Ted Basta headshot

Ted Basta

Executive Vice President of Market Analytics & Investor Strategy

tbasta@lsta.org / (212) 880-3005

Theodore Basta is Executive Vice President of Market Analytics and Investor Strategy for the LSTA, where he manages key strategic products and partnerships, including the LSTA’s secondary trading and settlement data initiatives, the LSTA/Thomson Reuters LPC Mark-to -Market Pricing Service and the S&P/LSTA Leveraged Loan Index. In addition, Mr. Basta runs the Association’s global investor conferences and manages the LSTA’s Market Analytics team which is responsible for the LSTAs analytical and reporting initiatives all of which enhance market visibility, transparency and liquidity. Mr. Basta also manages the LSTA’s Shift Date Process, the Association’s website and social media. Finally, Mr. Basta plays an active role in speaking at industry conferences, both in the US and abroad, and has authored chapters on the secondary loan market in numerous books and market publications.

Prior to joining the LSTA, Ted was Vice President and Director of Global Pricing with Loan Pricing Corporation (LPC), where he managed the LSTA/LPC Mark-to-Market Pricing Service. During his tenure at LPC, Ted was instrumental in driving new product development and secondary market analytics, while playing an influential role in several initiatives that enhanced the liquidity and transparency of the secondary loan market.

Mr. Basta received an M.B.A. from the Zicklin School of Business at Baruch College and a B.A. in Accounting from Long Island University.

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Secondary Trading & Settlement Monthly January Summary

On Monday, February 24, U.S. stock indices recorded their worst decline in two years on concerns the coronavirus outbreak would continue to spread and begin to undermine global economic growth. In the loan market, bid levels indiscriminately dropped 18 basis points to begin the week, which worsened February’s price decline to 32 basis points.

LSTA Newsletter: February 21, 2020

This week, we start off in the markets, comparing defaults (low but rising), leverage (high but edging down), and yields (low and lowering). We move to LIBOR, announcing the new SOFR Index and Averages, and reminding members of our weekly call. We shift to the courts, providing an update on our Madden vs Midland amicus. […]

Market: Defaults, Structure & Pricing

Loan defaults climbed (slightly) this month and leveraged M&A structures have been more conservative in the last three months. These two facts likely are unrelated.