Liquidnet partners with BondAuction to broaden access to book building efficiencies

The partnership will allow users to place bids via Liquidnet onto BondAuction’s platform directly from its OMS and receive allotments back.

Liquidnet has partnered with auction platform for the primary debt capital markets, BondAuction, to provide mutual clients with access to the latter’s platform through Liquidnet’s order management system (OMS) offering.

The new partnership will allow users of Liquidnet Primary Markets’ established OMS connectivity to place bids via Liquidnet onto BondAuction’s platform directly from their OMS and receive allotments back.

The move will also allow auction style primary debt transactions to be connected to order management systems. 

“Our primary markets solution is available as both a standalone offering and one that integrates with other systems that our clients already use, or intend to use,” said Jonathan Gray, head of primary markets at Liquidnet.

“We are thrilled to have the opportunity to collaborate with a firm like BondAuction who understand the importance of partnership and interoperability to further provide efficiencies and connectivity for investors, banks and issuers.”

BondAuction launched in 2021 and boasts more than 70 years’ combined experience in both bond markets and transformational technology solutions. The firm looks to use technology to create a transparent, efficient and secure platform for issuers, investors and underwriters.

“We collaborated with hundreds of issuers, investors and underwriters to build our platform from the ground up. We want to offer a more efficient means to access capital markets and deliver change for the better,” said Spencer Maclean, co-founder of BondAuction.

“BondAuction understands the importance of partnering with firms who share this common goal and we are excited by this unique opportunity to work together with Liquidnet and further the reach of our innovative platform.”