Liquidnet Announces the Launch of Liquidnet Primary Markets

Liquidnet, a technology-driven, global institutional investment network, recently announced that it has launched Liquidnet Primary Markets to electronify the full life cycle of a bond.

Liquidnet Primary Markets provides an electronified Debt Capital Markets (DCM) workflow for new issue announcements alongside a new protocol for trading new issues.

Integrated into the existing Liquidnet Fixed Income trading application, the DCM workflow will be available to non-trading desk users, such as portfolio managers, analysts, and compliance teams, through a web-based portal.

The New Issue Trading protocol enables Members to trade new issues in the European investment grade, high yield and emerging bond markets, and in the US, in emerging bond markets.

“Liquidnet Primary Markets is an essential first step in realizing our ambition of becoming the first agency broker to achieve the end-to-end electronification of the life cycle of a bond,”Mark Russell, Global Head of Fixed Income at Liquidnet, said.

“With our DCM workflow and new issue trading offering, we are addressing the challenges of fragmented new issue dissemination and improving the format of new issue announcements. For our Members, this means access to primary and secondary markets through a single Liquidnet application and represents new trading opportunities in a fast moving and rapidly evolving market,”Russell added.