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BlackBox Logic adds new brokers and fund managers in its roster

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CIOL Bureau
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DENVER: BlackBox Logic LLC, a data aggregation service company that provides database of loan-level collateral underlying non-agency residential mortgage-backed securities (RMBS) for investors, broker/dealers and researchers, announced contracts with several new clients who will use the company’s loan-level data aggregation service, called BBx DataTM, for their RMBS industry research and forecasting needs.

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BBx Data covers the Jumbo A, Subprime and Alt A mortgage markets and includes more than 7,200 residential mortgage-backed securities, 21 million loans and nearly 700 million remittance records, dating back to 1999.

New BlackBox Logic clients include Raymond James & Associates, a broker/dealer wholly owned by Raymond James Financial Inc.; Algorithmics’ Credit Advisory and Evaluations Group that plays in enterprise risk solutions and is wholly owned by the Fitch Group and Six50 Capital Management, a fund manager and consultant affiliated with Ranieri Partners and Cooperstein Analytics.

It also has Cognilytics, a provider of advanced predictive analytics, enterprise data management and business intelligence solutions across all asset classes in the financial services sector.

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“We’re proud to add trading and research leaders like these to our growing portfolio of BBx Data users,” said Larry Barnett, chief executive officer of BlackBox Logic. “We look forward to supporting their success through the data quality, depth and responsiveness we provide.”

BlackBox Logic was founded in 2007; the team spent more than two years designing and testing a beta version of BBx Data with RMBS researchers, investors and broker/dealers. The production version of BBx Data launched in January 2010.