That may be why, at least in the case of Ipreo’s Investor Access, some key banks haven’t signed up, including Bank of America, Barclays, Citigroup Inc., Credit Suisse Group AG, Deutsche Bank AG, JPMorgan and Morgan Stanley, according to people familiar with the matter. Spokespeople from these banks declined to comment on their participation.
“There is a risk of disintermediation in new issues and it’s something that the banking industry needs to be conscious of,” said Armin Peter, global head of debt syndicate at UBS Group AG in London. “There must be a certain fear of automation.”
This article was provided by Bloomberg News.