New syndicate tech platform passes CBA test

Bill sherman
By Bill Thornhill, Owen Sanderson
09 Jan 2017

Investor Access, a platform which allows investors to submit orders for a new bond issue directly into the order book was deployed for the first time last week on a Commonwealth Bank of Australia sterling covered bond. Now work is underway to convince more dealers of the initiative’s worth.

The system, which has been in development for more than two years, entered its final test phase late last year, with a market-wide simulation exercise conducted in December. Banks sponsoring the initiative have since been searching for the right deal to launch the system with.

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