NEW YORK, Feb. 10, 2021 /PRNewswire/ -- DirectBooks™,
the capital markets consortium founded to optimize global financing
markets, today announced that RBC Capital Markets has joined
the DirectBooks platform. Addressing inefficiencies in the
marketplace across multiple communication channels, DirectBooks is
simplifying the primary issuance process through the use of
structured data and streamlined communications.
The DirectBooks platform first launched with deal announcement
functionality for globally distributed U.S. Dollar Investment Grade
issuances, offering a common set of structured deal data and
document access for institutional investors. The product set will
continue to expand globally with Euro deals, as well as orders and
allocations functionality. Onboarding of additional dealers and
institutional investors will continue to be phased in throughout
2021.
"The power of our global network continues to grow as we welcome
RBC Capital Markets to the platform, and as we further expand
beyond our initial founding banks," said DirectBooks CEO,
Rich Kerschner.
"The creation of DirectBooks answered an urgent need for a truly
integrated and digital solution to the primary issuance market,"
said Dan Botoff, Managing Director,
Head of US Investment Grade Syndicate at RBC Capital Markets.
"We're committed to providing best-in-class solutions to our
clients and DirectBooks was a clear answer for us."
ABOUT DIRECTBOOKS
DirectBooks leverages its technology expertise and market knowledge
to optimize global financing markets. DirectBooks provides a
platform that optimizes the communications process for the primary
issuance of corporate bonds by improving the efficiency and
accuracy of communications between underwriters and institutional
investors. DirectBooks was formed by 9 global banks, consisting of
Bank of America (NYSE:BAC), Barclays (NYSE:BCS), BNP Paribas
(FR:BNP), Citi (NYSE:C), Deutsche Bank (NYSE:DB), Goldman Sachs
(NYSE:GS), J.P. Morgan (NYSE:JPM), Morgan Stanley (NYSE:MS), and
Wells Fargo (NYSE:WFC). For
additional information on DirectBooks, please visit
www.DirectBooks.com.
ABOUT RBC CAPITAL MARKETS
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. We are well-established in the largest, most
mature capital markets with over 7,300 employees across
North America, Europe, and the Asia-Pacific region in 70 offices and 15
countries, collectively encompassing more than 80% of global
investment banking activity each year.
Media Contacts:
DirectBooks: Chris Rodriguez
Chris.Rodriguez@DirectBooks.com
RBC Capital Markets: Elisa
Barsotti
elisa.barsotti@rbccm.com
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SOURCE DirectBooks