New Issue Monitor
May 2, 2024New Issuer Monitor
Squaring the Circle
Empirasign has long been the leader in real-time secondary Structured Products Market Data. Now we bring our real-time parsing and display technology to the New Issue process. We are pleased to present our New Issue Monitor. It can be found at the following URL: www.empirasign.com/new-issue-monitor/. You must be logged-in to view this page.
A recent screenshot is below
The top level view shows aggregated constant deal-level statistics including Deal Name, Sector, and Manager(s). Dynamic aggregated statistics include current class count, update counts, and most recent update timestamp. Additionally, this table is sortable and searchable. To view the real-time state and change history for an individual deal click on any record.
Deal-Level View
Many things can change during the pricing of a deal. As such, it's often hard to keep up with what's changed between the email you received just now, and the (now stale) email you received 20 minutes ago. We automatically highlight these changes for you. The deal-level view has two tables. An example is shown below. The top table has 4 records--one record for each deal update. The bottom table has 8 records. One for each tranche / update combination. Any cell that has changed between its current and previous value is highlighted in yellow.
Future Updates
Market Data API
Right now, data associated with our New Issue Monitor is only accessible via the web application. We'll soon be making this data available via our Market Data API. General Information on our Market Data API can be found here: www.empirasign.com/developer-resources/.
Parser API
If you prefer to compile your own New Issue Market Data, we will soon expose a parser API endpoint to handle such email messages. You can read more about our Parser API here: www.empirasign.com/developer-resources/#paas.