Workflow Management

Solutions: Workflow Management

End-to-End
Integrated Workflows

Enhancing workflow efficiency for the buy side and sell side at every stage of the ECM offering process

CMG XC: Connecting the ECM Ecosystem

Designed to foster digital collaboration among ECM participants, our platform eliminates reliance on manual processes and provides a single system of record for firm-wide offering activity

Explore the Product

Stay on top of trading workflows, track offering announcements and manage offering-related communications via a compliant and auditable platform
Manage the entire offering lifecycle, from launch and meeting coordination to bookbuilding, allocations and internal trade booking
Organize and manage buy-side participation, including fund-level demand and allocations

Join the Network

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Buy-Side Clients

Sell-Side Clients

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Investor Firms

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Banks

Streamlined Bookbuilding for the Sell Side

Manage ECM transactions with accuracy, reliability and efficiency

Publish offering termsheets and build a consolidated order book in real time
Access robust demand analytics, including limit price visualizations and customized reports
Leverage CMG’s proprietary process to reconcile CRM data and standardize investor entity names across the market
Consolidate wall cross communications, investor contacts and investor interest in one centralized view

Straight-Through Processing of Orders for the Buy Side

Automate internal and external communication by integrating CMG’s real-time data feed into your workflows

Eliminate manual data entry of offering information and streamline trader-to-PM communication
Send indications of interest from your order management system directly into the CMG XC order book and receive back allocations upon final release – reducing any manual external communication
Submit a "pass" to reduce redundant calls from brokers regarding your indications of interest

From Our Clients

XC marks a major leap forward in ECM, offering a common digital platform to facilitate real-time connectivity between all constituents involved in equity offerings.

Mark Hantho

Global Chairman of Technology and Communications Banking, Capital Markets and Advisory, Citigroup

As significant technological innovations continue to be implemented across many facets of Wall Street, we are delighted that CMG is bringing much needed enhancement to the ECM capital formation process. A more efficient market translates to more business getting done – business that results in job creation, innovation and economic growth.

Ben Batory

SVP, Equity Trading at Franklin Templeton

Solutions for All

Our workflow management solutions enhance ECM efficiency and connect both sides of the Street

Buy Side

View offering terms and build manager-, fund- and firm-level demand

Sell Side

Draft, share and launch offerings and build a consolidated order book

FAQS

Workflow & integration

What workflow capabilities does CMG XC provide?

CMG XC supports the full ECM deal lifecycle on a single platform. Sell-side firms can set up offerings and publish term sheets via the web platform or REST API, manage a consolidated and de-duplicated order book, draft and distribute allocations, calculate designations and release trades and sales credits to downstream systems.

Real-time event notifications are delivered via EventHub, enabling STP integration with internal trade processing and OMS platforms. The platform is accessible via the web app and REST API.

How does CMG improve traditional book swapping?

CMG XC replaces the “bookswapping” process with a real-time shared order book accessible to all entitled syndicate participants. Buy-side firms submit IOIs directly through the platform and allocations and updates flow back in real time, removing the email chains and file transfers typical of manual book building.

CMG’s investor matching engine standardizes investor identity across counterparties, reducing the duplicate entries that accumulate when books are reconciled manually.

Does CMG XC support straight-through processing (STP)?

Yes. CMG XC supports STP with sell-side middle office systems and buy-side OMS platforms. Allocations can be released and consumed electronically via the REST API, reducing manual entry across systems.

Real-time event notifications via EventHub connect platform events such as trade release, allocation updates and attestation status changes directly into internal workflows.

What deal types does CMG XC support?

CMG XC supports IPOs, follow-ons, blocks, and convertible bond transactions (144A and SEC registered).

How can I access XC?

CMG XC connects into deal workflows via:

Web platform — manage deal workflows, bookbuilding and allocations directly through the browser
REST API — automates the full ECM deal lifecycle from setup through allocation and post-trade. Integrates with CRM, OMS and trade processing systems for straight-through processing with buy-side participants.

When will XC be available in my region?

CMG XC is expanding globally! The first phase of expansion is focused on the Americas, followed by EMEA and then APAC. Contact us for the latest on availability in your region.

Compliance & audit

What compliance features does CMG XC offer?

CMG XC embeds investor compliance directly into the deal workflow. CMG’s Certificate Library allows sell-side firms to manage eligibility certificates across their investor population. Supported certificates types include FINRA Rules 5130/5131, Rule 144A QIB and Regulation S.

What audit capabilities does CMG XC provide?

CMG XC maintains a full audit trail across every stage of the deal workflow, from offering launch through allocation and trade release. Role-based access controls create a clear record of who took which action at each stage.

Leverage the CMG Network

Leading financial institutions rely on CMG to manage their ECM business. Get in touch to learn how CMG can help your business, too.

End-to-End Integrated Workflows