Fintech Agile Launches Limit Orders For Better TBA Market Efficiency
Fintech Agile launched limit orders, a new quote request type for the To-Be-Announced mortgage-backed securities market. Traders can use limit orders to request a specific price level, rather than using an open-ended bidding process. Agile says it frees up time and creates confidence during periods of market volatility. Drew Thornhill, a senior trader at MCT…