"As the marketplace for illiquid assets, SecondMarket's mission is to not only provide sellers with increased liquidity and qualified buyers with unique investment opportunities, but also to keep them informed on public issues regarding illiquid assets."
SecondMarket CEO Barry Silbert Interview Video at "Rising Stars" Executive Council Event
4/30/2010 02:04:00 AM | via @Dvolatility |
Could this mark the end to non-transparent OTC transactions on Wall Street? SecondMarket is a global platform for trading illiquid assets. The auction-rate securities freeze in 2008 put them on the map, CEO Barry Silbert he said. You can trade just about anything, from private company stock, LLP interests, mortgage back securities to collateralized debt obligations. Below Barry Silbert spoke with Walter Kiechel at the "Rising Stars" Executive Council event in New York. I just signed up and see RMBS and CDOs for sale! I don't see any CDS (credit default swaps) available though. There should be an insurance subsidiary....