Building a Network of Networks: DealVector and Thomson Reuters LPC

DealVector recently announced that we have formed a partnership with Thomson Reuters LPC to integrate our identity-protected messaging capabilities into LPC’s desktop products. The goal of this partnership is to drive connectivity and transparency in the syndicated loan and CLO markets, and it is the first step in our Network of Networks strategy.

The concept behind this Network of Networks strategy is to reach market participants with actionable information, wherever they may be. A comment we have heard over and over, from the beginning of our efforts to grow the DealVector network, is that a bondholder communications platform won’t work unless all market participants are on it. Creating a Network of Networks changes that equation.

We can’t guarantee that the entire market will always be here, but we can stitch networks together to create valuable connections between communities that exist around data. As we are seeing in this era of DLT (Distributed Ledger Technology, aka blockchain), there can be multiple pathways to accomplish the same goals, and technology has the capability to bridge networks and bring everyone to the same table. With this integration, DealVector and LPC members will be able to reach each other, but LPC members will now be able to reach other LPC members where they previously had no ability to connect to each other on an asset-specific basis. Bringing together disparate communities around data brings that data to life.

Our integration with LPC is just the first step, and we are in discussions with other content and data providers to link more networks together. DTCC will remain at the center (and it is worth noting that DealVector works with that network as well), but we are building a far more de-centralized network infrastructure where communications and data can take multiple paths to their end destination, avoiding the bottlenecks that keep market participants separated today.

For more information on our partnership with LPC, read the press release here, but at a high level, the benefits to our clients include:

• LPC clients can connect directly to CLO and loan holders — from within their LoanConnector and/or LPC Collateral screens
• LPC clients can receive notifications of outstanding corporate actions and recent pricing activity on loans and bonds
• DealVector clients can extend their reach: messages posted to bondholders on the DealVector Network will now also reach LPC clients
• DealVector members will be alerted to news stories from LPC that could impact their holdings
• DealVector members can access key LPC data fields, facilitating detailed filtering for bonds that come out for bid or offer on our BondTalk liquidity platform

More to come soon on our Network of Networks.