Press Room

SecondMarket To Provide Dow Jones With Bankruptcy-Related Data

Sep 28 2009

Marketplace for Illiquid Assets to Provide Claims Trading Data for Dow Jones Daily Bankruptcy Review

New York, NY, September 28, 2009 – SecondMarket, the largest marketplace for illiquid assets, announced today that it has entered into an agreement with Dow Jones & Company 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,” said SecondMarket CEO Barry E. Silbert. “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.”

As the leading secondary market for the trading of bankruptcy claims, 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,” said Nicholas Elliott, managing editor of Dow Jones Daily Bankruptcy Review.

With its robust trading and auction platform, SecondMarket has established itself as the leading independent marketplace for a variety of illiquid asset classes, including 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 $1 trillion in assets.

ABOUT SECONDMARKET

Founded in 2004, New York-based SecondMarket is the largest secondary market for illiquid assets, including private company securities, limited partnership interests, auction-rate securities, bankruptcy claims, collateralized debt obligations, residential and commercial mortgage-backed securities, warrants/restricted stock and whole loans. SecondMarket, which has conducted more than $1 billion in transactions in 2009, has more than 4,000 participants, including global financial institutions, hedge funds, private equity firms, mutual funds, corporations and other institutional and accredited investors that collectively manage over $1 trillion in assets. For more information, visit www.SecondMarket.com. Copyright 2009 SecondMarket, Inc. (Member FINRA, MSRB and SIPC).

ABOUT DOW JONES

Dow Jones & Company (www.dowjones.com) is a News Corporation company (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV; www.newscorp.com). Dow Jones is a leading provider of global business news and information services. Its Consumer Media Group publishes The Wall Street Journal, Barron's, MarketWatch and the Far Eastern Economic Review. Its Enterprise Media Group includes Dow Jones Newswires, Dow Jones Factiva, Dow Jones Client Solutions, Dow Jones Indexes and Dow Jones Financial Information Services. Its Local Media Group operates community-based information franchises. Dow Jones owns 50% of SmartMoney and 33% of STOXX Ltd. and provides news content to radio stations in the U.S.
 



Mark D. Murphy

Contact Us

Mark D. Murphy
Vice President, Head of Public Affairs
mmurphy@SecondMarket.com +1 212.825.1619