DirectBidding
DirectBidding
Where buy-side firms
negotiate
directly and
trade anonymously
Access broker-dealer and buy-side
CLO liquidity simultaneously
200+
Buy-side firms
30+
Banks
KTX DirectBidding Quicktakes
Download PDF
Buying CLOs? Bid the Seller directly.
Submit bids directly
and anonymously
to the Seller
Receive real-time,
guaranteed feedback
Low settlement 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
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
Sign up on kopentech.com
2
Request
DirectBidding access
(1 time only)
DirectBidding access
(1 time only)
3
Trade
Why We Created DirectBidding
BROAD ACCESS
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?
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.
Confidential Bidding
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.
Operational efficiency
Typically, BWICs involve endless back and forth between counterparties. We streamline trading for buy-side accounts through direct negotiations and anonymous execution.