Product Type: Market Research Report
Published by: TowerGroup
Published: September 2006
Product Code: R301-1186Description Technology is slowly being adopted in this segment of the brokerage business, and new technology is starting to reinvent the way capital is raised, marketed, and distributed. This TowerGroup Research Note analyzes the role of technology in the investment banking function with emphasis on the new-issue deal management process. The Note describes pertinent deal management issues across different products (initial public offerings, fixed-income products such as municipal bonds and corporate bonds, and structured products) and the factors driving automation in this business.Table of Contents
- TowerGroup Take-Aways
- Report Coverage
- Vision
- Investment Banking
- Exhibit 1 US Broker-Dealers' Revenues by Source (2005)
- Exhibit 2 US Underwriting Value by Type of Issuance (1996-2006E)
- The Underwriting Process
- Exhibit 3 Phases of an Investment Banking Deal (2006)
- Origination
- Determining the Best Approach for a Deal
- Technology in Origination
- Syndication
- Results of a Deal
- Technology in Syndication
- The Banker and Technology: Changing Roles
- Exhibit 4 Investment Banks' Current Role in Deals with Complex Financing Products (2006)
- Exhibit 5 Investment Banks' Future Role in Deals with Complex Financial Products (2007-10E)
- Differences in New-Issue Products
- Municipal Bonds
- Fixed Income
- Equities
- Equity Auctions
- Variations by Region
- Exhibit 6 Capital Raised via Equity Markets by Region (2004 vs. 2005)
- Exhibit 7 Global Capital Markets Trends by Region (2006)
- The Role of Technology in Underwriting
- Summary
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