10/29/2021 CLO Equity Liquidity Rises While October started out slow, the second half of the month saw over $660 million of equity in for the bid bringing the total to $780 million. Half of the volume has been this week with $348.5MM of CLO equity... Categories Electronic Trading
10/28/2021 Five takeaways from the Future of Fintech Panel at SFVegas Syndication is getting electronified Technology makes syndication more efficient while reducing fixed costs. Using online platforms, including Alternative Trading Systems (ATSs), syndication activities can be conducted at a fraction of the historical cost, while increasing the speed and accuracy for... Categories Conferences
10/25/2021 CLO Equity is in for the Bid This Week Investors are eyeing several sizeable CLO equity BWICs taking place over the next several days. Data from the KopenTech BWIC platform shows that over $100 million in CLO equity on Monday, October 25th, over $60 million on Tuesday, October 26th,... Categories Electronic Trading
10/13/2021 CLO Secondary Market Trends: September 2021 Edition BWIC Volumes September BWIC volumes were muted, with posted BWICs totaling just over $2.0 Bn and traded at $1.8 Bn. Posted and traded volumes continue in close tandem, with over 90% of posted BWICs trading during September. This trend is... Categories CLO Market Trends
09/15/2021 CLO Secondary Market Trends: August 2021 Edition BWIC Volumes August BWIC volumes dropped significantly in comparison to July. Posted and traded volumes were $1.55 Bn and $1.33 Bn, respectively. The trend of high ratio of successful BWICs continued in August. TRACE* Volumes Reported CLO trading volumes were... Categories CLO Market Trends
08/12/2021 CLO Secondary Market Trends: July 2021 Edition BWIC Volumes July BWIC volumes dropped significantly in comparison to June. Posted and Traded volumes were $2.03 Bn and $1.83 Bn, respectively. We also saw a continuation of the trend of high ratio of successful BWICs continue in July. TRACE*... Categories CLO Market Trends
08/05/2021 Is the Quarter-End DNT Spike Real? Is the Quarter-End DNT spike real? KopenTech researchers investigated whether or not a spike in DNT’d CLO securities exists on quarter-end months as compared to non-quarter-end months. The investigation concluded that there is significant evidence of a persistent DNT Spike... Categories Electronic Trading
07/14/2021 CLO Secondary Market Trends: June 2021 Edition BWIC Volumes June BWIC volumes continued to rise since April’s low. Posted and Traded volumes were $3.39 Bn and $3.08 Bn respectively. We also saw the trend of high ratio of successful BWICs continue this month. TRACE* Volumes Reported CLO... Categories CLO Market Trends
06/09/2021 CLO Secondary Market Trends: May 2021 Edition BWIC Volumes May Posted and Traded BWIC volumes were below the 12-month average, at $3.11 Bn and $2.77 Bn respectively. Despite lower volumes, there was a high ratio of successful BWICs this month. TRACE* Volumes CLO trading volumes in May... Categories CLO Market Trends
05/07/2021 CLO Secondary Market Trends: April 2021 Edition BWIC Volumes April’s Posted and Traded BWIC volumes were both slightly lower relative to March. Volumes fell $1.4 Bn and $500 mm respectively. Despite decreased volumes, over 93% of posted BWICs traded in April, indicating robust demand for the asset class. TRACE*... Categories CLO Market Trends