DirectBooks leverages its technology expertise and market knowledge to optimize global financing markets.
A group of leading global financial institutions announced the creation of DirectBooks™, a new technology platform designed to streamline connectivity within the primary market.
The financial institutions partnering to develop this new platform include Bank of America, Barclays, BNP Paribas, Citi, Deutsche Bank, Goldman Sachs, J.P. Morgan, Morgan Stanley, and Wells Fargo.
Addressing inefficiencies in the marketplace across multiple communication channels, DirectBooks will simplify the primary issuance process through the use of structured data and streamlined communications. The service will increase the efficiency and accuracy of deal workflow information among market participants by disseminating it through a robust communication platform that can be integrated into underwriter and investor systems to better connect underwriters and their clients. DirectBooks expects to scale globally for primary market offerings.
Mizuho and Credit Suisse joined the DirectBooks platform. Mizuho strengthens the DirectBooks platform with its top ten USD Investment Grade position and further complements the consortium’s presence through its global strength in capital markets across the Americas, EMEA and Asia, including its number one ranking in Japanese Yen Bonds. Credit Suisse brings to DirectBooks a world-class credit franchise with a leadership position in both Investment Grade and Leveraged Finance, spanning the US, European and Asian capital markets.
RBC Capital Markets joined the DirectBooks platform. RBC Capital Markets is recognized by the most significant corporations, institutional investors, asset managers, private equity firms, and governments around the globe as an innovative, trusted partner with an in-depth expertise in capital markets, banking, and finance.
DirectBooks announced the launch of Euro and Sterling Investment Grade deal announcements on the DirectBooks platform. As part of its European expansion, DirectBooks also announced the appointment of Duncan Phillips as Managing Director and Head of Europe.
Scotiabank, Rabo Securities and Huntington Capital Market joined the DirectBooks platform. The addition of these dealers increases the sell-side participation to fifteen firms. Rabobank Group is a global financial services leader providing wholesale and retail banking, leasing, and
real estate services in more than 40 countries worldwide. Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio, with $126 billion of assets and a network of 814 full-service branches, including 11 Private Client Group offices, and 1,314 ATMs across seven Midwestern states.