Popular BWICs

May 23, 2013

Empirasign Clients can now easily keep track of where the action is with our Popular BWICs page. You can navigate there by selecting Popular BWICs under ListMetrics on the Top Nav Bar. Or you can head there directly by following this link: www.empirasign.com/popular/bwic

Sample Sceenshot
screenshot of recent popular BWICs

The page conveys the same basic information as any of our sector home pages with the addition of a Pop Score field. The most often viewed BWIC is set to 100 and all other BWIC page activity levels are expressed as a fraction thereof.

Coming as no surprise to many, the big Fannie CMBS sale and Lloyds Picard liquidation take the two top positions in the above example from Wednesday, May 22.

Coming Soon: You'll be able to see the most watched BWICs over different time frames (e.g 1 week, 1 month, etc.) The current default time frame is the last three business days.

Keep up with Empirasign in the Media:
Lloyds Said to Plan $8.7 Billion Sale of U.S. Mortgage Bonds, 5/23, Bloomberg News
Big RMBS Sale Tests Steamy Market, 5/22, WSJ Blogs
Mortgage Bond Poised to Set a Dubious First, 5/17, Wall Street Journal (subscription required)

Offer Alerts

April 25, 2013

Empirasign user portfolios have long linked to both our BWIC Alerts and Daily Recaps services. We are proud to announce we have extended our Alerts service to Dealer Inventory Offerings as well.

How it works: After each upload of daily offerings, we run a matching program that searches for matches between the most recent batch of offerings and the bonds a user has stored in his or her portfolio. Whenever a match or matches are found, an email is composed and sent to your Bloomberg or corporate email address. You don't need to be logged into Empirasign to receive these alerts.

Sample Offering Alert
bonds in your portfolio that are being offered right now

Get started by adding bonds to your portfolio. It's as simple as cutting and pasting a column of cusips or ISINs from Excel. Both the number of bonds you can store and the number of sub-portfolios you can set up are unbounded.

sample portfolio screenshot portfolio showing recent bwic and offering activity

Portfolios now seamlessly handle all US and EU-based structured product. i.e. ISINs are recognized as identifiers and matched by our various alerts systems.

Your portfolio can be found here: www.empirasign.com/portfolio.

Improved Excel Presentation

March 25, 2013

A new version our Excel downloader is now available. The core functionality remains the same, but a few pesky presentation issues have been resolved.

Prices vs Dates: 12-04 is an entirely valid price for a derivative, but Excel will almost always convert this to the date 12/04/13. Based on a data extraction's header row, our downloader now pre-sets text columns to Text and number columns to General so this problem no longer occurs. Excel VBA masochists are free to read more on choosing different data types for each column when peforming a TextToColumns operation here.

Variable Column Widths: Columns widths are now AutoFit so the contents of all columns can be easily read while minimizing screen space used. Thank you Sam, whose suggestion lead to this change.

To download the latest version of the spreadsheet, head on over to our MBS API Product Page: www.empirasign.com/api-mbs

To get set up with an API Free Trial ID, please email us at: info@empirasign.com.

Empirasign Direct

March 14, 2013

Has the Market Data budgeting and procurement process got you down? Do you feel like you could trace early man's journey from the Rift Valley to Patagonia quicker than it takes to get a piece of software installed at work?

If so, you'll be happy to hear you can now do an end run around the bureaucracy with Empirasign direct to consumer contracting and billing. Enjoy the benefits of Empirasign without the headache of dealing with budgeting, procurement, legal and the umpteen other people who must sign off on what is effectively a minor expense.

Benefits of Direct to Consumer Billing and Contracting:
  • Simple contract that is immediately cancelable if your organization later signs a contract for the service.
  • Credit card billing--no checks to write.
  • Web license is $500/month.
  • The fees you pay to Empirasign are tax deductible as an Unreimbursed Employee Expense.
For a more extensive discussion on Unreimbursed Employee Expenses please consult the following links:

Register now for a Two Week Free Trial to Empirasign: www.empirasign.com/register

Offer Spread Changes

Feb. 27, 2013

We are proud to announce additions and enhancements to our Inventory Offering Spread Changes report. With this report, you can easily spot and put a fine point to market trends by measuring how dealers are moving their offering levels day to day.

How it works: For a given sector, we look at all the bonds offered today and all the bonds offered the previous business day. For the set of bonds offered on both days we enumerate how many are offered unchanged, wider, or tighter. The results are displayed in both graphical and tabular formats on the report.

Getting started: Navigate to the market sector report you are interested in. These reports can be found on the Navigation Bar under ListMetrics/Offering Spread Changes.

Navigation screenshot
how to navigate to the report

On the report page, a chart displays spread movements over time. Below the chart is a table displaying the actual unchanged, wider, and tighter totals for each trading day. Clicking on any bar on the chart (as shown below), or any cell in the table (also shown below) will open a detailed report showing the actual bonds offered for the selected day/change type combination.

Sample Chart showing daily spread changes for Last Cash-Flow CMBS seniors chart of offering spread changes

Table showing line item counts for daily spread changes for Last Cash-Flow CMBS seniors
table of line item counts for lcf offering spread changes

Detailed Last Cash-Flow CMBS Report example
cmbs lcf offers for Feb 13 vs prevous day Current Sectors Covered by These Reports:
Agency ARMs: www.empirasign.com/inv_spreads/agarm
LCF CMBS: www.empirasign.com/inv_spreads/cmbs_lcf/

Additional sectors are coming soon. Please contact us to move your favorite sector to the top of the heap.

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