Miami, September 18, 2023 (GLOBE NEWSWIRE) — Genesis Global, the low-code application development platform purpose-built for financial markets organizations, today announced the launch of a solution that aggregates new data across bond transactions for asset managers, accelerates investments. decision-making and streamlines the way they apply for and receive benefits.
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
- Includes AI-driven data handlers to automatically process unstructured data from chat and email
- 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 tools
- 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.
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About Genesis Global
Genesis Global enables financial markets organizations to rapidly innovate with a software application development platform, pre-packaged solutions and deep expertise in capital markets and financial services. By encouraging developers to quickly deliver high-performance, resilient, and secure applications, Genesis replaces the buy-versus-build challenge with a buy-to-build solution.
The Genesis Platform is designed with flexibility and performance in mind, providing developers with the frameworks, integrations, and components needed to automate manual workflows, enhance existing systems, and create entirely new applications. Featuring a resilient, real-time service-oriented architecture, Genesis excels in the performance envelope of low latency, high throughput and high scalability, powering mission-critical applications for the world’s leading financial institutions.
Strategically backed by Bank of America, BNY Mellon and Citi, Genesis Global has offices in Miami, New York, Charlotte, London, São Paulo, Dublin and Bangalore.
