Empirasign Blog: Recent Posts
Quote BuilderSept. 29, 2017
Empirasign Quote Builder
One of our goals at Empirasign is to automate and accelerate your workflow with the end goal of driving more transactions. Our latest product offering allows you to combine the power of your market insights with Empirasign Data at the click of a mouse.
Our new Quote Builder automatically compiles the most recent market observations for a bond into an email message optimized for viewing in a Bloomberg Terminal.
Simply click a button, and you have an email form prepared with a bond's most recent:
- BWIC Activity, including
- Price Talk and Trade Color
- Dealer Bids
- Dealer Offerings
- Dealer Two-Way Markets
Support your price quotes and axes with impartially sourced market data observations.
Quote Builder Overview
The Quote Builder can be used in a variety of ways. For example, say you have the bond DRSLF 2013-26A E that you want to offer to your client, Ivana Buyalot. While looking up that bond in Empirasign, click the Quote Builder button, found on the top of the bond history page (as shown below).
Once on the Quote Builder form, simply add your Subject, Price Quote and any relevant Notes and then hit Send. You'll notice all the most recent trade history for the bond is already compiled for you in Bloomberg compatible tables for quick and easy data digestion to show and support your pricing rationale.
Alternatively, say you noticed bond DRSLF 2013-26A E just traded and you hold a similar bond, ARES 2015-1A D, you would like to offer to Ivana instead. Click on the Quote Builder button at the top of DRSLF 2013-26A E's page and fill in the fields with your quote for the similar ARES bond. Efficiently harness Empirasign's impartial market data to capitalize off recent transaction data and support your offer price.
After hitting send, you'll see your persuasive and nicely formatted email in your Bloomberg inbox to distribute to your clients, as seen in the example screenshot below.
With the Quote Builder, you will work smarter, not harder.
MiFID II and Quote Builder Applications
Empirasign Data is deep, comprehensive and unbiased. Put simply, regular use of the Quote Builder as a pre-trade tool will satisfy your best execution obligation under MiFID II.
January 1st is right around the corner. Get started using the Quote Builder and Empirasign with a Free Trial.
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Empirasign is the leading data provider in the structured product market. Our market history spans back to 2010, providing a comprehensive market overview. Empirasign neither buys nor sells bonds, meaning our data is an unbiased, impartial dataset available for your reference. In 2016 alone, we indexed over 17,900 Bid Lists and over 2.1 million unique dealer, bids, offers, and two-way markets.
Customize Your News FeedAug. 2, 2017
Monitor the Sectors You Care About
The News Feed, in the upper right hand corner of the Homepage, has long been displaying updates for all market sectors. Now you can customize your settings to see updates only for the sectors you care about.
Simply head to Update News Feed Sectors, under My Stuff in the menu bar. Here, select the sector(s) of your choice and click Save and your news feed will automatically update with your selection(s). Navigate back to the Homepage to see your customized alerts.
Tips & Tricks:
If you click on the News Feed antenna icon, a smaller pop-up News Feed window will appear for you to keep open, allowing you to monitor your market alerts while preserving valuable screen real estate.
Empirasign CRMJan. 6, 2017
Better information, displayed at the right place and the right time, represents one of Empirasign's core tenets. Our latest product enhancements, detailed below, are illustrative of this. And with added data sharing capabilities, Empirasign's Total Market Awareness program has entered the CRM arena.
On any current BWIC page you can now request a bid from your counterparty contacts or record one on their behalf. See screenshot below of the appropriate buttons. If you do not see these buttons, please contact your Empirasign representative to be enabled.
If you choose to record bids on a contact's behalf, you will be directed to a web form to do so. If you request bids directly from a client, they will be sent a link to a similar web form. Your counterparty contacts do not need to be Empirasign customers to record data via these forms. A screenshot of the results of such data entries is shown below.
N.B. The Empirasign Bid Collector is not a transaction engine, it is a data collection engine.
Empirasign never forgets and now neither will you. Any data collected via the Bid Collector feature will populate with normal search results, alongside our BWIC and Dealer Runs. After all, what good is all this information if it is not readily available when and where you (and your team) need it? Which brings us to our next point.
Share the Data
All the data you or your colleagues collect via Bid Collector or Empirasign MyData (refresher below) can be shared at your discretion among your colleagues. Data sharing allows a whole team to amortize or allocate the tedious process of recording market observations. Example data sharing screenshot below.
The Empirasign MyData feature has been around for over two years. The latest enhancement is any data uploaded is now shareable with all your colleagues.
With Empirasign MyData, we bring Excel data integration to every web client. Empirasign will auto-parse your spreadsheets to grab the relevant information and display it alongside any bond query you run on the Empirasign website. With MyData, every Empirasign user can easily surface and incorporate valuable data currently stored, and perhaps hidden, in Excel.
Example from Valuation Work:
Below is a screenshot of a fictional spreadsheet being used by a fictional client for internal valuation purposes. The example shows some data being maintained about a particular bond. After uploading this spreadsheet via the MyData page, every time the client searches for a bond on Empirasign their search results will encompass both Empirasign data and any matching bond from their spreadsheet(s).
Sample Search Results (MyData Circled in Red):
Get and stay ahead of the market with Empirasign's new CRM capabilities. Should you have any questions or would like a demonstration on how to best apply these features and functions to your regular business processes, please reach out to us:
Empirasign AxesJune 29, 2016
Empirasign Axe System
All Empirasign subscribers are now able to upload their Axes (indications of buy or sell interest) to an anonymous bulletin board which also links to our anonymous chat and email system. If you are interested in a posted bond, you can simply click to chat or email.
For easy integration with trading desk workflows, Axes can be uploaded via our Excel-based uploader. You can retrieve the Excel spreadsheet at the following URL: www.empirasign.com/site_media/docs/axe_loader.xlsm. For the more methodical, you can also post Axes via our web form: www.empirasign.com/post_axe/.
For full upload instructions, please see our Axes Documentation.
View active bid and offer Axes by clicking View Axes under the Axes menu header. Axes will be split into two tables, Buy Axes and Offer Axes. If you see an Axe you'd like to act on, you can click any one of the follow icons found under the Actions column on either table.
- Start an anonymous chat with poster
- Send an email to the Axe poster*
- Send the bond to your Bloomberg Terminal
- Add the bond to your Portfolio
Once a chat is requested, both sides will receive pop-up windows to initiate the chat. As Empirasign is solely providing the chat facilities and not functioning as a Broker/Dealer in any manner. However, should both parties like to effect a securities transaction they can then contact a Broker/Dealer they share in common. To make this step easier, when the chat window launches, it alert both participants which relationships they have in common should they look to do a trade. You can update your Broker/Dealer contact list here: www.empirasign.com/dealer_contacts
Screenshot of Broker/Dealer Contacts
Whenever you post an Axe or engage in a chat, a transcript of all activity will be sent to your corporate email address for easy capturing via already existing archival tools. No need to set up any new archiving interfaces or facilities.
Evaluated PricingJune 14, 2016
Evaluated Pricing Data
We are excited to announce the most recent enhancement to our Total Market Awareness program. Evaluated Pricing data from IDC and Thomson Reuters is now available at the click of a mouse on Empirasign's web product.
TR and IDC Evaluated Pricing are accessible on every BWIC and bond history page, and can be accessed under the Actions column on the far right (see image below). Upon clicking either pricing source's icon, an evaluation will appear in a pop-up.
Example Pricing Data:
See screenshot below for example evals for BOAA 2006-6 CB3.
Current Pricing Requests
In addition to integrating Evaluated Pricing into relevant search screens on our web product, we also offer a real-time report displaying today's Current Evaluated Pricing Requests. As our Trending Bonds and Popular BWICs page users have come to understand, sometimes the meta data is just as important as the data itself. Using this report, our users can get a sense of which securities the market currently considers tricky to evaluate. You can navigate to this page by clicking Current Evaluated Pricing Requests found under the List Metrics tab. Below, you will find an example screenshot of the page.
For both pricing vendors, IDC and Thomson Reuters, each Empirasign web user will receive 20 evaluated prices per month for free. If you would like more than than this amount, you can subscribe to a higher service level directly from Empirasign for an additional cost. For details on these higher service levels, please consult with your Empirasign sales representative. You can keep track of your freemium quota usage on the Evaluated Pricing Usage page.
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