Where buy-side firms
Access broker-dealer and buy-side
CLO liquidity simultaneously
Buying CLOs? Bid the Seller directly.
Submit bids directly
to the Seller
Low settlement fee
for all securities
Sending a BWIC? Engage Buyside Peers.
feedback to unlimited
Retain detailed records
for best execution
Why Trade CLOs Electronically?
Electronic trading has taken off in many asset classes, 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.
Getting started —
3 easy steps
(1 time only)
Why We Created DirectBidding
The CLO market consists of roughly 1,000 buy-side firms and 30+ broker-dealers. Wouldn’t it be great to access sellside and buyside liquidity in a single trading session?
Feedback is critical for buyers. Current BWIC processes do not guarantee any feedback, leaving buyers missing out on valuable information. We automated feedback for all bids, giving bidders detailed color.
Best bid aggregation
We have direct connectivity to 15 banks and sellers can enter bids from off-platform participants as well. KTX DirectBidding is the most complete bid aggregation platform.
With KTX DirectBidding, all client negotiations remain private, only anonymized color is communicated to the bidders at the end of the session. CLO investors now have a confidential trading platform.
Typically, BWICs involve endless back and forth between counterparties. We streamline trading for buy-side accounts through direct negotiations and anonymous execution.