KopenTech announces new All-to-All trading protocol for CLO securities, completes first client trades using protocol
LOS ANGELES, Dec. 18, 2023 (GLOBE NEWSWIRE) -- KopenTech Capital Markets, LLC (“KCM”), the first online provider of electronic trading for structured products, has launched a new All-to-All trading protocol for CLO securities and successfully completed its first two client trades.
- LOS ANGELES, Dec. 18, 2023 (GLOBE NEWSWIRE) -- KopenTech Capital Markets, LLC (“KCM”), the first online provider of electronic trading for structured products, has launched a new All-to-All trading protocol for CLO securities and successfully completed its first two client trades.
- All-to-All trading protocol refers to a trading model where all market participants, including dealers and buy-side firms, can anonymously trade with each other.
- In other fixed income products, the all-to-all trading protocol has helped to narrow bid-ask spreads.
- “Now that we have shown that the All-to-All trading protocol is viable and benefits all participants, our focus is to expand it market-wide.”
In the new All-to-All trading protocol, each participant is assigned an anonymous identifier.