In this latest interview with Greg Vacura, he explains what limit orders are, how they work on Agile, potential use cases, how this pricing strategy can give lenders certainty with specific locks, as well as other benefits for both lenders and broker dealers.
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Watch the video to learn more about limit orders from Agile’s president, Greg Vacura.
"Lenders can request the limit order on fringe products as an additional beneficial option in their trading."
On October 15, 2024, Agile announced the launch of limit orders, a new quote request type for the To-Be-Announced mortgage-backed securities (TBA) market.
Limit orders allow traders on Agile to request a specific price level, rather than conducting an open-ended bid process, giving them greater confidence and freeing precious time, especially during periods of market volatility.
Agile brings together lenders and dealers of all sizes onto a single platform. Agile facilitates the exchange of TBA MBS by securing and automating communication between mortgage lenders and broker-dealers. Agile digitizes the historically phone-based process to an electronic platform which may improve profitability and efficiency, while reducing administrative errors. Through its competitive TBA RFQ digital platform, mortgage lenders gain access to national and regional broker-dealers previously inaccessible on digital platforms, while broker-dealers gain access to an ever-growing network of lenders. Based in Philadelphia, Agile Trading Technologies supports a national network of clients with a team of capital markets professionals who have deep trading experience at financial organizations of every size.
*Agile is not available for retail natural person investors.
We believe that a transparent market is a better market, for all industry participants. This is why we’ve created a revolutionary electronic MBS platform that brings together mortgage lenders and broker-dealers of all sizes.
Because every counterparty deserves access to a fair, efficient and transparent marketplace.
