Underwriters and investors can access DirectBooks through both a secure web-delivered application and FIX API connectivity, allowing users to integrate the platform with their order management systems or proprietary technologies.
UNDERWRITERS CAN:
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Set up new deals with associated tranches
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Review initial and updated order messages
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Send deal announcements and updates to investors
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Manage allocation messages
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Add deal documentation
INVESTORS CAN:
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View a centrally aggregated deal calendar of primary issuance
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Consume a standardized set of terms and documents for all transactions
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Get real-time update details including guidance and pricing in a single dashboard
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Improve order management via quick order entry and master order dashboard functionality
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Save time and avoid possible errors replacing manual workflows
DirectBooks is ISO 27001:2013 certified. This accreditation demonstrates the adherence to a strict set of standards for securely handling customer data. ISO 27001:2013 is the standard for information security management systems (ISMS) and their requirements.
FIX 5.0 SP2
DirectBooks has based its technical communications flows on the industry standard FIX® protocol. More specifically, DirectBooks utilizes FIX 5.0 SP2 for systems communications. FIX® has become the language of the global financial markets used extensively by buy-side and sell-side firms to communicate financial information.
DirectBooks is SOC 2 Type 1 compliant. SOC 2 is a cybersecurity assessment that evaluates an organization's controls at a specific point in time. The goal is to determine if the controls are designed correctly and sufficient to protect
customer data.