Looking back on 2024 it has been an amazing year. We are on track to end with 11 of the largest dealers using our EPIC software to create their runs and manage their trading after starting the year with only 3. In doing so we have digitized the data and workflow for a large portion of the loan market and created an incredibly powerful opportunity to deliver real time liquidity data to the buyside unlike anything before.
With our buyside portal EPIC Mirror acting as a real time reflection of each dealer’s EPIC tool, entire teams including traders, portfolio managers and analysts at buyside institutions can now ingest runs and axes into their systems such as Allvue, LevPro, Siepe and Valitana in real time. Tens of thousands of daily market updates can now be digitally analyzed to identify trading opportunities that are difficult for the human eye to see.
In addition, this summer we launched the first of our inter-dealer trading protocols in which 12 banks have participated. Our sessions have provided mid-market dealer to dealer trading to efficiently find liquidity and clean up balance sheets.
Most importantly, our business has leveraged the existing relationships between the street and clients to find trades that benefit both sides and further enhance those partnerships. We have a very large pipeline of new functionality in the works and are incredibly excited for what’s to come. Thanks to everyone who helped make this year such a success.
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