Bloomberg bids to drag ABS trading out of the dark ages

Bloomberg is trying to drag European ABS trading into the digital age, signing up several banks to start providing quotes on its ALLQ system for core, prime European ABS asset classes. Some dealers, though, struggle to see the benefit.

  • By David Bell
  • 09 Mar 2017

A move to electronic trading would bring securitization into line with other credit products, potentially broadening the appeal of the market to a much wider set of investors and giving it a big shot in the arm.

But some see the move as unnecessary, given the slower pace ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%