DirectBooks
DirectBooks is the leading primary markets communications platform for structured deal data, documentation, and information exchange in investment grade fixed income.
Services
DirectBooks provides a primary markets communications platform tailored for structured deal data, documentation, and information exchange in primary markets. The platform enhances productivity, control, and consistency in the communications workflow through automation, standardization, and efficiency. Using DirectBooks, participants can access a single distribution point to view standardized deal information, communicate indications of interest, and receive allocations throughout the issuance lifecycle, benefiting both institutional investors and underwriters.
Products
DirectBooks offers a comprehensive platform for the primary issuance process in fixed income markets. Their solutions include streamlined workflows for underwriters and institutional investors, structured deal data, and real-time updates. The platform supports FIX 5.0 SP2 for system communications, adhering to industry standards. Additionally, DirectBooks is ISO 27001:2013 certified, ensuring robust data security measures. DirectBooks simplifies the primary issuance process, enhancing communication efficiency and accuracy for all parties involved.
Founders
DirectBooks was formed by nine global banks: Bank of America, Barclays, BNP Paribas, Citi, Deutsche Bank, Goldman Sachs, J.P. Morgan, Morgan Stanley, and Wells Fargo. Since its inception, the company has grown to include over 34 banks and more than 500 institutional investors. This collective foundation has allowed DirectBooks to leverage extensive technology expertise and deep market knowledge to optimize global financing markets effectively.
Sector
DirectBooks operates in the investment-grade fixed income sector, focusing on improving the efficiency and accuracy of communications in the primary issuance process. The company's platform caters to underwriters and institutional investors involved in the primary markets, ensuring streamlined and standardized workflows. DirectBooks' specialization in the fixed income sector allows it to provide targeted solutions that enhance the productivity and communication processes within this particular financial domain.
Community and Membership
The DirectBooks community is composed of institutional investors and underwriters actively involved in the primary issuance process. By offering a single distribution point and standardized deal information, the platform fosters efficient communication and accurate allocation. DirectBooks is also a member of the International Capital Market Association (ICMA), which underscores its commitment to adhering to industry standards and best practices in the global fixed income markets.