A marketplace for illiquid asset-backed securities will include manufactured housing ABS, the company that operates the exchange said. SecondMarket, which already has platforms to trade residential and commercial mortgage-backed securities, has created the ABS platform based on the "significant interest" from its buyer and seller bases. "Over the past several months, we have seen significant buy- and sell-side interest from our market participants in a variety of securities across multiple sectors," said Elton Wells, head of structured products at SecondMarket. "The increased demand and completion of numerous ABS deals prompted us to officially launch this new market."
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