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

09/30/2020

Seix Mountain View XIV Auction DNTs Amid Wider Spreads

The September 29, 2020 AMR auction for Seix Mountain View CLO XIV concluded without any of the subject tranches receiving a margin reset. Although multiple bids were submitted significantly below the margin cap, demand was insufficient to fill the full...

Electronic Trading/Online Refinancing (AMR)

09/25/2020

AMRs: Similar to BWICs?

The AMR auction process is in many ways similar to the secondary BWIC (“bids-wanted-in-competition”) trading process for structured products. Yet, AMR offers additional improvements, mainly around the certainty of execution, which, as a result, should bring in more participation from...

Electronic Trading/Online Refinancing (AMR)

09/05/2020

September: CLO Secondary Market Trends

BWIC Volumes: September had the third-largest monthly BWIC volume in 2020 with a steady increase from July’s lull. US CLO BWIC Trends, 2020: TRACE VolumesTRACE reports all CLO trades involving FINRA members, including those done outside of BWICs. TRACE data...

Monthly Activity Reports

08/12/2020

August: CLO Secondary Market Trends

BWIC Volumes: August had the third-largest monthly BWIC volume in 2020, 33% higher than July’s. US CLO BWIC Trends, 2020: TRACE Volumes: TRACE reports all CLO trades involving FINRA members, including those done outside of BWICs. TRACE data confirm August...

Monthly Activity Reports

07/31/2020

July: CLO Secondary Market Trends

BWIC Volumes: After three months of increased trading activity to begin the COVID era, BWIC volumes dropped to pre-pandemic levels: $2.34/2.87 Bn traded/posted. US CLO BWIC Trends, 2020: TRACE Volumes: TRACE reports show July having the lowest CLO/CDO volumes of...

Monthly Activity Reports