Empirasign Blog: Recent Posts

Recent Blog Posts:

Social Surveyor

March 4, 2014

We are pleased to announce the new Empirasign Social Surveyor

What It Is, How It Works
Our bot scans through your LinkedIn network's endless stream of updates looking for change events. In our business change is opportunity--either for you or for someone else. With the Empirasign Social Surveyor at your side, you can stay ahead of these changes. Some of the things we monitor are your connections' new jobs, and new connections. A friend of my friend can be a business opportunity, or a business challenge. Either way, this is information you need to know. Empirasign presents this information to you in a timely, clean, and actionable format.

Step 1: Enable Empirasign to Read Your LinkedIn News Feed
Navigate to the authentication page. This page can be found under My Stuff -> Social Surveyor -> Authenticate LinkedIn under the top Navigation Bar. Or you can simply point your browser to the following URL: www.empirasign.com/linkedin_auth

Once there click on the authentication link (circled in red below). Your browser will be redirected to the LinkedIn website. There you will be told what permissions you are giving Empirasign's bot (as shown in the second screenshot below). If you agree with the permissions granted, please log in using the email and password combo you usually use when logging into LinkedIn. If successful, your browser will then redirect you back to Empirasign's website. It should be clear that you first need a valid LinkedIn account to utilize the Empirasign Social Surveyor.

Screenshot of authentication page on Empirasign website
Screenshot of authentication page on Empirasign website

Screenshot of authentication page on LinkedIn website
Screenshot of authentication page on LinkedIn website

Step 2: View My Social Data
The Empirasign Social Surveyor bot runs periodically throughout the day so you may not immediately see results for your Social Data.

New Connections Report
Your first degree connections show up on the left hand side of the table below, and the new second degree connections show up on the right hand side. To view anyone's LinkedIn profile page, simply click on the headline field in the table. To view this report, navigate your browser to My Stuff -> Social Surveillance -> LinkedIn Connections, or simply go to the following URL: www.empirasign.com/linkedin_conns

Sample New Connections Screen
Sample New Connections Screen (click to enlarge)

New Jobs Report
This report shows which of your connections have recently changed jobs (either new job title, or new company). As with the New Connections report, click on the Headline field to be directed to that person's LinkedIn profile page. To view this report, navigate your browser to My Stuff -> Social Surveillance -> LinkedIn Jobs, or simply go to the following URL: www.empirasign.com/linkedin_jobs

Sample New Jobs Screen
Sample New Jobs Screen (click to enlarge)

The tables in both reports are sortable by clicking on the header field of the column you want to sort by.

It is important to note that Empirasign will not post to your LinkedIn Feed, and we will never externally release any of the data we collect from LinkedIn for you.

BWIC Watcher

Jan. 27, 2014

What It Is, How It Works

To engage the BWIC Watcher simply click on the HAL 9000-looking icon (circled in red below). This icon appears at the top of every BWIC screen. A pop-up dialog box will confirm that the watcher has been engaged. To turn the BWIC Watcher off, click on the same icon again. As an aside, clicking on the nearby envelope icon will send you a nicely formatted email of the current BWIC with any available Trade Color and Price Talk.

how to engage the bwic watcher

When viewing a BWIC that you're already "watching," it will be noted as seen in the screenshot below.

screenshot of bwic being watched

Whenever Empirasign updates (new or additional Price Talk or Trade Color) a "watched" BWIC, you'll receive an alert to your Bloomberg or email. An example alert is shown below. On January 16th, I used the BWIC Watcher to keep tabs on the ING Liquidation.

sample watched bwic update

With the Empirasign BWIC Watcher at your side, you'll never be late to the trade.

Bids Offers Markets

Dec. 13, 2013

Empirasign is proud to announce that we have added two new datasets to our product. Bids and two-way markets from Dealer Runs are now being captured and parsed.

A Brief History of Our Datasets
Empirasign started indexing BWIC data (price talk and covers) in March 2010. In January 2011, we added Dealer Offers to extend our data set. In Summer 2012, we added Structured Products for UK and EU. In June 2013, we added Agency Fixed Rate Specified Offerings. In addition to these real time datasets, we have a historical market data product as a separate product offering. This dataset comprises the time period 2003 - 2009. It's great for long time series work in risk and academia.

Where to Find The New Data
Any time you search for a bond, up to four results tables are returned (BWICs, Markets, Bids, and Offers). The new data sets can also be found by selecting Dealer Offers under Find Bonds on the top navigation bar. Up to three results tables will be shown on this page (Markets, Bids, and Offers). The Dealer Offers page will be soon renamed Dealer Runs to better reflect the extra data displayed.

Example Query:
When searching for RNBLG 1 A (Auto Lease), you'll be taken to the following results page: http://www.empirasign.com/cusip/XS0909321951/ (login required)

Query Screenshot with BWIC, Market, Bid and Offer data (click to enlarge)
Auto Lease Query showing dealer bids, offers and markets

IPV and Valuation Use Cases
Using bid and bid/offer data is great for valuation and Independent Price Verification (IPV) work as you can now easily back up your mark to mid or mark to bid methodologies with real world data. Recording and studying the distance between bid and offer prices can produce real usable metrics for those in risk trying to get a better handle on both market liquidity and VaR.

More Data
These new data sets will dramatically increase the amount of data we capture. In EU and UK, our users can expect at least a five-fold increase in data captured per day. In the US, sending out bids and markets is not as prevalent in most sectors. However, in CMBS and ABS our users will see a big jump in data.

API integration
These new data sets are also available via API. Just add bid_side=true to your query string to retrieve the new data, or just download the new spreadsheet here: Excel download icon

Nobody works harder than Empirasign to make you more effective at your job. If there's anything we can add, or enhancements we can make, please feel free to reach out to us.

Wildcard Searching

Nov. 12, 2013

The search box at the top of every page now accepts the wildcard characters ? and *. Use ? to match any single character and * to match single or multiple characters 0 or more times. This feature is particularly useful when searching for deals that exist in 144A, Reg S and SEC registered forms. By entering the search term LCM 14* you'll get results that exist in any version of the deal. i.e. LCM 14A (144A), LCM 14X (Reg S), and LCM 14I (SEC). Another example: To find data on all the AJ tranches in 2007 BACM deals, enter the following search term: BACM 2007-? AJ. A screenshot of this particular search is below.

example ticker search with wildcards

Caveats and Gotchas
For any incomplete ticker search (i.e. missing tranche and/or deal series), a * wildcard will be auto-inserted at the end of the search string. For example, if you search on "WAMU", the actual search query that will run is "WAMU*".

Follow these links if you want to read more about wildcards and globbing.

Enhanced BWIC Alerts

Nov. 7, 2013

Context is King

Empirasign has been offering its clients BWIC Alerts for almost two years. Now we have made these alerts Context Aware. Every alert now shows recent trade color, price talk and dealer offering data for the alerted bond. You'll be armed with relevant market data from Empirasign without even having to log in. An example BWIC Alert in the new format is displayed below. The new market data is circled in red.

sample BWIC alert with contextual information

Start adding bonds to your portfolio today. A simple copy/paste is all it takes. Portfolio bonds will automatically link to our alerts system. Free Trials can store up to 500 line items and paid users are unbounded. Bonds can be organized into any number of sub-portfolios. Context Aware Offer Alerts are also now available.

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