Coefficient Markets Completes its First Electronic Loan Trade
The trade was executed directly between traders on the buy-side and sell-side, using Coefficient Markets’ EPIC and EPIC Mirror platforms.
New York, NY – January 23, 2023 – Coefficient Markets (“Coefficient”), a leading financial technology provider for leveraged loans, today announced that it successfully executed its first trade using its EPIC and EPIC Mirror products.
A buy-side trader utilized Coefficient’s EPIC Mirror system to engage an axe posted by a dealer. His sell-side counterpart then received and executed the trade engagement directly from within the EPIC interface used to create the axe itself. “This is the first of what we hope to be many transactions executed using our end-to-end connectivity,” said Brian Callahan, Chief Executive Officer of Coefficient. “This trade ushers in what we aspire will be a new ecosystem for electronic trading that adds intelligence, efficiency and value to both sides of the market.”
Coefficient is currently in discussions with multiple parties for installation of both its EPIC and EPIC Mirror products and looks forward to announcing additional milestones in the coming months. Last year, Coefficient announced a strategic partnership with Allvue Systems to integrate its market pricing and liquidity data into their Front Office solutions. More information about the company and its products are available on their website: www.coefficientmarkets.com.