Liquidnet, the global institutional investment network, today announced the launch of Liquidnet Primary Markets, a new offering providing 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 provides a dashboard of new issue announcements. It will also 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.

Mark Russell, Global Head of Fixed Income at Liquidnet, said:

“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. We have consulted extensively with major market participants to build a truly customized and electronic solution for new debt issuance.”

This new offering will be complemented by the firm’s new Fixed Income member service model, including a dedicated Trade Coverage team providing specialized institutional expertise and insight designed to help Members seize trading opportunities.

Nicolas Breteau, CEO of TP ICAP, said:

“Liquidnet Primary Markets brings something truly new, innovative, and valuable, to the bond market. Importantly, the creation of Liquidnet Primary Markets was market-led. In bringing our plans to life, we worked proactively and cooperatively with a wide range of buyside, sell-side, and other market participants, including data vendors and the OMS community.

Liquidnet has long been known for innovation and best-in-class connectivity, and these are strengths that we will continue to build on as we further develop our Fixed Income offering.”