SecondMarket is the largest centralized marketplace and auction platform for illiquid assets, such as auction-rate securities, bankruptcy claims, collateralized debt obligations, limited partnership interests, private company stock, residential and commercial mortgage-backed securities, restricted securities and block trades in public companies and whole loans. SecondMarket's online auction platform has over 5,000 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 available for investment.

Our hybrid transaction model harnesses the power of technology and experienced sales and trading professionals to bring a unique, effective solution to creating liquidity in illiquid markets. Our online trading platform not only provides a centralized location to bring buyers and sellers together and provide transparency, but it also enables us to offer a variety of auction formats, including English auctions, Dutch auctions, sealed bid auctions, reverse auctions, and SecondMarket's patent-pending ManhattanAuctions. Further, our trading platform utilizes a proprietary matching algorithm to pair buyers and sellers. Our advanced technology is enhanced by our teams of specialists that support each market. They provide the high-touch experience necessary to guide and educate buyers and sellers to ensure that trades get done.

SecondMarket facilitates all administrative and settlement support services for executing both private and public transactions involving illiquid assets. We have the expertise to handle even the most complex transactions efficiently. Our team manages the entire process, from pre-sale due diligence through execution and settlement, to ensure regulatory compliance and the most efficient settlement possible.