NIT protocol expanded among plans to electronify the full bond lifecycle

In April, TP ICAP expanded its New Issue Trading (NIT) protocol to allow dealers to trade bonds directly across the buy side. Liquidnet launched the NIT protocol – the first electronic solution to trade new issues in Europe – to its network of buy-side firms in September 2021. This development is part of TP ICAP’s continued investment in the new issues space since the acquisition of Liquidnet last year as part of a plan to electronify the full lifecycle of a bond.

In this podcast, Zoi Fletcher speaks to Johnny Gray, Liquidnet Primary Markets, about the benefits of this expansion to the buy and sell sides.

1:05 – How the expansion of the NIT protocol to TP ICAP’s dealers is helping industrialise Liquidnet’s innovation

2:39 – How and why major dealer clients have adopted the new protocol

5:01 – Order/execution management systems Liquidnet has onboarded and other planned integrations

6:33 – Wider ambitions to electronify the full lifecycle of bonds and to apply variations of the protocol to other products

 

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