Software provider Lewtan redesigned its asset-backed securities surveillance site, ABSNet, to provide a clearer picture of the underlying collateral in trades made by investors. Lewtan created ABSNet as a source of data, analytics, software and content for the secondary market. It overhauled the system though to provide new features, which were created from lessons learned during the financial crisis, the company said. ABSNet now provides end-of-day bond pricing and a new search tool, Bond Screener, that allows users to identify pricing and credit risk dislocations in the market. To get this, it compares original and current data on bond performance, ratings and prices. Users can also customize alerts to track “trigger data” for residential mortgage-backed securities. “With the new and redesigned ABSNet website, Lewtan continues to expand the depth of structured finance information that market professionals demand in order to manage and monitor their global portfolio,” Lewtan CEO Ira Keller said. “Lewtan is committed to supporting market transparency, by providing the global securitization industry with the most comprehensive, up-to-date surveillance data and analytical tools.” Write to Jon Prior. Follow him on Twitter: @JonAPrior
Tech firm redesigns site to grant investors clearer securities trading
Most Popular Articles
Latest Articles
Opinion: If you’re chasing volume, you’re chasing the wrong carrot
Producing $100 million in funded loans isn’t success; success is how much net income you made on that $100 million in fundings.
-
Why are existing home prices rising when sales are still so low?
-
FundingShield’s Ike Suri on the limits of AI in fighting fraud
-
Former academy resumes role as Funding Longevity Task Force
-
U.S. Treasury’s financial crimes network warns of elder exploitation
-
Floify integrates with verifications platform Truv