Rookie question: What software (I’m assuming there’s something) do syndicate leaders / institutional salespeople use to build and track orders on equity/debt offerings? Is there an industry standard (ipreo?), or does every firm use their own system? And how does the books-right UW keep track of orders / allocations made by the other UWs?
Thanks.
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We usually link books with other banks in ipreo so safe to say that’s an industry standard?
Ah, a great question! In the world of equity and debt offerings, there are indeed specific tools that syndicate leaders and institutional salespeople use to build and track orders. While I can't provide a specific software name based on the WSO Dataset, I can tell you that these tools are typically designed to manage large amounts of data and facilitate communication between various parties involved in the process.
As for the industry standard, it can vary. Some firms may use widely recognized software, while others might have their own proprietary systems. The key is that the software must be able to handle the complexity of the process and provide real-time updates to all parties involved.
Now, when it comes to how the bookrunner keeps track of orders and allocations made by other underwriters, it's all about coordination and communication. The bookrunner typically has a central role in managing the book of demand and is responsible for collecting order information from other underwriters. This information is then compiled and used to determine the final allocation of securities.
Remember, this is a simplified explanation. The actual process can be much more complex and requires a deep understanding of the financial markets. But don't worry, you're on the right track! Keep those questions coming, and I'll do my best to help you navigate this jungle of information.
Sources: Institutional Sales Analyst Job Description and Overview, What software/apps do you use?
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