Awards and Honors, Business

Agile Selected as 2024 HousingWire Tech100 Winner for the Third Consecutive Year

PHILADELPHIA, Pa. -- Agile, a groundbreaking fintech bringing mortgage lenders and broker-dealers onto a single electronic platform, is excited to announce Agile Trading Technologies was selected for the 3rd consecutive year as a winner of the HousingWire Tech100 Award. The list is comprised of the most innovative technology companies in the housing market and provides housing professionals a look into the most impactful organizations that can be leveraged to identify partners and solutions.

Agile Trading Technologies pioneers a transformative approach to financial technology to create a better mortgage-backed securities (MBS) market through increasing liquidity and automation in TBAs, MBS pools, and AOTs. Agile replaces legacy phone and email processes with an electronic platform designed to help the mortgage asset class operate more efficiently and market participants thrive.

"Agile will continuously push the boundaries to create a better approach for mortgage-backed securities and TBAs," said Greg Vacura, President of Agile Trading Technologies, "The days of manual inputs and phone calls to multiple brokers will be automated to save time and money for all parties. We are honored to be recognized by HousingWire in our initiative for creating a more efficient capital market landscape."

Agile's mission is to unlock the potential of an electronic marketplace and grow its network of lenders and broker-dealers to efficiently interact with the market and their counterparties.

Agile's broker-dealer network now consists of 20 broker-dealers with access to a growing pool of mortgage lenders who trade TBAs. With easy electronic access to new clients and added volume, Agile's electronic RFQ platform and MBS pool bidding provides all broker-dealers on the platform with increased trading partners and requests, heightened granularity and speed, and an excellent client experience.

About Agile:

The industry's first MBS fintech, Agile brings together lenders and dealers of all sizes onto a single 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/

Related link: https://trade-agile.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, mortgage brokers

Baird Joins Agile’s Growing Broker-Dealer Network

PHILADELPHIA, Pa. -- Agile, a groundbreaking fintech bringing mortgage lenders and broker-dealers onto a single electronic platform, is excited to announce that Baird, an international financial services firm, has joined Agile's broker-dealer network. Agile clients already approved with Baird will automatically see them added as an option for individual and competitive trading, and clients interested in an introduction can contact Agile or work with their Baird representative for more information.

"Baird's partnership with Agile allows us to provide our clients best in class service in a space where every basis point matters. Our mortgage professionals understand the risks mortgage lenders face in a variety of markets, and Agile provides an efficient and reliable tool our clients need to manage those risks. The increased flow we have seen through the Agile system has been crucial to our growth in this space and will continue to be for many years to come," says Jason Walters, Managing Director of Baird.

Agile's mission is to unlock the potential of an electronic marketplace and grow its network of lenders and broker-dealers to efficiently interact with the market and their counterparties.

Agile's broker-dealer network now consists of 20 broker-dealers with access to a growing pool of mortgage lenders who trade TBAs. With easy electronic access to new clients and added volume, Agile's electronic RFQ platform and MBS pool bidding provides MBS and all broker-dealers on the platform with increased trading partners and requests, heightened granularity and speed, and an excellent client experience.

About Baird:

Founded in 1919 in Milwaukee, Wisconsin, Baird's financial advice and expertise has helped guide clients through changing market cycles and unexpected events across generations. Being privately held has enabled us to grow and manage our firm responsibly, from a position of enduring financial strength and with a long-term focus on the best interests of our clients, our associates and the communities we share. Today Baird serves the investment and financial planning needs of individuals, families, small businesses, foundations, schools and other public entities throughout the United States as well as corporations and institutional investors around the world. And, because we are employee-owned, our clients can trust that we all share a personal stake in the successes we strive to help them achieve.

Learn more: https://www.rwbaird.com/

About Agile:

The industry's first MBS fintech, Agile brings together lenders and dealers of all sizes onto a single 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/.

Related link: https://trade-agile.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Alliances and Partnerships, Business, Free News Articles, Software

HilltopSecurities Joins Agile’s Growing Broker-Dealer Network

PHILADELPHIA, Pa. -- Agile, a groundbreaking fintech bringing mortgage lenders and broker-dealers onto a single electronic platform, is excited to announce that HilltopSecurities, a full-service investment bank and wealth advisory firm, has joined Agile's broker-dealer network. Agile clients already approved with HilltopSecurities will automatically see them added as an option for individual and competitive trading, and clients interested in an introduction can contact Agile or work with their HilltopSecurities representative for more information.

"Providing better execution, liquidity, and transparency to mortgage lenders is a key element in the expansion of Hilltop's mortgage business," says Justin Tannen, Agency MBS TBA Trader at HilltopSecurities. "We cover a wide array of products and have a large customer base of non-originators, so partnering with Agile was an easy decision to make. It allows us to assist a large network of lenders, helping us round out the end-accounts we trade with.

"Given our deep reach in the mortgage world, we are in a unique position to use our superior liquidity to provide better pricing to lenders - which they need now more than ever amid heightened volatility and wide bid/ask spreads. Our goal is to tighten markets and improve liquidity - we will never bid or offer behind the screens. Ultimately, we want to be a one stop shop for lenders: between our own originator, Prime Lending, the warehouse lending we provide through our bank, Plains Capital, and us at HilltopSecurities, we are well-positioned to compete in this sector and Agile helps us get there."

Agile's mission is to unlock the potential of an electronic marketplace and grow its network of lenders and broker-dealers to efficiently interact with the market and their counterparties.

Agile's broker-dealer network now consists of 20 broker-dealers with access to a growing pool of mortgage lenders who trade TBAs. With easy electronic access to new clients and added volume, Agile's electronic RFQ platform and MBS pool bidding provides MBS and all broker-dealers on the platform with increased trading partners and requests, heightened granularity and speed, and an excellent client experience.

About HilltopSecurities:

Founded in 1946, HilltopSecurities is a full-service investment bank and wealth advisory firm providing financial services for public entities, institutional investors, housing finance agencies, broker-dealers, and individual investors. HilltopSecurities represents a unique blend of financial strength, industry knowledge, and decades of experience helping clients pursue their bold visions.

Learn more: https://www.hilltopsecurities.com/

About Agile:

The industry's first MBS fintech, Agile brings together lenders and dealers of all sizes onto a single 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/.

Related link: https://trade-agile.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles, Software

Agile Appoints Greg Vacura as President to Further Mission of Creating a Better MBS Market

PHILADELPHIA, Pa. -- Agile, a groundbreaking fintech bringing mortgage lenders and broker dealers together on a single electronic platform, today announced the appointment of Greg Vacura as company president. Mr. Vacura will be working to fulfill Agile's mission to create a better mortgage-backed securities (MBS) market through increasing liquidity and automation in TBAs, MBS pools, and AOTs. Agile replaces legacy phone and email processes with an electronic platform designed to help the mortgage asset class operate more efficiently and market participants thrive.

"The mortgage industry has a long way to go on the path towards improving liquidity and execution through adoption of marketplace solutions," stated Greg Vacura, president at Agile. "I'm excited to leverage my past experience pushing the industry forward in my new role, particularly during this time of challenging market conditions with the opportunity to help so many industry participants."

Mr. Vacura is a thirty-year mortgage industry veteran who previously served as SVP of Correspondent Pricing at Wells Fargo Funding, where he managed all aspects of correspondent mortgage pricing activity including the mandatory trade desk, best efforts lock desk, revenue analytics, and correspondent pricing vendor relationships.

Mr. Vacura's development of the bid tape assignment-of-trade (AOT) loan sale delivery method in 2018 is credited as one of the most significant innovations in the mortgage secondary market in the last decade. This delivery method combined the cash and execution benefits of trade assignment with the granularity and flexibility of bid tape pricing, and saw rapid proliferation among both mortgage sellers and mortgage buyers offering their own bid tape AOT programs.

"I am confident that Greg's open, positive, and transparent management style coupled with his subject matter expertise in the whole loan and mortgage securities aspects of our industry will allow him to ably lead Agile," said Curtis Richins, CEO. "We are proud of our role in educating lenders about the benefits of bid tape AOT alongside Greg since 2018, and can't wait to see how he continues to innovate in his new position at Agile."

Agile recently facilitated execution of the mortgage industry's first ever fully-automated AOT and has plans to further improve the utilization and convenience of AOTs under Mr. Vacura's leadership. Agile is a digital request for quote platform that replaces manual, phone-based processes to create a revolutionary new electronic marketplace. Agile is available on a stand-alone basis or as complementary software to other electronic marketplaces or hedge advisory services, facilitating a seamless trading experience with existing processes.

Contact Agile for more information on improving MBS liquidity and efficiency: https://trade-agile.com/contact-us/

About Agile:

The industry's first MBS fintech, Agile brings together lenders and dealers of all sizes onto a single 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/

Related link: https://trade-agile.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles

Multi-Bank Securities, Inc. Joins Agile’s Growing Broker-Dealer Network

PHILADELPHIA, Pa. -- Agile, a groundbreaking fintech bringing mortgage lenders and broker-dealers onto a single electronic platform, today announced that Multi-Bank Securities, Inc. (MBS), a veteran-owned, fixed-income securities broker-dealer, has joined Agile's broker-dealer network. The addition of MBS gives lenders on Agile's growing network expanded access to competitive trades and simpler trade reconciliation across Agile's electronic RFQ platform.

"MBS is excited to offer our clients access via the Agile platform. Having worked with many lenders in Agile's network as a partner with Mortgage Capital Trading (MCT) for more than 20 years, we look forward to building on that partnership as we provide our customers with the most innovative trading experience," states Nicholas Mazzeo, Trader - Mortgage-Backed Securities at MBS. Agile clients already approved with MBS will automatically see them added as an option for individual and competitive trading, and clients interested in an introduction can contact Agile or work with their MBS representative for more information.

Agile's mission is to unlock the potential of an electronic marketplace and grow its network of lenders and broker-dealers to efficiently interact with the market and their counterparties.

"We're proud to expand our relationship with MBS and have them join Agile's broker-dealer network," shared Tawab Abawi, Director of Trading & Institutional Sales at Agile. "It has been a pleasure to work with Nicholas Mazzeo and team over the years, and we're happy to provide their loyal customers with the most innovative platform to trade TBAs."

Agile's broker-dealer network now consists of 16 broker-dealers with access to a growing pool of mortgage lenders who trade TBAs. With easy electronic access to new clients and added volume, Agile's electronic RFQ platform and MBS pool bidding provides MBS and all broker-dealers on the platform with increased trading partners and requests, heightened granularity and speed, and an excellent client experience [*NOTE 1].

About Multi-Bank Securities, Inc.

Multi-Bank Securities, Inc. (MBS) is an independent, fixed-income securities broker-dealer that has been serving institutional investors across the U.S. for more than 30 years. MBS has been certified as a Service-Disabled Veteran-Owned Business (SDVOB) by the National Veterans Business Development Council (NVBDC). MBS is headquartered in Southfield, Mich., and serves institutional investors in all 50 states. MBS is registered with the SEC and MSRB and a member of FINRA and SIPC. In addition to offering a full array of fixed-income investment products, MBS underwrites wholesale deposits for financial institutions and is an approved underwriter for Fannie Mae, Freddie Mac, Farmer Mac, the Federal Home Loan Banks and the Federal Farm Credit Banks. Learn more: https://www.mbssecurities.com

About Agile

The industry's first MBS fintech, Agile brings together lenders and dealers of all sizes onto a single 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/.

NOTES/REFERENCES:

[*NOTE 1] Past results do not guarantee future performance. Source: MCT Study of Digital RFQ Implementation February 2021

Related link: https://trade-agile.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles

Southstate|Duncanwilliams Securities Corp Joins Agile’s Broker-Dealer Network

PHILADELPHIA, Pa. -- Agile, a groundbreaking fintech bringing mortgage lenders and broker-dealers onto a single electronic platform, today announced that SouthState|DuncanWilliams Securities Corp., a FINRA-regulated wholly owned subsidiary of SouthState Bank, N.A, has joined Agile's broker-dealer network. SouthState|DuncanWilliams Securities Corp. has been conducting TBA trades with better efficiency to execute at competitive pricing via Agile as of August 2022.

"I like the efficiency of an electronic quote and the speed of the trade," states Tony Mun, Head of TBA Trading Desk/Business at SouthState|DuncanWilliams Securities Corp. "The ability to adjust levels while the bid/ask is 'open' is a big differentiator, and I'm a big fan of the ability to sort/filter various functionalities within the Agile platform." Agile's technology removes manual calls, freeing up time and reducing the need to be on the phone all day.

Tony explained that the main difference between an Agile and non-Agile process is the quote mechanism. "I typically receive a phone call versus an electronic submission. My market assessment process remains the same." Agile's platform reduces the possibility of human error so broker-dealers can efficiently interact with the market [*see Note 1]. "The levels the clients receive are good, the process is quick and efficient and the platform provides decent liquidity for clients," says Mun.

"My personal experience with the Agile team has been exceptional. I have a long history with MCT so my interaction with Agile and this new platform should be seamless and highly productive," further emphasized Tony. "I, personally, am excited to work with and help originators grow their businesses while providing stable and consistent liquidity for their hedging needs. It is our hope and intention to build relationships over the years and ideally help the clients achieve their growth and business objectives," he added.

Agile's mission is to unlock the potential of an electronic marketplace and grow its network of lenders and broker-dealers to efficiently interact with the market and their counterparties. The idea of electronic trading isn't new, but for the mortgage originator, it's "game-changing," according to Mun.

"We're proud to have SouthState|DuncanWilliams Securities Corp. join Agile's broker-dealer network," shared Tawab Abawi, Director of Trading & Institutional Sales at Agile. "Tony and his team will bring additional liquidity and price transparency at an important time in the market for the mortgage industry."

When it comes to TBA trading, Tony believes that "the Agile platform has and will require the broker-dealer universe to rethink their business model as well as the IT approach as it relates to future clients."

About Tony Mun

Tony Mun is a fixed-income professional with a varied background in mortgage pass-throughs, whole loan strategy, and securitization.

About SouthState|DuncanWilliams Securities Corp.

SouthState|DuncanWilliams Securities Corp., a registered member of FINRA and SIPC, is a wholly owned subsidiary of SouthState Bank, N.A. (SSB). SouthState|DuncanWilliams Capital Markets is a division of SSB and is not registered as a broker-dealer. SouthState|DuncanWilliams Securities Corp. and SouthState|DuncanWilliams Capital Markets are collectively referred to as "SouthState|DuncanWilliams". Securities may be offered to Institutional customers through either SouthState|DuncanWilliams Securities Corp. or SouthState|DuncanWilliams Capital Markets. Broker-dealer services are offered by SouthState|DuncanWilliams Securities Corp. Securities and investment products offered through SouthState|DuncanWilliams are not insured by the FDIC or any other government agency, are not bank guaranteed, are not bank deposits or obligations, and may lose value. To learn more, please visit: https://trade-agile.com/broker-dealers/southstate-duncanwilliams/

About Agile

The industry's first MBS fintech, Agile brings together lenders and dealers of all sizes onto a single 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/.

Media Contact: Agile@fullyvested.com

Works Cited

Testimonials may not be representative of the experience of other clients, and past results are not a guarantee of future performance or success.

Benefits and metrics listed in this document were sourced from the MCT Study of Digital RFQ Implementation, July 2021 found at mct-trading.com\study-of-digital-rfq-implementation. Mortgage Capital Trading (MCT) is a client of Agile Trading Technologies and active user of the Agile RFQ platform.

This study measured the change in phone use, productivity, and TBA execution associated with the implementation of Agile Trading Technology's RFQ platform (Agile RFQ), as well as the experiences of platform users. The study encompassed over 250 mortgage lender clients of MCT who either used Agile RFQ to support their own TBA trading, or Agile RFQ was used by MCT traders to support TBA trading on their behalf. The study measured the month of January 2021 (after implementation) against the month

of January 2020 (before implementation). Data was collected through MCT reports on TBA trading activity and surveys of platform users. Possible limitations of the study include the relatively.

NOTES:

[*Note 1] MCT Study of Digital RFQ Implementation, see Works Cited for details.

Related link: https://trade-agile.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles, Product Launches, Software

Agile Launches Agile Chat for Lenders and Broker Dealers

PHILADELPHIA, Pa. -- Agile, a groundbreaking fintech bringing mortgage lenders and broker dealers onto a single electronic platform, today announced the launch of Agile Chat, a new chat feature designed to increase transparency and efficiency between lenders and broker dealers.

With the addition of messaging functionality on Agile's electronic MBS platform, dealers and lenders can discuss transaction details, trade levels, MBS pooling, and more through the embedded functionality. As Agile builds on its mission to digitize TBA MBS trading, the chat functionality has been designed to help close the gap between trading counterparties and encourage a sense of community.

"The new chat functionality deepens the lines of communication between dealers and lenders for a more efficient trading experience," said Andrew Rhodes, Director of Technology at Agile. "We believe that every counterparty deserves access to a fair, efficient, and transparent marketplace, and we hope this feature will help streamline communication between lenders and dealers on our platform and further democratize TBA MBS trading."

Agile Chat is enabled with retention and monitoring features for compliance and is ready for use on Agile's electronic platform today. Chat will further enhance Agile's TBA RFQ Platform and MBS Pool Bidding. The combined offerings give the MBS market participants the ability to achieve best execution from any device, anywhere and anytime.

To learn more about Agile's award-winning software which enables lenders and dealers to gain much-needed efficiencies and data through technology, visit https://trade-agile.com/.

To schedule a demo of Agile's new Agile Chat feature, please visit https://trade-agile.com/contact-us/.

About Agile:

The industry's first MBS fintech, Agile brings together lenders and dealers of all sizes onto a single 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.

Related link: https://trade-agile.com/

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Business, Free News Articles, Product Launches, Software

Agile Launches MBS Pool Bidding

PHILADELPHIA, Pa. -- Agile, a groundbreaking fintech bringing mortgage lenders and broker dealers on to a single electronic platform, today announced the launch of MBS pool bidding, enabling lenders and dealers to gain much-needed efficiencies and data through technology.

"Before this release, most clients conducted the spec pool bidding process via email and spreadsheets. Lenders send out pool details to their approved dealers and bids are sent back via email. This process is effective but not efficient," comments Phil Rasori, COO at Agile. "We're going to change that. Through Agile, lenders and dealers can exchange bids and conduct best execution analysis with access to robust loan-level data. And better data leads to sharper pricing."

As securitization rates increase, an increasing number of lenders may be exploring specified pools for the first time. Agile is launching MBS pool bidding to help bring lenders and dealers together more seamlessly, offering both user-friendly technology and high-touch customer service.

Agile's new MBS pool bidding offering includes:

* Efficiency and convenience by ingesting and streamlining email workflows into the Agile platform

* Best execution analysis on pool bids compiled automatically

* Granular loan-level data with all the specific characteristics lenders need to get sharper pricing

* Wide network of dealers returning bids at the push of a button

Curtis Richins, President & CEO of Agile, notes, "We've been partnering closely with a number of clients on our new MBS pool bidding offering after listening to many of the current challenges they face in the current BWIC process. We're excited to introduce MBS pool bidding to the marketplace because we believe the automation of this area of the industry was overdue. This is all part of our mission to revolutionize and digitize the mortgage capital markets."

Agile will be debuting the MBS pool bidding functionality on an industry webinar planned for October 14, 2021: https://trade-agile.com/webinar-introducing-agile-creating-a-better-mbs-market-for-all/

About Agile

The industry's first MBS fintech, Agile brings together lenders and dealers of all sizes onto a single 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.

For more information, visit: https://trade-agile.com/

Related link: https://trade-agile.com/

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Business, Free News Articles, Product Launches, Software

New MBS Fintech Agile Revolutionizes Trading with the Launch of RFQ Platform

PHILADELPHIA, Pa. -- Agile, a new fintech bringing mortgage lenders and broker dealers on to a single electronic platform, has formally announced the launch of its flagship RFQ (request for quote) platform. All MBS market participants can now participate on an electronic platform that expedites the exchange of To-Be-Announced Mortgage-Backed Securities (TBAs).

Despite the rise of electronic trading and digitization of financial services, MBS trading has largely been conducted over the phone. Phone-based trading is slow and impractical in generating numerous competitive bids. Agile is introducing a new, electronic way to quote MBS through a browser-based platform that digitizes the process of buying and selling TBAs. As a result, Agile enables the user to efficiently generate more competitive bids compared to legacy phone-based processes. (*See note 1.)

"Our mission is to bring the mortgage capital markets into a new digital era," comments Curtis Richins, President & CEO of Agile. "We're democratizing the TBA Market for lenders and dealers both big and small. We created Agile because we believe that a transparent market is a better market and because every counterparty deserves access to a fair, efficient and transparent marketplace."

Agile was developed with direct feedback from mortgage lenders and broker-dealers, resulting in a powerful platform that integrates smoothly with existing processes. With the browser-based platform, lenders can request trades from any device, anywhere. Agile's three step process for digital TBA trading communication can help lenders improve efficiency, while expanding the number of quotes they receive and their network of counterparties. For the first time, all mortgage lenders can trade with regional and primary dealers electronically.

Agile's initial roll-out began January 1, 2021 and demonstrated rapid adoption across the mortgage secondary market. Agile has supported 261 financial institutions who have exchanged 95.6 thousand quotes. (*See note 2.) Lenders have been quick to welcome the benefits of the new platform.

Early adopter Andrew Stringer (Director of Secondary/Capital Markets at First Bank), said, "After a busy conference day, I found myself with moments left to optimize coverage before market close. A few taps in Agile and I was done! No calls, no computer, no manual calculations - just a quick TBA trade and back to unwinding after a long day."

Agile has already received strong participation from the broker-dealer community, thanks to new opportunities for growth and operational improvement. Agile provides access to an ever-growing network of lenders, facilitates increased quote requests from approved counterparties, and delivers the efficiencies of a digital trade desk. Broker-dealers also have the benefit of straight-through processing with leading trade order management systems. Featured broker-dealers currently on the platform include, but are not limited to, the following: BMO Financial, BOK Financial Securities, CMG Securities, Daiwa Capital Markets, ED&F Man, Huntington Securities, Janney Montgomery Scott, JVB Financial, Performance Trust, Raymond James, South Street Securities, Stifel, Nicolaus & Co, and StoneX.

Brent Giese, Executive Director of Fixed Income at Daiwa Capital Markets America, said: "Working with Agile has been very productive and beneficial to Daiwa's growing mortgage banking sales franchise. With access to many qualified mortgage originators, the platform provides an efficient means to reach significant volumes. The technology is advanced and allows for effective performance feedback while their straight though processing capability eliminates costly trade errors. Simply put, I have been very impressed and am thankful to have this valued partnership."

About Agile

The industry's first MBS fintech, Agile brings together lenders and dealers of all sizes onto a single 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.

For more information, visit https://trade-agile.com/ or call (619) 332-6205.

Media Contact:
Vested
Agile@fullyvested.com

NOTES:

[1] MCT Study of Digital RFQ Implementation, see Works Cited for details.

[2] Agile RFQ Platform Usage Data 2021 YTD Summary Report.

WORKS CITED

Testimonials may not be representative of the experience of other clients, and past results are not a guarantee of future performance or success.

Benefits and metrics listed in this document were sourced from the MCT Study of Digital RFQ Implementation, July 2021 found at https://mct-trading.com/study-of-digital-rfq-implementation/. Mortgage Capital Trading (MCT) is a client of Agile Trading Technologies and active user of the Agile RFQ platform.

This study measured the change in phone use, productivity, and TBA execution associated with the implementation of Agile Trading Technology's RFQ platform (Agile RFQ), as well as the experiences of platform users. The study encompassed over 250 mortgage lender clients of MCT who either used Agile RFQ to support their own TBA trading, or Agile RFQ was used by MCT traders to support TBA trading on their behalf. The study measured the month of January 2021 (after implementation) against the month of January 2020 (before implementation). Data was collected through MCT reports on TBA trading activity and surveys of platform users. Possible limitations of the study include the relatively narrow time period of measurement and the combination of qualitative and quantitative data used for measurement.

MULTIMEDIA:

*LOGO link for media: https://www.Send2Press.com/300dpi/21-0909s2p-agile-logo-300dpi.jpg

Related link: https://trade-agile.com/

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