Thomson Reuters Expands IPO Execution Strategy With SIA Bookbuilding App in Eikon

Investment banks worldwide now able to manage deals directly from Thomson Reuters Eikon using SIA Bookbuilding app available through App Studio

London and Milan – Thomson Reuters has launched the “SIA Bookbuilding” application on its flagship desktop platform Eikon, offering sell-side professionals a new fully integrated application for the IPO syndication and distribution process. SIA Bookbuilding is available through App Studio, Eikon’s third-party development platform.

With SIA Bookbuilding, developed by SIA, investment banks can directly manage deals such as initial public offerings, follow-ons and convertible bonds by exploiting simultaneously Thomson Reuters investor ownership data, league tables, news, and a wealth of research and analytics. The availability of both financial data and execution functionality on one platform creates an effective integrated transaction workflow and enables Equity Capital Markets teams to enhance and optimize the investment decisions.

The cutting-edge app meets specific syndicate desk requirements with regard to new issue sales workflow, document management, compliance tracking and report tool generation. Furthermore, an intuitive dashboard is provided to speed up order tracking, facilitate price discovery and analyze investor profiles.

“We traditionally drive innovation for the financial industry and today, thanks to the collaboration with Thomson Reuters, we are proud to equip their Eikon community with a distinctive application for the new issue market”, commented Massimo Arrighetti, CEO of SIA. “Investing in Equity Capital Markets represents the beginning of a path to significantly reshape the whole underwriting process. We look forward to expanding our offering to support it through this solution by combining the Thomson Reuters data platform with SIA’s technological expertise.”

“Eikon App Studio embodies Thomson Reuters open platform strategy, allowing us to partner with our customers and with innovative partners to offer solutions for the financial community,” said Leon Saunders Calvert, Global Head of Capital Markets & Advisory Services, Thomson Reuters. “SIA adds to the extensive content and workflow capabilities on Eikon that service the capital raising community, providing a complete end to end IPO solution for the sell-side to connect issuers with investors through the equity markets.”

Thomson Reuters Eikon is a powerful and intuitive next-generation open platform solution for consuming real-time and historical data, enabling financial markets transactions and connecting with the financial markets community. Its award-winning news, analytics and data visualization tools help its users make more efficient trading and investment decisions across asset classes and instruments including commodities, derivatives, equities, fixed income and foreign exchange. Eikon is a leading desktop and mobile solution that is open, connected, informed and intelligent.

About Thomson Reuters

Thomson Reuters is the world’s leading source of news and information for professional markets. Our customers rely on us to deliver the intelligence, technology and expertise they need to find trusted answers. The business has operated in more than 100 countries for more than 100 years. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, visit www.thomsonreuters.com.

About SIA

SIA is European leader in the design, creation and management of technology infrastructures and services for Financial Institutions, Central Banks, Corporates and Public Administration bodies, in the areas of payments, cards, network services and capital markets. SIA Group provides its services in over 40 countries, and also operates through its subsidiaries in Austria, Germany, Romania, Hungary and South Africa. The company also has branches in Belgium and the Netherlands, and representation offices in the UK and Poland.

In 2015, SIA managed 9.9 billion clearing transactions, 3.3 billion card transactions, 2.8 billion payments, 41.7 billion financial transactions and carried 358 terabytes of data on the network.

The Group is made up of nine companies: the parent SIA, the Italian companies Emmecom (innovative network applications), P4cards (card processing), Pi4Pay (advanced collection and payment services), TSP (front-end services), and Ubiq (innovative technology solutions for marketing), Perago in South Africa, PforCards in Austria and SIA Central Europe in Hungary.

The Group, which currently has over 2,000 employees, closed 2015 with revenues of €449.4 million.

For more information: www.sia.eu.

 

CONTACT

Thomson Reuters 

Brian D. Bertsch
Public Relations Manager, Financial & Risk
Office: +1 646 223 5985
Mobile: +1 201 679 5883
Email: brian.bertsch@thomsonreuters.com

SIA

Filippo Fantasia
Head of Media Coordination
Office: +39 02.6084.2833
Mobile: +39 335.1202713
Email: filippo.fantasia@sia.eu

Valentina Piana
Media Coordination
Office: +39 02.6084.2334
Mobile: +39 342.0467761
Email: valentina.piana@sia.eu