Secondary trading: Markit adds ABS data to its portfolio

Greater transparency is essential for ABS to be used as repo collateral

Poor liquidity and minimal transparency has stymied the progress of the European ABS secondary market. So it was welcome news when the European Securitization Forum announced the creation of a working group for the purpose of boosting efficiency in the asset and mortgage-backed securities secondary sector. The working group is co-headed by two stalwarts of securitization trading – Rob Ford and Ron Miao – heads of European ABS trading at Barclays Capital and Citigroup respectively.

“It has been recognized for some time by the trading and investor community that there’s a need for greater pricing transparency,” says Ford.

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