| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers G > Headlines for General 2007 > News item |
Number of trades in secondary drops by more than 5,000 in September, ACBS ClearPar finds
By Sara Rosenberg
New York, Oct. 15 - The number of trades in the secondary loan market fell to 13,186 in September from 18,467 in August, according to data compiled by ACBS ClearPar, a clearance and settlement utility.
Despite September's fall, the number of trades in that month was still higher than what was seen earlier in the year.
In February, the number of trades had been 7,962, jumping up to 10,617 in March. Then in April, the number of trades dropped to 8,519, but that number consistently climbed through May, June, July and August.
ACBS ClearPar clears and settles 85% to 90% of all trading in the secondary market and has 11 of the 12 biggest banks in the market as clients.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.