Empirasign Blog: Recent Posts
Collaborative SearchOct. 9, 2018
Utilizing an item-based recommendation system similar to those employed by Amazon and Netflix, Empirasign now suggests other bonds that you may be interested in based on BWIC contents, proprietary aggregated search history, and site traffic from our worldwide user base. These search recommendations are self-organizing and don't depend on any outside reference data, market levels, computed or theoretical cash-flows. The only input is Empirasign users' collective actions. Such recommendations, when available, display on all single bond search results pages. Example screenshot below.
How does it work?
The algorithm is relatively simple (albeit computationally intensive) and largely based on a retrospective of Amazon's recommendation system techniques published in the IEEE Internet Computing journal. That being said, the secret sauce is really the data. Very few players in the market have the collective and real-time aggregated bond search history to calculate such metrics and recommendations. Even so, these algorithms are such data hogs and the number of Structured Product bonds is so high (about 3,000,000) relative to the number fixed income market participants, a collaborative algorithm can only generate recommendations on about one-half of all searches.
Price Talk PlotsMay 30, 2018
Attack the Data Deluge with Price Talk Visualizations
Often times, there's just too much data to digest in tabular form and a plot would better elucidate what's actually going on in the market.
To these ends, for any BWIC with price talk from five or more dealers, box plots and dot plots can be generated. Icons for these plots will be displayed on any applicable BWIC page (as shown in screen shot below).
Click on the dot plot icon, and you'll be taken to a chart page (as seen below).
Or click on the box plot icon, to see the price talk data rendered in box plot form (as seen below).
Tips & Tricks:
Box and Dot plots can be generated at the single bond level as well. Just click on the Box Plot or Dot Plot icon that appears on the Price Talk table pop up (example screenshot below).
Desktop NotificationsNov. 29, 2017
Empirasign Alerts now make use of the browser Notifications API
The Notifications API allows web pages to control the display of system notifications to the end user. These are outside the top-level browsing context viewport, and therefore can be displayed even when the user has switched tabs or moved to a different application. The API is designed to be compatible with existing notification systems, across different platforms.
Why You Should Allow Empirasign Notifications
The new Empirasign desktop notifications are much like your phone's push notifications. Irrespective of the state of your Empirasign browser window (maximized, minimized, or partially obscured), as long as you are logged in, the alerts will pop-up in the corner of your desktop above any other windows. Alerts via this method will keep you updated with the most recent market activity you care about without impairing your regular work processes or sacrificing valuable screen real estate. The types of alerts covered are:
When you click on any notification, you will be automatically directed to the relevant page on Empirasign or to your Alerts page for more information.
Example Empirasign Notification:
How to Enable Your Alerts
Upon logging in, you should see a pop-up asking whether you would like to Allow or Block notifications from www.empirasign.com. Promptly select Allow, and you are all set! Furthermore, ensure that your watch list is set to the bonds you care about on your portfolio page.
If you missed this step or initially chose Block and have since seen the light--you can still adjust your browser settings to allow the notifications.
Updating Your Browser Settings:
- You may click the i/info icon at the beginning of your address/URL bar for a drop down list of current settings. There, find Notifications, and update that setting to Always allow on this site.
- Or, read here how to update your settings from the main page: https://support.google.com/chrome/answer/3220216
- You may click the i/info icon at the beginning of your address/URL bar for a drop down with your Permissions for Empiraisgn and your current notification settings. To change your settings, select the X in the bottom right corner and reload the page to reset your choice.
- Or, read here how to update your settings from the main window: https://support.mozilla.org/en-US/kb/push-notifications-firefox
Please note, Internet Explorer does not support push notifications. However, we have a fall-back system in place for IE users. Notifications will populate in the upper right corner of any logged in Empirasign web pages. Other desktop brosers that support notifications include Microsoft Edge, Opera, and Safari. More information can be found here.
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.
We can be reached at:
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.
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