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SecondMarket to provide Dow Jones with bankruptcy-related data

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SecondMarket, a marketplace for illiquid assets, has entered into an agreement with Dow Jones to provide bankruptcy claims trading data for inclusion in the Dow Jones Daily Bankruptcy Review and its related publication, DBR Small Cap.

“SecondMarket has been providing claims data to our network of buyers and sellers, and this is a tremendous opportunity to expand our efforts,” says SecondMarket chief executive Barry E. Silbert (pictured). “We are excited to work with Dow Jones and to be part of publications that are read by bankruptcy professionals on a daily basis. We hope this is merely the first step in developing a long-standing relationship with an outstanding business information and data provider.”

SecondMarket provides claims trading data related to nearly 500 of the largest bankruptcy cases in the country. The data includes the name of the bankrupt entity, the buyer and seller of the claim, the date of the notification to the bankruptcy court of the claim transfer, and the face value of the bankruptcy claim. This information will be published every Tuesday in the Dow Jones Daily Bankruptcy Review and DBR Small Cap.

“SecondMarket’s claims data will enhance our bankruptcy news products significantly, adding further information of value to professionals in the bankruptcy, restructuring and distressed investing fields,” says Nicholas Elliott, managing editor of Dow Jones Daily Bankruptcy Review.

SecondMarket covers bankruptcy claims, auction-rate securities, private company securities, limited partnership interests, residential and commercial mortgage-backed securities, collateralized debt obligations, warrants/restricted stock in small capitalization companies and whole loans. Its network of participants collectively manages over USD1trn in assets.

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