Showing posts with label online marketplace. Show all posts
Showing posts with label online marketplace. Show all posts
Thursday, 30 October 2008
Tradeweb
Tradeweb is a leading over-the-counter, multi-asset class online marketplace, and a pioneer in the development of electronic trading and trade processing. The company provides services in the fixed income, derivative, and equity markets to clients in more than 50 countries. Since 1998, Tradeweb has operated a global trading network, which harnesses the distribution of the major investment banks with over 2,000 institutional clients. With its expansion into the equity markets, Tradeweb is leveraging AutEx, the industry leader for 40 years in providing indications of interests, and Tradeweb Routing Network, a global FIX network with more than 7,000 connections to over 750 firms. Tradeweb is owned by Thomson Reuters and nine leading global dealers.
Wednesday, 22 October 2008
DebtX and KEMA to Sell Real Estate Loans
DebtX, an online marketplace for commercial loans, and KEMA, a boutique investment banking firm, today announced they have signed a multi-year agreement with the U.S. Department of Housing and Urban Development (HUD) to sell commercial real estate loans at http://www.debtx.com/.
Operating as KDX Ventures (KDX), DebtX and KEMA will help HUD sell certain of its multifamily and healthcare portfolio loans. The loans were primarily assigned to HUD after default by a borrower or co-insuring lender. The first sale under the agreement is expected to be executed in early 2009.
"DebtX and KEMA are a proven team with complementary skill sets that will enable HUD to maximize recoveries from the sale of HUD-held loans," said DebtX CEO Kingsley Greenland. "We're pleased to work again with HUD to help the agency implement its loan sale strategy."
The contract announced today is HUD's most recent engagement of DebtX and KEMA. In 2005, DebtX and KEMA collaborated to sell a loan portfolio totaling approximately $300 million.
"The agreement between HUD and KDX enables the agency to obtain all valuation, due diligence, and loan sale services from a single and tightly integrated advisor," said KEMA President Kirk Michel. "This integrated approach, along with KEMA's local presence in Washington D.C., will enable KDX to efficiently and expeditiously sell loans within the scope of the agency's mission."
KDX Ventures was created under The U.S. Small Business Administration's (SBA) Mentor-Protege program, which is designed to enhance the capability of 8(a) participants to compete more successfully for federal government contracts. The program encourages private-sector relationships and expands SBA's efforts to identify and respond to the developmental needs of 8(a) clients.
In addition to HUD, DebtX signed a five-year agreement with the Federal Deposit Insurance Corporation (FDIC) in December 2007 to sell loans in receivership. DebtX is currently engaged to sell more than $424 million in loans from two FDIC receiverships. The first of these portfolios bids on Nov. 10.
With more than 4,000 registered and approved investors and approximately 300 financial institutions selling through its exchange, DebtX operates the world's largest and most liquid online marketplace for loans. DebtX works with financial institutions to sell Commercial & Industrial (C&I), Commercial Real Estate (CRE), residential and consumer loans. DebtX is based in Boston, with offices in Atlanta, Chicago, New York, San Francisco and Frankfurt, Germany.
Operating as KDX Ventures (KDX), DebtX and KEMA will help HUD sell certain of its multifamily and healthcare portfolio loans. The loans were primarily assigned to HUD after default by a borrower or co-insuring lender. The first sale under the agreement is expected to be executed in early 2009.
"DebtX and KEMA are a proven team with complementary skill sets that will enable HUD to maximize recoveries from the sale of HUD-held loans," said DebtX CEO Kingsley Greenland. "We're pleased to work again with HUD to help the agency implement its loan sale strategy."
The contract announced today is HUD's most recent engagement of DebtX and KEMA. In 2005, DebtX and KEMA collaborated to sell a loan portfolio totaling approximately $300 million.
"The agreement between HUD and KDX enables the agency to obtain all valuation, due diligence, and loan sale services from a single and tightly integrated advisor," said KEMA President Kirk Michel. "This integrated approach, along with KEMA's local presence in Washington D.C., will enable KDX to efficiently and expeditiously sell loans within the scope of the agency's mission."
KDX Ventures was created under The U.S. Small Business Administration's (SBA) Mentor-Protege program, which is designed to enhance the capability of 8(a) participants to compete more successfully for federal government contracts. The program encourages private-sector relationships and expands SBA's efforts to identify and respond to the developmental needs of 8(a) clients.
In addition to HUD, DebtX signed a five-year agreement with the Federal Deposit Insurance Corporation (FDIC) in December 2007 to sell loans in receivership. DebtX is currently engaged to sell more than $424 million in loans from two FDIC receiverships. The first of these portfolios bids on Nov. 10.
With more than 4,000 registered and approved investors and approximately 300 financial institutions selling through its exchange, DebtX operates the world's largest and most liquid online marketplace for loans. DebtX works with financial institutions to sell Commercial & Industrial (C&I), Commercial Real Estate (CRE), residential and consumer loans. DebtX is based in Boston, with offices in Atlanta, Chicago, New York, San Francisco and Frankfurt, Germany.
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