Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Agile Introduces Limit Orders for TBA Mortgage-Backed Securities

News Source: Agile Trading Technologies

PHILADELPHIA, Pa., Oct. 15, 2024 (SEND2PRESS NEWSWIRE) — Agile, a groundbreaking fintech bringing mortgage lenders and broker-dealers onto a single electronic platform, announced today the launch of limit orders, a new quote request type for the To-Be-Announced mortgage-backed securities (TBA) market. Limit orders allow traders on Agile to request a specific price level, rather than conducting an open-ended bid process, giving them greater confidence and freeing precious time, especially during periods of market volatility.

Agile Introduces Limit Orders for TBA Mortgage-Backed Securities
Image caption: Agile Introduces Limit Orders for TBA Mortgage-Backed Securities.

“Limit orders help me get better execution for my clients in a choppy market,” shared Drew Thornhill, Senior Trader at MCT, one of Agile’s hedge advisor clients, who manages coverage on over $450 million in open pipelines on behalf of mortgage lenders. “In my experience, it’s impossible to get the same efficiency and execution over the phone that I can achieve using Agile for limit orders.”

TBAs are broadly used by mortgage lenders to hedge their open pipeline of locked mortgage applications against changes to interest rates during the origination process. Improvements to execution and efficiency in TBA trading can have an outsize impact on mortgage lender profitability. Limit orders allow traders to select a desired price level and time in force, in addition to the typical TBA quote request details. Limit order functionality is also very much welcomed by broker dealers who are given extra time and dynamic communication tools to acquire the level the lender is seeking or share background toward reaching a different agreement.

“Limit orders are very useful on the fringe coupons that are not as liquid, to build up price certainty and prepare for origination activities at the low or high end of the rate range,” said Greg Vacura, president at Agile. “They are also useful on spec deals where lenders need to get more granular pricing on a specific tranche, loan size, or state. Developing limit orders in collaboration with our lender and dealer clients has led to a rewarding win-win.”

Limit orders are now available to all Agile platform users. Mortgage lenders, broker-dealers, or hedge advisors interested in learning more about this new quote request type are encouraged to contact Agile for more information: https://trade-agile.com/contact-us/.

Read the full press release: https://trade-agile.com/limit-orders-tba-mbs/

About Agile:

Agile brings together mortgage lenders and dealers of all sizes onto a single MBS fintech platform. Agile facilitates the exchange of TBA MBS by securing and automating communication between mortgage lenders and broker-dealers. Agile digitizes the historically phone-based process to an electronic platform which may improve profitability and efficiency, while reducing administrative errors. Through its competitive TBA RFQ digital platform, mortgage lenders gain access to national and regional broker-dealers previously inaccessible on digital platforms, while broker-dealers gain access to an ever-growing network of lenders. Based in Philadelphia, Agile Trading Technologies supports a national network of clients* with a team of capital markets professionals who have deep trading experience at financial organizations of every size. Learn more: https://trade-agile.com/.

*Agile is not available for retail natural person investors.

MEDIA CONTACT:
Ian Miller
Chief Marketing Officer
ian.miller@trade-agile.com

IMAGE link for media: https://www.Send2Press.com/300dpi/24-1015-s2p-agilepr-300dpi.jpg


This press release was issued on behalf of the news source (Agile Trading Technologies), who is solely responsible for its accuracy, by Send2Press Newswire.

To view the original story, visit: https://www.send2press.com/wire/agile-introduces-limit-orders-for-tba-mortgage-backed-securities/

Copr. © 2024 Send2Press® Newswire, Calif., USA. -- REF: S2P STORY ID: S2P121512 FCN24-3B

 

INFORMATION BELOW THIS PAGE, IF ANY, IS UNRELATED TO THIS PRESS RELEASE.

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.