- Integration attaches SCIs 35,000 historical Price Talks and Covers to bonds out for bid
- Saves investors time, and streamlines BWIC review workflow
DealVector, provider of the only secure electronic communication network to allow fixed income professionals to directly connect with authenticated participants in specific bonds, today announced the addition of secondary market pricing data from Structured Credit Investor’s (SCI) PriceABS service to their BWIC Board, a marketplace for BWICs where investors can view bid requests from across the market, set alerts for specific bonds or bond criteria, and respond directly to the broker of their choice.
For the next 30 days, investors registered with the marketplace will have free access to current and historical talk and cover prices from SCI PriceABS in the DealVector BWIC Board. Every time a bond comes out on BWIC, members will be shown available pricing history from SCI’s comprehensive database covering over 35,000 bonds. After 30 days, access will continue to be available to SCI PriceABS subscribers who also benefit from SCI News, and SCIWire which was recently launched to complement the PriceABS service
The inclusion of SCI PriceABS data is the latest addition to DealVector’s BWIC Board, which is posting $10 to 15 billion in weekly notional volume in the BWIC market. Since its launch in September the BWIC Board has contributed to a 50% jump in traffic to the DealVector website, offering investors a faster and more efficient way to review the dozens of BWICs that they receive, and generating targeted leads for participating brokers.
“With the addition of SCI PriceABS data, and plans to add more third party data to the platform, we are building Trulia for the bond market,” says Mike Manning, DealVector’s CEO and co-founder. “By providing investors the ability to automatically compare bonds against a wide range of metrics that reflect their personal investment strategies, we will surface buying opportunities that are missed in today’s highly manual screening process.”
“Integrating with DealVector’s platform makes our data even more relevant and actionable for our customers,” says John Owen Waller, SCI’s CEO and founder. “It provides them with information on the specific bond at the specific moment when they need it.”
Access to the BWIC Board continues to be free for both investors and brokers.