Euroclear collaborates to automate primary market security identification and set-up processes

New solution looks to improve access to critical Eurobond data for investors, alongside improving the transition into secondary trading.

By Wesley Bray

Euroclear, Tradeweb and Informa Global Markets (IGM) have collaborated to automate the security identification and set-up process for forthcoming syndicated Eurobonds in the primary market.

The solution aims to improve the way investors access and manage critical pre-pricing data for newly-syndicated Eurobonds, allowing for increased automation of primary markets and an improved transition into secondary trading.  

“Through this solution, we will address a critical issue for primary market investors around the need for quicker access to reliable new issue deal information for Eurobonds,” said Philippe Laurensy, group head of strategy, product and innovation at Euroclear. 

Euroclear and IGM’s data solutions will make information describing the new issue, the security identifiers and the deal data available on Tradeweb at a much earlier stage in the trade process and on a real-time basis, as a newly-issued Eurobond is marketed and priced.  

The new service is expected to launch in Q3 2023.