electronic trading – Page 6

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,...

Electronic Trading

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...

Electronic Trading

11/15/2020

When is the Best Day to Hold a CLO BWIC?

The standard BWIC process is inherently inefficient; it requires humans to communicate frequently during a narrow window of time and with limited price transparency. The more human involvement there is in any process, the more potential there is for biases...

Electronic Trading

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)

Tag: electronic trading

CLO Equity is in for the Bid This Week

Is the Quarter-End DNT Spike Real?

When is the Best Day to Hold a CLO BWIC?

AMRs: Similar to BWICs?