The configurable solution brings together DirectBooks, Ipreo, Bloomberg and other sources into a single transaction-focused workspace for portfolio managers and traders.
AI-powered managers automatically process transaction data in instant messages and emails
Genesis Global, the low-code application development platform purpose-built for financial markets organizations, announced the launch of a solution that aggregates new bond trading data for asset managers, accelerating investment decision and streamlines how they apply for and receive allocations.
In primary corporate bond markets, asset managers only have two hours to analyze new bond transactions and request allocations, no easy task given that simply monitoring a Fragmented market searching for new emissions 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 trades per day, each of which can be updated approximately 30 times.
Genesis’ customizable primary bond issuance solution aggregates transaction data from multiple sources to give asset managers a comprehensive, real-time view of the market in a single transaction-focused workspace that facilitates rapid decision-making between portfolio managers, credit analysts and traders.
“Asset managers are under pressure to make decisions extremely quickly in primary bond markets, but failure is not an option due to the opportunity cost of missing out on the best deals,” says Rahul Kambli, Product Manager for Primary Bond Issuance at Genesis. “Our solution provides a comprehensive view of the market and integrates the systems, workflows and collaboration that companies need to make investment decisions and communicate allocation requests with unparalleled efficiency. »
The solution includes AI-powered handlers to automatically process unstructured data, eliminating the need for investment professionals to manually enter transaction data received via instant messages (chat) or email. The AI components are part of a broader investment in AI as a platform service that drives all Genesis solutions.
Designed in consultation with a leading global asset manager, the Primary Bond Issuance solution:
- Aggregates, normalizes and cleans data from multiple transaction sources
- Integrates analytics, master data, and user compliance systems to provide an enriched view of each transaction and centralize transaction workflow.
- Connects to order management systems to seamlessly request and receive allocations
- Provides customizable alerts and workflow management
- Offers comprehensive audit functionality
- Integrates collaboration tools like Symphony to further accelerate investment decision-making
Primary Bond Issuance is built on the Genesis low-code application development platform and is configurable to fit user preferences for integrations and workflow design. This is an example of how Genesis helps institutional asset managers automate their investment process with modern applications that transform the way portfolio managers, traders and credit analysts share market data and internal analyzes and make collaborative decisions on risks and opportunities in the markets.
Source: Genesis
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