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Entegra Insights

Deep dive into industry insights, thought leadership, and expert perspectives from the Entegra team.

Featured Media

Freshly Squeezed Podcast featuring Daniel Ezra

Visible Value: The Impact of Secondary Market Visibility on New Issue CLO Pricing

Click to explore how visibility has become the new currency of liquidity for CLO managers.

See the Study Free Visibility Report here

Entegra to Integrate Moody's Data: Advancing Data-Driven Insight in Structured Credit Markets

Entegra announces integration with Moody's Analytics, combining comprehensive structured credit data with advanced analytics.

November 24, 2025

MUFG enhances securitisation capabilities in EMEA with support from Entegra

MUFG announces enhancement of its securitisation product offering in Europe through a solution combining market expertise and technology.

September 24, 2025

The Jentacular Shift: From Underfed Desks to Sustainable Trading Models

Brett Chappell's independent analysis looks at Trading as a Service (TaaS), examining how banks are adopting new partnership structures in fixed income markets.

October 27, 2025

Thought Leadership

Explore essays and perspectives from Entegra

A White Paper on Trading as a Service: Turning Securitized Product Trading into a Growth Engine for Banks

How Trading as a Service models are enabling banks to expand product coverage and deliver client service without requiring additional balance sheet or headcount

As seen in Structured Finance Journal · Feb 2026

Part 1 - Disappearing Dealers: How The Pullback in SP Trading Balance Sheet Has Rewired Market Structure

Over the past 10 years, CLO issuance has multiplied, while dealer holdings fell. In the first of a threepart guest essay, Daniel Ezra looks at the causes of this change — and how it affects the market

As seen in Creditflux newsletter · Aug 2025

Part 2 - Vanishing Volumes: How Dealer Pullback in SP Erodes Trading Activity and Concentrates Liquidity

Declining trading volumes have deepened the divide between the largest managers and the rest

As seen in Creditflux newsletter · Sep 2025

Part 3 - Liquidity Ladder: Scale may bring attention, but visibility is emerging as the currency of market liquidity

In his third and final article, Daniel Ezra looks at how a CLO manager's visibility can impact deal pricing

As seen in Creditflux newsletter · Nov 2025

📊 Market Intelligence

Data-driven analysis and market rankings from Entegra

2025 CLO Visibility Rankings

Entegra has released the market's first CLO Manager Secondary Market Visibility Rankings for 2025. Building on our visibility study, the rankings make secondary visibility measurable and comparable.

A manager's Visibility Share is calculated as the average number of CUSIPs observed (BWIC, Bid, Offer) on any given day that are mapped to that manager, divided by the total number of CLO BSL CUSIPs visible in the market that same day.

Entegra Market Intelligence · Feb 2026