Opalesque Exclusive: Asset backed securities trading increases on the secondary markets
Thursday, September 10, 2009
From Kirsten Bischoff, Opalesque New York:
Activity in the secondary markets for asset-backed securities has increased significantly over the past month, a representative for Beacon Capital Markets told Opalesque. The New York-based firm offers clients an electronic platform for the buying and selling of mortgage backed and asset backed securities, and announced the expansion of its senior team with two new hires in anticipation of further growth in these markets. It counts hedge funds amongst its active clients and has seen an increase in interest from managers as the platform recently expand......................