Genesis Global, a low-code application development platform for financial markets organisations, has launched a solution that aggregates new bond deal data for asset managers, and aims to accelerate investment decision making and streamline how they request and receive allocations.
In primary markets for corporate bonds, asset managers have as few as two hours to analyze new bond deals and request allocations, no easy task given that simply monitoring the fragmented market for new issuance data is a challenge. Banks use multiple platforms, including DirectBooks, Ipreo (S&P Global), Bloomberg, Refinitiv and email, to market an average of 40 new bond deals daily, each of which can be updated around 30 times.
The customisable Primary Bond Issuance solution from Genesis aggregates deal data from multiple sources to give asset managers a complete, real-time view of the market in a single, deal focused workspace that facilitates rapid decision making between portfolio managers, credit analysts and traders.
The solution includes AI-driven handlers to autoprocess unstructured data, eliminating the need for investment professionals to manually enter deal data received via instant messages (chat) or email. The AI components are part of a broad investment in AI as a platform service driving all Genesis solutions.
The Primary Bond Issuance solution is built on the Genesis low code application development platform and is configurable to accommodate user preferences for integrations and workflow design.