KopenTech Blog – Market-building trends and news to help you innovate and improve

06/27/2022

KTX DirectBidding™ Quicktakes

What is KTX DirectBidding? KTX DirectBidding CLO electronic trading protocol taps into the liquidity of broker-dealers and buy-side investors at the same time. Buy-side investors can trade directly and anonymously while settling via independent settlement and clearing firms. Source: TRACE,...

Electronic Trading

06/23/2022

KopenTech Launches Revolutionary KTX DirectBidding™

LOS ANGELES (BUSINESS WIRE) – KopenTech, the online trading and analytics platform for structured products, announced today the launch of KTX DirectBidding™. DirectBidding™ is a trading protocol that allows buy-side investors to trade CLOs directly and anonymously with each other...

Electronic Trading/Main Features

06/10/2022

CLO Market Trends: May 2022 Edition

Guest Speaker: Michelle Manuel, Investec Bank BWIC Volumes May BWIC volumes declined 30% from the highs of March with $2.92BN trades/ $5.2BN posted. However, year to date volume of $16.93BN is up 139% versus 2021 of $12.20BN. TRACE Volumes TRACE volume is $18BN...

CLO Market Trends/Electronic Trading

05/17/2022

CLO Market Trends: April 2022 Edition

High Trading Volumes Continue, New Issue Volumes Recover April Webinar Guest Speaker: Dan Wohlberg, Eagle Point Credit Management BWIC Volumes April had close to a record in BWIC trading with 4.3BN trades/ $7.6BN posted. BWIC volume continues to be driven...

CLO Market Trends/Electronic Trading

04/19/2022

CLO Market Trends: March 2022 Edition

Secondary Trading Highest in 7 Years March Webinar Guest Speaker: Laila Kollmorgen, Portfolio Manager, PineBridge Investments BWIC Volumes Largest in 7 Years March was the strongest month in BWIC trading and the second largest posted in the last 7 years:...

CLO Market Trends/Electronic Trading

03/18/2022

Riskoff sentiment drives a flood of trading in CLO AAAs

Given their floating-rate nature, leveraged loans and CLO securities avoided turbulence seen in other fixed-income instruments and equities in early 2022. However, with the Russia-Ukraine war, the cracks have started to appear and a flood of trading in the senior...

Electronic Trading

03/11/2022

CLO Market Trends: February 2022 Edition

BWIC Volumes February total posted volumes continued to increase and rose to $5 Bn. This is the highest we have seen all year. However, with only $2.9 Bn traded, this is low compared to last February with $3.4 Bn. So,...

CLO Market Trends/Electronic Trading

02/10/2022

CLO Secondary Market Trends: January 2022 Edition

BWIC Volumes January was a strong month for CLO trading. We had a total of $4.4 billion listed on BWICs, with $2.6 billion trading. The average volumes for the last 12 months are $3.2 billion for posted and $2.1 billion...

CLO Market Trends

02/01/2022

New feature: CLO Issuance Monitor

We’re excited to announce KopenTech’s newest feature, the CLO Issuance Monitor. It’s a centralized portal for all primary activity: new issues, refis and resets. With this portal, our objective is to have a centralized location and standardized approach to collecting...

Electronic Trading/Main Features

01/20/2022

CLO Secondary Market Trends: December 2021 Edition

BWIC Volumes December had a total of $2.59 billion listed on BWICs, lower than November’s $4.34 billion. While posted BWIC volumes were high relative to the rest of the year, only 1.61 billion actually traded via BWIC, consistent with our...

CLO Market Trends/Electronic Trading