KopenTech Blog – Page 2 – Market-building trends and news to help you innovate and improve

03/09/2023

For International Women’s Day, we sat down with our founder, Olga Chernova, to discuss her idea behind KopenTech.

How did KopenTech get started and what inspired its creation? KopenTech was born out of my disappointment with the cumbersome and time-consuming process of refinancing CLOs. As a CLO equity investor, I saw the potential of this asset class but...

Electronic Trading/Online Refinancing (AMR)

01/12/2023

KopenTech Year End CLO Review

With 2022 behind us, we review the CLO market major trends: CLO Secondary Trading Skyrockets42% increase YOY and 8% since 2020 Covid Spike. US BWIC volumes are driven by AAA tranchesAAA secondary trading is up 92% from 2021. Equity trading...

CLO Market Trends/Electronic Trading

12/15/2022

CLO Market Trends: November 2022 Edition

Prices are off the year’s lows in secondary, new issue AAAs remain at the year’s widest levels. Guest Speaker: Michelle Liu, KKR BWIC Volumes We have seen a continued increase in US BWIC trading since August, though we are still shy...

CLO Market Trends/Electronic Trading

11/15/2022

CLO Market Trends: October 2022 Edition

Volatility continues to drive higher trading volumes, new issue is close to 2022 lows. Guest Speaker: Dagmara Michalczuk, Tetragon Credit Partners BWIC Volumes A shaky US economy continues to drive price volatility and as a result, trading volumes continue to...

CLO Market Trends/Electronic Trading

10/17/2022

CLO Market Trends: September 2022 Edition

Price volatility drives higher trading volumes and primary is up from summer lows. Guest Speaker: Komal Shahzad, PineBridge Investments BWIC Volumes Price volatility accounted for higher BWIC volumes, especially in Europe, where we saw the largest posted volume in 3...

CLO Market Trends/Electronic Trading

09/14/2022

CLO Market Trends: August 2022 Edition

Guest Speaker: Olga Chernova, Sancus Capital Management BWIC Volumes August BWIC volumes are down slightly from last month which was not surprising for a typical summer slowdown. BWICs traded were $2.13BN with $3.86BN posted, year-to-date volume is still tracking 46% higher...

CLO Market Trends/Electronic Trading

08/16/2022

CLO Market Trends: July 2022 Edition

Guest Speaker: Allan Fan, Credit Suisse Asset Management BWIC Volumes July BWIC volumes are down from last month due to the SF Vegas conference which took market participants away for a week and a general summer slowdown. With $2.26BN trades/ $3.34BN posted,...

CLO Market Trends/Electronic Trading

07/15/2022

CLO Market Trends: June 2022 Edition

Prices fall across the stack and new issue spreads continue to widen BWIC Volumes June BWIC volumes remained unchanged vs. May, with $3BN traded/ $5.69BN posted. YTD secondary BWICs are tracking at $19.93BN, 39% YoY increase. BWICs continue to be...

CLO Market Trends/Electronic Trading

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