- What is BAM?
- Who can use BAM?
- What types of assets will you find on BAM?
- Why is BAM an essential tool for illiquid trading?
- Is BAM an exchange, a broker, a dealer or an investment advisor?
- Does BAM clear trades or take custody of client funds?
- Does BAM own any of the assets posted on its platform?
- What differentiates BAM from other trading platforms?
- How is BAM paid?
- What problem does BAM solve?
- How does BAM solve those problems?
- How robust is BAM’s system performance?
- Does BAM perform user KYC?
- What is the nature and privacy of the communication between users on BAM?
- What type of information do users see? Who controls it?
- How will a user know if the information is authentic?
- How is information protected on the BAM system?
- Does BAM sell information or analyses?
- What are BAM’s trading protocols?
- Can a seller post offers?
- Can a potential buyer post bids?
BAM is a unique and essential marketplace for secondary trading of illiquid financial assets. A place where professional institutional accredited investors (buyers and sellers) act internally or interact externally: they get help organizing their information and can bid, ask questions, negotiate and find matches for their asset preferences. BAM is not a broker dealer and does not charge a commission on any consummated transaction. BAM is focused on generating tremendous cost savings and efficiencies for its clients in finding and negotiating illiquid assets.
Institutional accredited investors, buyers and/or sellers of illiquid assets.
Non-commoditized/illiquid financial assets such as performing, distressed or defaulted assets in various forms (bonds, loans or trade claims, structured credit etc). The BAM platform, designed to be flexible, enables users to dictate their interest and to post virtually any type of hard-to-trade asset.
BAM creates efficiencies in workflow management --it enables users to find assets and counter-parties interested in trading illiquid assets of their interest. Besides the power of a network of market professionals. Among BAM's functionalities: no sifting through inefficient email blasts looking for the needle in the haystack and anonymous conversations identification is not revealed unnecessarily.
No, BAM is neither an exchange or a broker dealer. It does not take custody of user assets or handle user funds.
The BAM platform software, algorithms and data base is to facilitate workflow processes, price discovery and the framing of investment decisions that ultimately lead to increase liquidity for our users.
No, BAM does not take custody of assets or handle client funds. Since BAM is neither a broker, dealer investment advisor or exchange BAM does not include settlement facilities; buyers and sellers must mutually agree on acceptable ways to settle transactions they wish to consummate, including introducing third parties/brokers.
No, BAM owns none of the assets on its platform and has no vested interest in the consummation of any transactions which may occur.
There are several important reasons that differentiate BAM from others in the space:
BAM is not a broker dealer. It has no vested interest in the consummation of a transaction or in it’s price or spread.
BAM is completely independent from any financial group--though financial groups are clients of BAM and may post assets to the platform. As a completely independent service provider BAM takes no sides, favors no assets, recommends no assets.
BAM focuses on providing BUYERS and SELLERS the safest platform to enhance liquidity for illiquid assets via its various search, research, alert and matching modules.
BAM never tells investors what to do. Instead we equip them with unbiased solutions to make better investment decisions and to better negotiate for themselves.
Our users pay annual access fees and/or asset posting fees.
BAM charges no success or hidden fees.
BAM does NOT sell any information posted on the platform.
BAM is focused on solving the illiquidity problems inherent in transacting in fragmented, non-commoditized assets--especially in credit secondary markets.
Creating and leveraging network economies and workflow efficiencies.
BAM’s platform software, algorithms and data base facilitate workflow processes, negotiation, price discovery and the framing of investment decisions while reducing informational leakages.
BAM not only increases system liquidity but it generates tangible cost savings and increased revenues for its users.
BAM is hosted on the highly scalable Amazon Web Services server (and is ready to soon be on multiple servers) ensuring users the most reliable and fastest access globally. The application is based on the Node.js environment and developed with high-efficiency search and query algorithms ensuring lightning-fast server response times.
Though BAM is not a broker dealer we perform user identity checks, including vendor provided checks. We continue to research different advanced technologies (e.g., blockchain for ID verification) to improve this process.
A buyer and a seller communicate privately on the platform using an asset centric focus.
All communication between a seller and a potential buyer only happen with the objective of consummating a specific asset transaction. All BAM communications (chats and bids) are initially anonymous and remain so until both parties agree to disclose their identities to one another.
All private information -by buyers and sellers- remains that way until the specific buyer or seller decides to disclose it.
Sellers fully control their assets and their asset disclosures on the BAM system.
Unless a seller applies viewership filters, all users see the same public posting information.
In addition to publicly posted information, the seller, at his/her discretion, can grant potential buyers viewership rights to private information- which may first be subject to the signing of an NDA.
Firstly, BAM users must be institutional accredited investors.
Secondly, BAM performs checks to ensure their status.
Finally, BAM reserves the right to remove any user and/or asset(s) from the marketplace should it deem appropriate. Additionally, assets may be removed or rendered inactive should additional editing or details be necessary to meet posting requirements.
To ensure that all of your information is highly secure, BAM stores all your information in a multiple-redundancy database in a Virtual Private Cloud, ensuring none of it will get lost.
BAM works towards keeping your most sensitive data encrypted. Already all user passwords are encrypted so that nobody but you can get access to it even with a full database access.
BAM allows sellers to choose from a few options (incl. Negotiations with time blockage, and “offline prices only”).
Given the nature of the illiquid assets and the lack of a unique trading protocol, BAM offers a few different alternatives for asset owners to choose from. BAM provides flexibility for its users to decide on the market microstructure they see fit.
Yes, the seller has complete control.
The seller can choose to post an offer when initially posting the asset or choose to post no price.
In responding to interested buyers the seller can reply exclusively to the interested party or post an offer generally to all BAM clients (excluding those specifically filtered by the seller).
No. Buyers can only submit bids privately to sellers.