{"id":86774,"date":"2022-11-17T09:02:06","date_gmt":"2022-11-17T14:02:06","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=86774"},"modified":"2022-11-17T11:50:24","modified_gmt":"2022-11-17T16:50:24","slug":"southstateduncanwilliams-securities-corp-joins-agiles-broker-dealer-network","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/southstateduncanwilliams-securities-corp-joins-agiles-broker-dealer-network\/","title":{"rendered":"Southstate|Duncanwilliams Securities Corp Joins Agile’s Broker-Dealer Network"},"content":{"rendered":"

PHILADELPHIA, Pa., Nov. 17, 2022 (SEND2PRESS NEWSWIRE) — Agile<\/a>, a groundbreaking fintech bringing mortgage lenders and broker-dealers onto a single electronic platform, today announced that SouthState|DuncanWilliams Securities Corp.<\/a>, a FINRA-regulated wholly owned subsidiary of SouthState Bank, N.A., has joined Agile\u2019s 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.<\/p>\n

\"Agile
Image Caption: Agile Trading Technologies.<\/em><\/p>\n

\u201cI like the efficiency of an electronic quote and the speed of the trade,\u201d states Tony Mun, Head of TBA Trading Desk\/Business at SouthState|DuncanWilliams Securities Corp. \u201cThe ability to adjust levels while the bid\/ask is \u2018open\u2019 is a big differentiator, and I\u2019m a big fan of the ability to sort\/filter various functionalities within the Agile platform.\u201d Agile\u2019s technology removes manual calls, freeing up time and reducing the need to be on the phone all day.<\/p>\n

Tony explained that the main difference between an Agile and non-Agile process is the quote mechanism. \u201cI typically receive a phone call versus an electronic submission. My market assessment process remains the same.\u201d Agile\u2019s platform reduces the possibility of human error so broker-dealers can efficiently interact with the market [*see Note 1]. \u201cThe levels the clients receive are good, the process is quick and efficient and the platform provides decent liquidity for clients,\u201d says Mun.<\/p>\n

\u201cMy 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,\u201d further emphasized Tony. \u201cI, 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,\u201d he added.<\/p>\n

Agile\u2019s 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\u2019t new, but for the mortgage originator, it\u2019s \u201cgame-changing,\u201d according to Mun.<\/p>\n

\u201cWe\u2019re proud to have SouthState|DuncanWilliams Securities Corp. join Agile\u2019s broker-dealer network,\u201d shared Tawab Abawi, Director of Trading & Institutional Sales at Agile. \u201cTony and his team will bring additional liquidity and price transparency at an important time in the market for the mortgage industry.\u201d<\/p>\n

When it comes to TBA trading, Tony believes that \u201cthe 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.\u201d<\/p>\n

About Tony Mun<\/strong><\/p>\n

Tony Mun is a fixed-income professional with a varied background in mortgage pass-throughs, whole loan strategy, and securitization.<\/p>\n

About SouthState|DuncanWilliams Securities Corp.<\/strong><\/p>\n

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 \u201cSouthState|DuncanWilliams\u201d. 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\/<\/a><\/p>\n

About Agile<\/strong><\/p>\n

The industry\u2019s 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\/<\/a>.<\/p>\n

Media Contact: Agile@fullyvested.com<\/p>\n

Works Cited<\/strong><\/p>\n

Testimonials may not be representative of the experience of other clients, and past results are not a guarantee of future performance or success.<\/p>\n

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.<\/p>\n

This study measured the change in phone use, productivity, and TBA execution associated with the implementation of Agile Trading Technology\u2019s 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.<\/p>\n

NOTES:<\/p>\n

[*Note 1] MCT Study of Digital RFQ Implementation, see Works Cited for details.<\/p>\n

MULTIMEDIA:<\/p>\n

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PHILADELPHIA, Pa., Nov. 17, 2022 (SEND2PRESS NEWSWIRE) — 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.<\/p>\n","protected":false},"author":9102,"featured_media":81625,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[39,12804,1,38,10711,54,539,5],"tags":[18762,18761],"class_list":["post-86774","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage-news","category-ap","category-business-news","category-finance-news","category-fintech","category-pennsylvania-news","category-philadelphia-news","category-technology-news","tag-southstate-bank-na","tag-southstate-duncanwilliams-securities","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":3940,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/86774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/users\/9102"}],"replies":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/comments?post=86774"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/86774\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/81625"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=86774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=86774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=86774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}