Best site for convertible bonds: Deutsche Bank
Highly commended: UBS
Deutsche Bank’s convertibles website, dbconvertibles.com is still the best. Since the bank first won in 1999 when these awards began, it has never been beaten.
Although UBS’s excellent site also offers great analytics, including extensive information on convertibles indices, Deutsche’s site just covers far more convertibles.
The ability to trade convertibles over the web is used by only a few clients but Deutsche’s ability to offer up-to-the-second pricing and analysis on 1,500 convertibles in the US, Europe, Asia, and Japan, with the ability to trade directly on a large universe of liquid convertibles is unbeaten.
The site is also one of the easiest to use - each convertible has its own easily accessible web page.
In addition to the common offerings of a convertibles calculator and links to prospectuses, dbconvertibles.com has a powerful screening tool. This enables users to filter convertibles based on criteria including rich/cheap analysis and implied volatility analysis. Clients can now also save their own screens that can filter static data, market data, and theoretical values. They can also monitor new issues.
Users also have the ability to track the performance of an uploaded portfolio on a theoretical basis and against equivalent equities.