DirectBooks welcomes Scotiabank, Rabo Securities and Huntington Capital Markets
NEW YORK, June 7, 2021 / PRNewswire / – DirectBooks, the financial markets consortium founded to optimize global financial markets, today announced that Scotiabank, Rabo Securities and Huntington Capital Markets have joined the DirectBooks platform. The addition of these dealers increases seller-side ownership to fifteen companies. The platform launched in Q4 2020 with a deal announcement feature for quality US dollar issues around the world with the recent addition of Euro and Pound sterling deals in April 2021. The integration of additional underwriters and institutional investors will continue throughout 2021.
âDirectBooks is delighted to welcome Scotiabank, Rabo Securities and Huntington, as we continue our journey to establish a large and diverse global community of underwriters, âsaid the CEO of DirectBooks, Rich Kerschner.
âScotiabank is committed to meeting the evolving needs of its customers and delivering a best-in-class customer experience,â said Paul McKeown, Managing Director and Head of US Debt Capital Markets, Scotiabank. “We are delighted to have the opportunity to take advantage of this integrated DirectBooks solution that advances the new issuance process, which will help us provide better support to our clients.”
âRabo Securities is very excited to join DirectBooks. We are constantly looking for innovative ways to support our clients, and this platform is a logical next step in the evolution of capital markets,â said Jan Hendrik de Graaff, Head of Investment Grade Capital Markets, Rabo Securities. “We are delighted to offer institutional investors an enhanced service and a new issuance experience.”
âAs the new issue market continues to evolve, Huntington is committed to participating in solutions that simplify and automate processes for our customers, âsaid Matt Milcetich, Executive Managing Director of Huntington Capital Markets. “We are excited to join the DirectBooks community to streamline the transaction process and bring greater efficiency to the primary market.”
DirectBooks simplifies the primary issuance process for fixed income securities by streamlining communication flows for underwriters and institutional investors. The platform will continue to grow with the ability to optimize communications of order and allocation information, hedging instructions and final trade documentation. High Yield and Emerging Markets issues will be added to the platform later this year.
DirectBooks leverages its technological expertise and market knowledge to optimize global financial markets. We simplify the primary issuance process for fixed income securities by streamlining communication flows for underwriters and institutional investors. DirectBooks was formed by 9 global banks, including Bank of America (NYSE: BAC), Barclays (NYSE: BCS), BNP Paribas (FR: BNP), Citi (NYSE: C), Deutsche Bank (NYSE: DB), Goldman Sachs (NYSE: GS), JP Morgan (NYSE: JPM), Morgan Stanley (NYSE: MS), Wells Fargo (NYSE: WFC). A complete list of participating underwriting companies is available on our website. For more information, please visit www.DirectBooks.com.
The Rabobank Group is a global leader in financial services providing wholesale and retail banking, leasing and real estate services in more than 40 countries around the world. Founded over a century ago, Rabobank is today one of the largest banks in the world with more than $ 640 billion in assets. In the Americas, Rabobank is a leading bank for the food, agri-food and beverage industry, providing industry expertise, strategic advice and tailored financial solutions to clients throughout the food value chain. Securities related activities are carried out by Rabo Securities United States, Inc., the broker of Rabobank registered in the United States. Further information is available on our website or on our social media platforms, including Twitter and LinkedIn.
ABOUT HUNTINGTON CAPITAL MARKETS
Huntington Bancshares Incorporated is a regional banking holding company headquartered in Columbus, Ohio, with $ 126 billion assets and a network of 814 full-service branches, including 11 private customer group offices and 1,314 ATMs in seven Midwestern states. Founded in 1866, National Huntington Bank and its affiliates provide services to individuals, small businesses, businesses, cash management, wealth management, brokerage, trusts and insurance. Huntington also provides vehicle finance, equipment finance, national settlement and capital market services that extend beyond its major states. Visit huntington.com for more information.