Empirasign AxesJune 29, 2016
Empirasign Axe System
All Empirasign subscribers are now able to upload their Axes (indications of buy or sell interest) to an anonymous bulletin board which also links to our anonymous chat and email system. If you are interested in a posted bond, you can simply click to chat or email.
For easy integration with trading desk workflows, Axes can be uploaded via our Excel-based uploader. You can retrieve the Excel spreadsheet at the following URL: www.empirasign.com/site_media/docs/axe_loader.xlsm. For the more methodical, you can also post Axes via our web form: www.empirasign.com/post_axe/.
For full upload instructions, please see our Axes Documentation.
View active bid and offer Axes by clicking View Axes under the Axes menu header. Axes will be split into two tables, Buy Axes and Offer Axes. If you see an Axe you'd like to act on, you can click any one of the follow icons found under the Actions column on either table.
- Start an anonymous chat with poster
- Send an email to the Axe poster*
- Send the bond to your Bloomberg Terminal
- Add the bond to your Portfolio
Once a chat is requested, both sides will receive pop-up windows to initiate the chat. As Empirasign is solely providing the chat facilities and not functioning as a Broker/Dealer in any manner. However, should both parties like to effect a securities transaction they can then contact a Broker/Dealer they share in common. To make this step easier, when the chat window launches, it alert both participants which relationships they have in common should they look to do a trade. You can update your Broker/Dealer contact list here: www.empirasign.com/dealer_contacts
Screenshot of Broker/Dealer Contacts
Whenever you post an Axe or engage in a chat, a transcript of all activity will be sent to your corporate email address for easy capturing via already existing archival tools. No need to set up any new archiving interfaces or facilities.
Evaluated PricingJune 14, 2016
Evaluated Pricing Data
We are excited to announce the most recent enhancement to our Total Market Awareness program. Evaluated Pricing data from IDC and Thomson Reuters is now available at the click of a mouse on Empirasign's web product.
TR and IDC Evaluated Pricing are accessible on every BWIC and bond history page, and can be accessed under the Actions column on the far right (see image below). Upon clicking either pricing source's icon, an evaluation will appear in a pop-up.
Example Pricing Data:
See screenshot below for example evals for BOAA 2006-6 CB3.
Current Pricing Requests
In addition to integrating Evaluated Pricing into relevant search screens on our web product, we also offer a real-time report displaying today's Current Evaluated Pricing Requests. As our Trending Bonds and Popular BWICs page users have come to understand, sometimes the meta data is just as important as the data itself. Using this report, our users can get a sense of which securities the market currently considers tricky to evaluate. You can navigate to this page by clicking Current Evaluated Pricing Requests found under the List Metrics tab. Below, you will find an example screenshot of the page.
For both pricing vendors, IDC and Thomson Reuters, each Empirasign web user will receive 20 evaluated prices per month for free. If you would like more than than this amount, you can subscribe to a higher service level directly from Empirasign for an additional cost. For details on these higher service levels, please consult with your Empirasign sales representative. You can keep track of your freemium quota usage on the Evaluated Pricing Usage page.
Cross FinderFeb. 29, 2016
Our customers often load up client portfolios to their watch lists to find some easy trades off of BWIC matchers or offer sheet matchers. Now you can cross-link sub-portfolios to one another to find trade opportunities among your client base with the Cross Finder feature. Many institutions have such matching tools at the group level, and some enterprise vendors charge large fees to install such products, but Empirasign now puts this power in your hands at the click of a mouse. Hat tip to Alex K for suggesting this product enhancement to us. See below for an example demonstration of the Cross Finder feature, which can be found on your portfolio page.
Results of Cross Finder
Probable SellersFeb. 22, 2016
Using publicly available holdings data filed by mutual funds and insurance companies, we are often able to probabilistically deduce the seller of a BWIC. Our new Probable Sellers feature is the result of this analysis. We compute these probabilities using the Ipreo Holdings Database, which is enhanced with monthly updates provided to Morningstar from mutual funds. An example screenshot is found below. For more on the holdings database we use from Ipreo, please consult this link.
Empirasign London Now OpenDec. 3, 2015
To better serve our overseas clients, we have opened our first office in London. All London market runs and BWIC related data will now be processed in real time. You may have noticed this already by receiving your alerts earlier in the day. The London office will also give us a jump on any NY based data that is either distributed very early in the day or very late the previous day.
Commensurate with serving the London market better, our offer alerts have been extended to cover bid runs and two-way market runs. No changes need to made on your end other than making sure your portfolio page reflects the bonds you want to track. You can navigate to your portfolio page here: www.empirasign.com/portfolio/
CityPoint Building-12th Floor
1 Ropemaker Street
London, England, UK
+44 207 153 1079 (direct)
+44 208 875 4003 (voicemail)
If you require customer support during London mornings, please contact the numbers above. During New York business hours, it is best to reach us at the main office: +1 646-837-8848.
Empirasign Is Hiring
In addition to market data and client support staff in London, we are also looking to add a London-based salesperson. The job description can be found at the following link: www.empirasign.com/jobs/