Share page with AddThis


Clearstream issues API for Eurobond issuance

Bond market conceptPost-trade services group Clearstream has launched an application programming interface (API) for primary market issuance of Eurobonds in a move designed to bring more digital capability to the fixed income market.

According to Clearstream, the Primary Market Issuance API will enable issuer agents and market participants to obtain international securities identification numbers and request acceptance of securities in real-time.

This in turn will enable straight-through-processing and decrease latency and operational risk, states Clearstream.

London-based fintech Origin Markets will be the first platform to use the API interface.

“Origination and pre-issuance processes are undergoing rapidly evolving technological change which is presenting the securities issuance community with the opportunity to provide fully digital services,” said Guido Wille, head of Eurobonds at Clearstream.

The bonds market has typically lagged behind the equities market in the adoption of digital technology, however the pace of development has picked up of late with a number of projects looking at how tokenisation and blockchain technology can be used for the trading and settlement of securities.

Europe’s securities regulator Esma announced a consultation project on this issue earlier this month.

However, not every fixed income technology project has proved successful. Katana Labs, the fintech venture launched by Dutch bank ING with the mission of providing advanced bond analytics powered by machine learning algorithms for buy-side investors, has announced that it will cease operations at the end of the month just two years after launching.  

©2022 fundsTech

Most read features

Cryptocurrencies: Solving crypto’s sustainability problem

Cryptocurrencies like bitcoin have a huge carbon footprint but, as Nicholas Pratt discovers, environmentally friendly alternatives exist.

Roundtable: The digital transformation opportunity

The funds industry is looking at adopting new types of technology, from automation to ESG reporting, blockchain and tokenisation. A FundsTech roundtable in March explored how these will revolutionise the sector.

Proxy voting: Making every vote count

With stewardship more important than ever and digital technology to the fore, surely it is time to solve the problem of proxy voting? Nicholas Pratt investigates.

Interview: Rise of the robo-adviser

FundsTech talks to Nutmeg’s CTO, Matt Gatrell, about the role of technology in its online offering.

Regulation: Panel calls for simplicity in ESG reporting

The industry accepts the need for more rigour in ESG fund reporting, but the work will be pointless if investors don’t understand the end result. Nicholas Pratt reports.

Sponsored Profiles

Data consolidation takes centre stage in asset management M&A

MergersConsolidation between asset management firms is overwhelmingly expected to increase. Operational challenges remain thanks to legacy systems. But in a recent...

Are you being microserved?

As asset managers grapple with new digital technology, FundsTech talks to Calastone’s Adam Belding about the importance of software architecture and the benefits...

Sponsored profile: A question of trust

AcrobatsAs more firms adopt agile software development practices, Petra Roche of Metrosoft explains why trust is so important in making agility work.

Sponsored feature: Compliance and the case for agility

CheetahFundsTech talks to Janusz Lorenc, CEO of Metrosoft, about asset managers’ approach to compliance risk and the case for agile software development.