Agile Trading Technologies vs Polly Capital Markets

What the rubric says

Agile Trading Technologies and Polly Capital Markets are both scored in Secondary & Capital Markets. Agile Trading Technologies carries an overall of 4.2, Polly Capital Markets an overall of 3.3. The widest gap between them is Return on spend, at 1.3 of a point. That axis measures what the spend returns, which is not the same as being cheap. Agile Trading Technologies takes it, 4.4 to 3.1.

Where the five axes separate

On Return on spend the record favours Agile Trading Technologies, 4.4 against 3.1. On Production impact the record favours Agile Trading Technologies, 4.4 against 3.3. On Adoption and support the record favours Agile Trading Technologies, 4.4 against 3.6. On Functionality and depth the record favours Agile Trading Technologies, 3.8 against 3.1. On Integrations and ecosystem the record favours Agile Trading Technologies, 4.1 against 3.6.

In Secondary & Capital Markets the rubric weights Production impact heaviest, at 35 percent. That is why the two overalls sit where they do.

How the weights turn axes into a score

Production impact carries 35 percent of the Secondary & Capital Markets score. It measures whether the tool moves volume, pull-through or cycle time. Functionality and depth carries 30 percent of the Secondary & Capital Markets score. It measures whether it handles the messy loans and not just the clean file. Integrations and ecosystem carries 15 percent of the Secondary & Capital Markets score. It measures how well it reaches the rest of the stack. Adoption and support carries 10 percent of the Secondary & Capital Markets score. It measures whether the team adopts it and gets unstuck. Return on spend carries 10 percent of the Secondary & Capital Markets score. It measures what the spend returns, which is not the same as being cheap.

Pricing posture

Agile Trading Technologies does not publish pricing. Its listed model is not published; broker-dealer execution platform, no license fee shown. Polly Capital Markets does not publish pricing. Its listed model is quote only, demo-gated.

Deployment and who each one targets

Deployment for Agile Trading Technologies: Cloud, reached by browser or mobile app. Deployment for Polly Capital Markets: Cloud, with bi-directional LOS APIs. Segment focus for Agile Trading Technologies: Secondary desks at hedged originators, plus the broker-dealers quoting to them. Segment focus for Polly Capital Markets: Lenders wanting a modern loan sale desk without changing hedge advisors. The two entries name different buyers.

What each record credits

Agile Trading Technologies: SEC-registered broker-dealer and FINRA and SIPC member, with no proprietary book or TBA lines. Agile Trading Technologies: MCTlive! Agile Trading Technologies: TBA request-for-quote and individual pool bidding share one screen with AOT automation. Agile Trading Technologies: Leadership named down to regulated roles, including a chief compliance officer and FINOP. Polly Capital Markets: Documents a bi-directional Encompass API with automated writebacks on loan data changes. Polly Capital Markets: Names Fannie Mae and Freddie Mac as reachable, plus private buyers like PennyMac. Polly Capital Markets: Code-free rule editor lets a secondary analyst change investor criteria without engineering. Polly Capital Markets: Live TBA benchmarking gives sellers a market reference during volatility.

What each record holds against them

Agile Trading Technologies: No parent, investor or funding history is disclosed anywhere on the site. Agile Trading Technologies: Claims compatibility with leading hedge advisory platforms but names none. Agile Trading Technologies: Homepage counters render as placeholder zeros, including broker-dealer count and monthly volume. Agile Trading Technologies: The 4.6 basis point improvement figure is Agile’s own, with no third-party audit. Polly Capital Markets: No hedging: you still pay someone else for pipeline risk management. Polly Capital Markets: No pricing, funding history, investor list or client count is published anywhere. Polly Capital Markets: Named investor connections are few, so buyer network breadth stays unproven. Polly Capital Markets: Encompass is the only LOS named, leaving other systems without a documented path.

Which one fits which shop

Best fit for Agile Trading Technologies: A lender tired of calling four dealers for a TBA quote. Best fit for Polly Capital Markets: A secondary team drowning in manual bid tape preparation and post-sale commits.

What each entry concludes

Agile Trading Technologies: Agile is an electronic marketplace for TBA and MBS pool trading. Agile Trading Technologies: It replaces the phone calls a secondary desk makes to its dealers. Agile Trading Technologies: It is an SEC-registered broker-dealer and a FINRA and SIPC member. Agile Trading Technologies: It states plainly that it carries no TBA lines and runs no proprietary trading. Agile Trading Technologies: Dealer coverage decides it, because the change only pays if your counterparties quote on the platform. Polly Capital Markets: Polly’s capital markets offering is a loan trading exchange beside its pricing engine, and its defining choice. Polly Capital Markets: You keep whoever advises your hedge and use Polly for tape creation, best execution, the commit workflow. Polly Capital Markets: The specifics are unusually concrete for this category. Polly Capital Markets: A code-free rule editor, one-click bid tapes, live TBA benchmarking and a documented bi-directional Encompass API all. Polly Capital Markets: Hedge-agnostic also means no hedging, so this cannot be the whole secondary stack.

The short answer

Agile Trading Technologies finishes ahead on the published rubric, 4.2 to 3.3. The margin comes mostly from Return on spend. Same rubric, same weights, no sponsorships.