DealVector In The News

Top firms, industry leaders, and the press have all taken notice of DealVector’s innovative technology.

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Asset Securitization Report

DealVector gets strategic investment from Tradeweb

DealVector gets exposure to one of the largest buy side networks on the market. Tradeweb has over 2,000 institutions and 6,000 individual desks. “Each of these can benefit from the communication tools DealVector offers, as well as expand the reach of the DealVector network for all members,” said Mike Manning, DealVector’s CEO…Tradeweb, which has over 180 liquidity providers, will also allow DealVector to partner more closely with sell side accounts. “We envision working with these firms to develop tools allowing them to more easily source hard-to-find assets utilizing our award-winning identity-protected messaging.”

Manning said the alliance will accelerate DealVector’s growth globally. Currently, about 15% of the platform’s members are outside of the U.S., mostly in Europe. Tradeweb operates in 55 countries.

Waters Technology

Tradeweb Invests in DealVector to Grow Fixed-Income Suite of Solutions

Tradeweb Markets has made a minority investment for an undisclosed amount in DealVector, which provides an asset registry and communications platform for the fixed-income community.

 Simon Maisey, global head of business development for Tradeweb, says that this investment will allow the marketplace provider to add an additional service to its existing portfolio.

DealVector Logo

Tradeweb Markets Makes Strategic Investment in DealVector

Tradeweb Markets, a leading builder and operator of global fixed income, derivatives and ETF marketplaces, announced that it has made a strategic investment in DealVector, Inc., a leading fixed income asset registry and communication platform. The investment aims to enhance and leverage Tradeweb’s diverse network of liquidity pools, and help support new opportunities for DealVector’s innovative registry and anonymous, authenticated messaging solutions.

Talking bonds

Bondtalking

Sophisticated platforms are helping traders make money in the bond market, but the unstructured language around bonds poses challenges for automation.

Asset Securitization Report

How Technology Mitigated a Crisis in Student Loan ABS

May 3, 2017

Generous repayment plans have soured many investors on bonds backed by federally guaranteed student loans. But it could have been worse.

These programs slow the rate of repayment on Federal Family Education Loans, putting the bonds they back at risk of technical default if the securities fail to pay off at maturity. When Moody’s Investors Service and Fitch Ratings raised the alarm early in 2015, eventually putting some $100 billion of bonds under review for downgrade, the market sold off heavily. New issuance ground to a halt.

American Banker

How technology mitigated a crisis in student loan ABS

May 3, 2017

Yet Navient and Nelnet, the two largest student loan servicers, avoided downgrades on some $18 billion of FFELP bonds. They did so using a strategy that, at first, did not seem promising: extending the maturities of the bonds. While simple in principle, this solution was complicated by a requirement that 100% of investors in a tranche approve the change. Without consent from every single holder, no matter how small, an amendment cannot pass.

Their efforts were aided by DealVector, an online registry of asset ownership and messaging platform, which helped the two servicers identify holders and collect votes. Over the past year, the two servicers have sent about 165 tranches out for consent; some 60% of those were successful, and about 10% are still in process. The total original face value of tranches passed to date exceeds $18 billion.