All MBS market participants can now participate on an electronic and app based platform that expedites the exchange of To-Be-Announced Mortgage-Backed Securities (TBAs). Despite the rise of electronic trading and digitization of financial services, MBS trading has largely been conducted over the phone. Per the MCT Implementation Study, phone-based trading is slow and impractical in generating numerous competitive bids. Agile has launched a new, electronic way to quote MBS through a browser-based platform that digitizes the process of buying and selling TBAs.
We’re democratizing electronic trading to the broker-dealers. We’ve replaced the phone process. You can now select and request your best bid with one click. Studies have shown the industry will benefit from a migration from the phone-based process to an online program. Clients have shared this is a superior way to trade.
From Agile President, Greg Vacura
Agile enables the user to efficiently generate more competitive bids compared to legacy phone-based processes. This powerful platform integrates smoothly with existing processes. Lenders can request trades from any device, anywhere.
As Agile builds on its mission to digitize TBA MBS trading, the addition of messaging functionality on our electronic MBS platform has been designed to help close the gap between trading counterparties and encourage a sense of
community.
Agile Chat helps lenders and dealers to…
Brent Giese,
Executive Director of Fixed Income
Daiwa Capital Markets America
“Working with Agile has been very productive and beneficial to Daiwa’s growing mortgage banking sales franchise. With access to many qualified mortgage originators, the platform provides an efficient means to reach significant volumes. The technology is advanced and allows for effective performance feedback while their straight though processing capability eliminates costly trade errors. Simply put, I have been very impressed and am thankful to have this valued partnership.”
Brent Giese is an Executive Director with Daiwa Capital Markets. He has over 35 years of professional experience working in capital markets and fixed income.
Brent Giese,
Executive Director of Fixed Income
Daiwa Capital Markets America
“Working with Agile has been very productive and beneficial to Daiwa’s growing mortgage banking sales franchise. With access to many qualified mortgage originators, the platform provides an efficient means to reach significant volumes. The technology is advanced and allows for effective performance feedback while their straight though processing capability eliminates costly trade errors. Simply put, I have been very impressed and am thankful to have this valued partnership.”
Brent Giese is an Executive Director with Daiwa Capital Markets. He has over 35 years of professional experience working in capital markets and fixed income.
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.
