Leading provider of alternative investment technology solutions Allvue Systems has announced a strategic partnership with Coefficient Markets to offer liquid credit and CLO managers real-time, actionable market data directly from contributing dealers who use Coefficient’s EPIC sell-side software suite.
Yuriy Shterk, Chief Product Officer at Allvue, said, “As the loan market rapidly matures, we have observed our clients’ need for sell-side liquidity so they can execute on opportunities in their portfolios quickly, efficiently, and with the most timely pricing information. Our alliance with Coefficient Markets, a firm with decades of experience in both the loan market and electronic trading across credit markets, creates an unmatched offering for the marketplace that will guarantee our clients are equipped with the highest quality information so that they can make more-informed trading decisions.”
With the help of this collaboration, Allvue’s clients will have complete access to market liquidity data along with their portfolios and regular workflow inside the company’s suite of loan software offerings. Clients have traditionally had to rely on previous-day data or view real-time data elsewhere. The depth of Coefficient’s expertise in the loan market will guarantee that Allvue’s clients have access to the information they need to manage their investments effectively and affordably. Over 25% of CLO Assets Under Management are currently managed by six of the top ten CLO Managers, who have already signed up as early adopters of the live liquidity data.
Brian Callahan, Chief Executive Officer at Coefficient Markets, said, “We are very excited to partner with Allvue and, for the first time, connect digitized market data suitable for consumption into the portfolio management system for private debt and CLO managers.”
Increased trading volumes and better trade selection for both sides will result from Coefficient’s dealer clients’ full, direct integration of their available liquidity in the location where it is most efficiently consumed by their buy side clients who use Allvue throughout their workday.
The EPIC Mirror platform, which compiles sell-side dealer price and liquidity data across the loan market, will be specifically supported in connecting clients of Allvue’s Front Office solutions to it by Coefficient Markets.