Chart of the Week: Dutch Auction Growth Since Launch

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This week’s chart breaks down the average number of auction responses per issuance since we launched the auction system in March. Through October, we’ve received over 8,350 bids in 33 auctions.

We believe the auction system adds another layer of transparency to our platform, giving investors a direct channel to voice their risk tolerance levels, while ensuring loan originators are given more clarity around the bookbuilding process.

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