Southstate|Duncanwilliams Securities Corp Joins Agile Broker Network

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PHILADELPHIA, Pa., Nov. 17, 2022 (SEND2PRESS NEWSWIRE) — Agile, a revolutionary fintech uniting mortgage lenders and brokers on a single electronic platform, today announced that SouthState|DuncanWilliams Securities Corp., a wholly owned regulated subsidiary by FINRA of SouthState Bank, NA, joined the Agile Broker Network. SouthState|DuncanWilliams Securities Corp. made TBA transactions with better efficiency to execute them at competitive prices via Agile starting in August 2022.

“I like the efficiency of an electronic quote and the speed of the transaction,” said Tony Mun, Head of Trading Desk/TBA Affairs at SouthState|DuncanWilliams Securities Corp. “The ability to adjust levels while supply/demand is ‘open’ is a big differentiator, and I’m a big fan of the ability to sort/filter various features within the Agile platform. ‘Agile eliminates 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 quoting mechanism. “I usually get a phone call rather than an e-quote. My market assessment process remains the same. Agile’s platform reduces the possibility of human error so brokers can effectively interact with the market [*see Note 1]. “The tiers clients receive are good, the process is fast and efficient, and the platform provides decent liquidity to clients,” Mun says.

“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 very productive,” Tony further emphasized. “Personally, I am excited to work with originators and help them grow their businesses while providing stable and consistent liquidity for their hedging needs. We hope and intend to build relationships over the years and ideally help clients achieve their growth and business goals,” he added.

Agile’s mission is to unlock the potential of an electronic market and grow its network of lenders and brokers to interact effectively with the market and their counterparties. The idea of ​​e-commerce isn’t new, but for the mortgage lender it’s a “game changer,” according to Mun.

“We are proud that SouthState|DuncanWilliams Securities Corp. joins the Agile Broker Network,” said Tawab Abawi, Director of Commercial and Institutional Sales at Agile. “Tony and his team will provide additional liquidity and price transparency at an important market time for the mortgage industry.”

When it comes to TBA trading, Tony believes that “the Agile platform has and will require the universe of brokers to rethink their business model as well as IT approach when it comes to future clients.”

About Tony Mun

Tony Mun is a fixed income professional with a diverse background in mortgage transfers, global 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, NA (SSB). SouthState|DuncanWilliams Capital Markets is a division of SSB and is not registered as a broker. SouthState|DuncanWilliams Securities Corp. and SouthState|DuncanWilliams Capital Markets are collectively referred to as “SouthState|DuncanWilliams”. Securities may be offered to institutional clients through SouthState|DuncanWilliams Securities Corp. or SouthState|DuncanWilliams Capital Markets. Brokerage services are provided by SouthState|DuncanWilliams Securities Corp. Securities and investment products offered by SouthState|DuncanWilliams are not insured by the FDIC or any other government agency, are not guaranteed by any bank, 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 fintech MBS, Agile brings together lenders and dealers of all sizes on a single platform. Agile facilitates the exchange of TBA MBS by securing and automating communication between mortgage lenders and brokers. Agile digitizes the historically phone-based process to an electronic platform that can improve cost effectiveness and efficiency, while reducing administrative errors. Through its competitive TBA RFQ digital platform, mortgage lenders gain access to national and regional brokers previously unreachable on digital platforms, while brokers 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 financial market professionals who have extensive experience trading in financial organizations of all sizes. Find out more: https://trade-agile.com/.

Media Contact: [email protected]

Mentioned works

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

The benefits and metrics listed in this document are from the MCT Study of Digital RFQ Implementation, July 2021, available at mct-trading.comstudy-of-digital-rfq-implementation. Mortgage Capital Trading (MCT) is a client of Agile Trading Technologies and an active user of the Agile RFQ platform.

This study measured changes in phone usage, productivity, and TBA execution associated with the implementation of Agile Trading Technology’s RFQ platform (Agile RFQ), as well as user experiences of the platform. The study looked at over 250 MCT mortgage lender clients 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 January 2021 (after implementation) versus January 2020 (before implementation). The data was collected through MCT reports on TBA’s business activity and surveys of platform users. Possible limitations of the study include the relatively.

REMARKS:

[*Note 1] MCT study of digital RFQ implementation, see Works Cited for details.

MULTIMEDIA:

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NEWS SOURCE: Agile Trading Technologies

This press release has been issued on behalf of the source of the information (Agile Trading Technologies) which is solely responsible for its accuracy, by Send2Press® Newswire. The information is believed to be accurate but not guaranteed. Story ID: 86774 APDF-R8.7

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