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Author Topic: Secondary Market Pricing API

l
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Secondary Market Pricing API
OP: April 04, 2018, 11:00:00 PM
We would like to present our Secondary Market (FolioFN) note pricing tool/API. http://www.peerspectusapp.com/

It looks at the entire FolioFN marketplace and finds the most similar notes to the given note, then provides the lowest, average and highest prices of those similar notes.
Please feel free to use it and provide any feedback you wish.

Thanks!
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Secondary Market Pricing API
#1: April 04, 2018, 11:00:00 PM
Highest and average price are useless concepts.

The prices you see are not TRADE prices, they are simply OFFERS.  And these offers are for the most part UNSUCCESSFUL offers.  The reason you see them is that no one has been willing to buy at that price.  The actual price at which most of these notes would trade, if they did trade, is BELOW the present offered price. 

When looking at the prices shown in the API for some similar notes, the only useful calculation among these prices would be the MINIMUM.  In general, the actual price at which trades would occur is below this value.
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T
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Secondary Market Pricing API
#2: April 08, 2018, 11:00:00 PM
Fred93,

Yes, I understand what you are saying - in general, the only price which would seem to matter would be the lowest or minimum price. We just thought of including all prices as it may be useful to someone - for what reasons I'm not sure. Thanks for the feedback.
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