The Finance Hive: Digital Café, 11th June
Despite tech advances, firms struggle to manage the new issuance process, dealing with disparate systems and stone-age communication from syndicate desks. Some firms are just beginning to refine and develop these systems, while others have already evolved to semi-automated processes.
Read on to discover more insights and practical solutions to challenges in new issuance…
And if you’re new to The Finance Hive, become a member of the community and join our upcoming Café discussions via the button below! Our Senior Account Manager and Café host, Becky Moore will be in touch with next steps.
Becky Moore, Senior Account Manager – FI and EQ, The Finance Hive
The Need for Collaboration
Whilst some members have successfully integrated platforms for order management and allocations, many report challenges surrounding workflow, data accuracy and communication. Examples include limited visibility of cancelled orders and syndicate desks not receiving updates across various platforms.
Members also touched on the structural issues of new issuance, which can hinder automation and require syndicate desks to manually enter new issue pricing—something that is prone to human error.
Collaboration is needed between buy side firms to push vendors towards true straight-through processing (STP) and shared data standards.
Market Evolution
One of the biggest challenges for our members is data quality. This is particularly true of complex trades, such as fixed-to-float or callable bonds, due to their unique structure and higher level of risk. To tackle this, members suggested integrating vendor platforms with hierarchical data waterfalls for improved accuracy.
Members also expressed an interest in establishing minimum data fields, such as T+0 enrichment criteria, for reliable automation. Additionally, Fixed Income tokenisation or a central limit order book (CLOB) were discussed as long-term solutions to support operational flow and efficiency.
Buy Side-Driven Innovation
Members explored the key areas of development for existing platforms. These ranged from complex setup to compliance concerns, which can arise from trades not being booked on set dates or security shells failing to flow downstream.
Above all, members are keen to establish data enrichment standards and rules-based workflows to aid new issuance setup and drive automation—emphasising the fundamental role of data.
Want to join the conversation? You can now browse through our Finance Hive Café schedule for the rest of the year!
Fixed Income US Members Meeting
We’re busy working on the agenda for our next Fixed Income US Members Meeting, and we can’t wait!
When? 6th November 2025
Where? 3 West Club, Manhattan, New York
What can you expect? A day filled with actionable insights, closed-door roundtable discussions, inspirational keynote sessions, tailored 1-1 meetings, educational masterclasses, complimentary networking drinks, and more…
