MarketAxess Holdings Inc. announced an agreement to provide mutual clients with streamlined access to DirectBooks' primary issuance information and workflow tools through a new MarketAxess integration. For the first time, mutual clients of DirectBooks and MarketAxess will be able to manage their primary processes through a separate interface on MarketAxess, increasing workflow efficiency and access for buy-side traders. The integration allows MarketAxess clients to review DirectBooks deal announcements, submit indications of interest, and receive allocation messages from syndicate desks, providing increased speed, accuracy, and transparency across the deal lifecycle.
The integration will be available to mutual clients in second quarter.
