The number of buy-side firms participating in Investor Access has more than doubled over the last year to 320 institutions and now includes seven of the top 10 global fixed income investors by AUM, according to IHS Markit.
Investor Access connects investors and banks on a global independent electronic platform for new issuance in capital markets, covering distribution of deal terms and communication of orders and allocations.
Investor Access was used in 93 per cent of euro, sterling and Nordic currency Investment Grade new issues globally and 63 per cent of all US Dollar deals in Asia during 2019 to date. Several US domestic deals have also been published over Investor Access. Order placement by investors globally via Investor Access rose by almost 400 per cent in Q1 2019 versus Q1 2018.
In addition to growing buy-side users, the number of banks on the platform has also rapidly expanded to reach 42 with the recent addition of Standard Chartered.
“We’re pleased to join the Investor Access network,” says Spencer Maclean, Global Head of Bond Syndicate at Standard Chartered. “The platform keeps the banks and the investors at the heart of the capital markets execution process but helps modernise some of the key workflows.”
“Standard Chartered, with its significant presence in key global markets, brings further momentum to Investor Access,” says Duncan Phillip (pictured)s, Global Head of Capital Markets at IHS Markit. “As the network grows, sell side and buy side participants experience more of the benefits of the electronic paradigm – efficiency, accuracy and transparency.
“Looking forward, we’re now working to expand the platform further into other geographies and asset classes and by integrating the wealth of data from across the broader IHS Markit business.”
The Investor Access initiative is the result of collaboration between an initial group of 11 banks which has now expanded to 42 participating banks including ABN AMRO, BBVA, BNP Paribas, CM-CIC, Commerzbank, Crédit Agricole CIB, Danske, DZ BANK AG, Goldman Sachs, HSBC, ING, Mizuho, MUFG, Natixis, NatWest Markets, Santander, Société Générale Corporate Investment & Banking, UBS and UniCredit.
The platform comprises IssueLaunch (used by the sell side) and Deal Monitor (used by the buy side) and builds on IHS Markit’s existing fixed-income suite, including IssueBook (used by over 100 banks) and IssueNet (used by over 170 banks).
