320 Investment Firms Participating in Investor Access, says IHS Markit
Bank participants grow to 42 with addition of Standard Chartered
LONDON--(BUSINESS WIRE)--IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced that 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.
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% of Euro, Sterling and Nordic currency Investment Grade new issues globally and 63% 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% 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,” said 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 modernize some of the key workflows.”
“Standard Chartered, with its significant presence in key global markets, brings further momentum to Investor Access,” said Duncan Phillips, 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,” Phillips said.
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).
About IHS Markit (www.ihsmarkit.com)
IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2019 IHS Markit Ltd. All rights reserved.