Coefficient Markets

There are a lot of parallels between the digitization of air travel and what Coefficient is trying to do for the loan market.    The airline industry's technological leap forward started with aggregating structured data (our EPIC platform used by dealers to create runs) on flights directly from airlines (dealers) themselves. Sites like Expedia and Orbitz (EPIC Mirror for the buyside) normalized information from all of the different airlines (dealers) providing the foundation for the functionality we enjoy today.   Fast forward and we can now search by airline, alliance, aircraft, layover airport and more. Sites can show the least expensive fares to various destinations (runs). Date grids show flight pricing for entire months (axes) at a time and the price graphs to see overall trends for pricing on target itineraries.   Flyers (buyside traders) can receive notifications for price changes (movers) and new offers (liquidity) for itineraries (portfolios and watchlists) they are tracking, preventing the need to manually search multiple times a day. Flight data can be fed into algorithms (optimizers) or other travel planning platforms (Allvue Systems, LevPro.ai, Siepe, Valitana).   Sound familiar?    Coefficient Markets- Leveraging Relationships through Connectivity #electronictrading #fintech #leveragedloans #leveragedfinance

Shopping for practically anything in 2024 - cars, airlines, clothes, phones, computers, jewelry- is available online with incredibly detailed information, comparison tools and alerts. Why can't the same be true in loans?   Our EPIC and EPIC Mirror platforms do exactly that. Dealers use EPIC to generate their runs so we always have the most up to date levels without any extra steps. EPIC Mirror displays this information to the buyside customized for each portfolio and watchlist with filters specific to the loan market. It feeds those same runs directly to Allvue Systems, LevPro.ai, Siepe, Valitana or any internal system so the entire organization- portfolio managers, analysts, operations and compliance alike- can have that same information at their fingertips intraday.    The biggest impediment to growing loan trading is a lack of standardized, high quality, digital data on prices and liquidity. Let us help you find the trades you want to do and pair you directly with the dealer best axed to execute.    Coefficient Markets - Leveraging Relationships through Connectivity. #electronictrading #fintech #leveragedloans #leveragedfinance

Great to see the momentum our partner Coefficient Markets has achieved in electronifying the loans market. A shout out to Brian Callahan, Kelcey Coffin, Grant Wilson and the Etrading Software Ltd team supporting them.

“Our tools analyze liquidity data for both sides, identifying overlooked opportunities amidst the traditional analog exchange between dealers and clients” - Brian Callahan #electronictrading #fintech #leveragedloans #leveragedfinance

Our CEO Brian Callahan looks forward to joining this discussion on Thursday 26th September at the LSTA Annual Conference. #electronictrading #fintech #leveragedloans #leveragedfinance

We loved the feedback we got from a buyside client doing their first trade with us today so much we wanted to share: "That was fun. Almost too easy. But I guess that is the point..." Our EPIC Mirror interface filters through the noise of 15,000 runs per day to get you where you want to be. Come see how easy it really is. #electronictrading #fintech #leveragedloans #leveragedfinance

We are excited to announce the promotion of Kelcey Coffin to Chief Product Officer at Coefficient Markets. Kelcey brings a unique blend of expertise to this role, combining her years as a buyside loan trader with her experience in technology product management. With firsthand knowledge of the market, she possesses an exceptional ability to understand the needs of our sell-side dealer and buy-side manager clients and translate them into innovative technology solutions that drive value for all. Please join us in congratulating Kelcey on this well-deserved promotion. #electronictrading #fintech #leveragedloans #leveragedfinance

We are pleased to announce that we have successfully completed the launch of our netting protocol for dealers in the broadly syndicated loan market. Six major banks participated in our first sessions by submitting long and short positions they were interested in reducing. We anonymously matched offsetting interest and facilitated the intermediation between the banks. The trades were all struck at the official end of day price determined by S&P Global Market Intelligence.   This process not only reduces balance sheet costs for the banks but also enables open trades to settle more quickly, benefiting both our dealer participants and their buyside clients.    We would like to thank the banks who have supported this initiative as well as S&P Global Market Intelligence for providing the independent mid market price at which the trades were executed. We look forward to increasing both the breadth and depth of this service in the months ahead.

Repricings have your loan identifiers out of whack? The LSTA/Coefficient Markets Loan Identifier Cross Reference (LICR) service can put them all back into alignment! #electronictrading #fintech #leveragedloans #leveragedfinance

Great to be in the conversation today about improving identifier management in the loan market and very excited to be rolling out the new LSTA/Coefficient Markets Loan Identifier Cross Reference (LICR) service. We hope to get loan identifiers synchronized market wide on a daily basis. Reach out to learn more.