BondAuction and NowCM, the primary market platform, are establishing connectivity between their platforms to offer connectivity for respective clients and users.
NowCM and BondAuction will initially connect on two-way workflows and data connectivity between NowCM’s documentation solutions and the auction-based orderbook of BondAuction. They will offer the ability for NowCM’s MTF investors to participate in transactions hosted by the BondAuction platform.
There will also be optionality for issuers to simultaneously explore both the traditional orderbook process using NowBooks and, subject to issuers funding objectives, the auction-based bid book using BondAuction.
Going forward, and depending on the wishes of our clients, this connectivity may be broadened to additional modules and services.
Robert Koller, CEO and founder of NowCM, said, “NowCM offers access benefits to new and infrequent issuers through its regulated treasury solutions, transaction process benefits for issuers and dealer banks through its digital documentation and workflow solutions, as well as price discovery benefits through its regulated marketplace. The achievable benefits are significant, but we can always do more. In doing so, we collaborate with carefully selected best-in-class partners. Our collaboration with BondAuction reflects both a detailed mutual understanding of this value chain and a shared ambition to serve our clients and users in the best and most complete way possible. In the following year we foresee more connections to be revealed providing an inclusive ecosystem and reliable digital connectivity.”
Peter Charles, co-founder of BondAuction commented, “BondAuction focuses on the execution portion of the issue lifecycle; delivering efficiency, transparency, and clarity for issuers, underwriters and investors alike. Whilst the benefits of the BondAuction platform are significant to all parties, they are magnified when coupled with best of breed solution providers focused on other elements of the lifecycle. The resulting end to end solution delivers greater benefit than any individual provider offers. We look forward to furthering our collaboration with NowCM.”
