DirectBidding

DirectBidding

Where buy-side firms
negotiate
directly and
trade anonymously

Access CLO liquidity from broker-
dealers and buy-side simultaneously

100+

Buy-side firms

+
30+

Banks

DirectBidding Overview

Download PDF
Direct Bidding Overview

Buying CLOs? Bid the Seller directly.

Submit bids directly
and anonymously
to the Seller

Receive real-time,
guaranteed feedback

Flat clearing fee
for all
securities

Sending a BWIC? Engage Buyside Peers.

Create BWIC
in seconds

Provide automated
feedback to unlimited
bidders

Retain detailed records
for best execution

Getting started -
3 easy steps

1
Sign up on the KopenTech platform
2
Request access from a clearing bank (1 time only)
3
Trade

Why We Created DirectBidding

Why Electronic Trading?

Electronic trading has taken off in many asset structures, including high yield bonds, increasing liquidity and enabling investors to transact seamlessly online. Using the high yield bond market as a proxy, CLO trading can grow 10x.

Frequently Asked Questions (FAQ)

How do I access DirectBidding?
How do I request access from a clearing bank?
Can I customize how I run my BWIC?

Get answers to popular questions below.

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