As a result of the agreement, i-Deal will use Radianzâs shared infrastructure platform to deliver its workflow solutions to capital markets professionals, which include the top investment banking firms. i-Dealâs suite of software products services all participants in the new issue markets, from broker-dealers to issuers to investors. i-Deal consolidates information from multiple sources onto a single platform, streamlining usersâ workflow and increasing the efficiency of the capital-raising process.
"Despite the market recovery, margins on the Street have not rebounded and firms are still looking to cut costs and operate more efficiently wherever possible," said Scott Ganeles, Chief Executive Officer of i-Deal. "Through one fully managed connection, Radianz enables us to provide our clients with quick and easy access to our workflow solutions."
i-Deal was founded in November 2001 on the premise that its electronic platform could increase the efficiency and reduce the cost of the new-issue process for all participants while also facilitating compliance. As a result, users now have access to a global, real-time, joint bookrunning system that supports multi-currency and multi-tranche offerings as it fully automates the capital-raising process across all securities.
Chris Church, EVP strategic client development at Radianz added, "i-Deal brings a unique system to the market that revolutionizes the capital raising process. We are pleased that i-Deal has chosen to work with Radianz in order to bring true straight-through processing to the new issue markets."
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