Traders optimize execution, expand visibility, and collapse multi-leg settlements into a single, seamless flow
BRYN MAWR, PA, UNITED STATES, August 19, 2026 /EINPresswire.com/ — Agile, a groundbreaking fintech bringing mortgage lenders and broker-dealers onto a single electronic platform, has launched its new Round Robin and extended competitive offer functionality to bring greater speed and transparency to the TBA market.
Through this update, Agile delivers key operational processes for trading desks:
Simultaneous Multi-Dealer Request for Quote (RFQ): Lenders solicit real-time market levels across their entire dealer network concurrently. Dealers gain visibility into active market demand to bid aggressively, while lenders receive transparent, side-by-side pricing to ensure best execution.
Automated ‘Round Robin’ Netting: Traders seamlessly coordinate multi-counterparty strategies, coordinating the sale of securities to one dealer while simultaneously coordinating the buy back from another, assisting users with netting out positions within a single, fully documented transaction.
Elimination of Legacy Bottlenecks: By replacing a slow single-leg settlement transaction with instantaneous multi-position transactions, Agile allows users to free up counterparty credit lines, reduces operational risk, maximizes desk liquidity, and speeds up the trade.
Agile continues to redefine secondary market technology by delivering the structural efficiency, speed, and visibility modern mortgage desks require. “Round Robin is the latest example of Agile’s commitment to delivering meaningful value to TBA market participants,” said Greg Vacura, President of Agile. “We’re proud to connect mortgage lenders to both their primary and regional broker-dealer counterparts within a Round Robin process.”
From a lender perspective, the new functionality dramatically simplifies the management of open positions and trade offsets while increasing competition for their business.
“Round Robin streamlines the process of managing offsetting positions, making it faster and more efficient for both lenders and dealers,” said Freddy Casanova, Vice President of Mortgage Trading at The Money Source. “By simplifying position netting and eliminating manual paperwork, it enhances transparency, supports better risk management, and gives firms greater flexibility to maintain balanced positions while lowering operational costs.”
Round Robin also delivers meaningful advantages for broker-dealers by simplifying trade management and improving balance sheet efficiency across counterparties.
“It’s a much more efficient way to manage and transfer risk across multiple trading relationships,” said Tom McHugh, Managing Director and Head of Mortgage Group at Cohen & Co. Securities, LLC. “The ability to offset positions in a single seamless process significantly reduces operational friction while improving transparency and liquidity management. Eliminating the manual paperwork allows our teams to focus on execution and risk management instead of administrative processes.”
Brendan Kissane, Managing Director at Cohen & Co. Securities, LLC added, “The successful implementation was supported through our close collaboration with Agile, helping deliver a more efficient and operationally streamlined trading process for the platform.”
By facilitating the transfer and distribution of risk across multiple entities, Agile’s Round Robin process helps dealers and lenders better manage market exposure while increasing efficiency throughout the TBA transaction lifecycle. All coordinated offsets are executed directly through trades themselves, eliminating unnecessary manual processes while maintaining full compliance standards.
This latest innovation further positions Agile as essential capital markets infrastructure for the mortgage industry and a leader in operational transparency, risk management, and trade efficiency.
To learn more about Agile’s Round Robin functionality, contact the Agile team.
About Agile
Agile brings together mortgage lenders and dealers of all sizes onto a single MBS fintech platform. Agile facilitates the exchange of TBA MBS by securing and automating communication between mortgage lenders and broker-dealers. Agile digitizes the historically phone-based process to an electronic platform which may improve profitability and efficiency, while reducing administrative errors. Through its competitive TBA RFQ digital platform, mortgage lenders gain access to national and regional broker-dealers previously inaccessible on digital platforms, while broker-dealers gain access to an ever-growing network of lenders. Based in Philadelphia, Agile Trading Technologies supports a national network of clients* with a team of capital markets professionals who have deep trading experience at financial organizations of every size.
*Agile is not available for retail natural person investors.
Ian Miller
Agile Trading Technologies
ian.miller@trade-agile.com
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