Automation is rapidly transforming the fixed income space. OpenYield is optimized to deliver access to this growing form of liquidity on our cutting-edge marketplace.
USD denominated corporates across investment-grade and high-yield
Typically thousands of offerings
An expansive universe of products
Typically tens of thousands of offerings
The full curve from bills to bonds
Typically hundreds of offerings
Trading bonds is finally as easy as trading stocks. We’ve enhanced efficiency and access to the bond market through the same modern capabilities that have transformed equities, enabling all participants to take full advantage of automated actionable liquidity.
Algorithmic fixed income trading is rapidly increasing. The OpenYield ATS aggregates this growing pool of liquidity, unifies it on a single protocol and enables participants to trade with all other participants via a single connection. This centralization, combined with the elimination of last-look privileges, means traders can enjoy instant executions, pursue automated strategies and achieve greater efficiency overall.
We maintain a competitive pricing schedule designed to minimize costs, no matter your specific strategies or preferences. We are also committed to innovative means of reducing costs, such as minimizing post-trade fees through batch settlement. And more broadly, by democratizing the bond market for new audiences, we are adding to the pressure on clearing fees, regulatory reporting fees and more.
Other bond venues often show quotes with high minimum sizes, effectively pricing many retail participants and the firms that serve them out of the market. We support transactions of any size – minimum piece size or hundreds. This creates greater flexibility while exposing all participants to a new and more diverse liquidity pool.
Unique bonds quoted since launch
Average monthly volume growth
Institutional subscribers
We make it far easier to locate the information you need, rapidly access liquidity and pursue your strategies with precision. What will you achieve on OpenYield?
OpenYield is home to a diverse range of broker-dealers, asset managers and quantitative liquidity providers. The common thread: a desire to take full advantage of bond market automation.
Explore Solutions For:
Connect directly with our marketplace to pursue automated, fully customizable trading strategies at low latency
Access an intuitive user interface for easy order entry, robust lookup capabilities and impactful data services
Trade on OpenYield via your existing connections to our third-party intermediary vendor partners
Our marketplace promotes efficient trading through modern technology, 100% firm quotes and competitive pricing. Start your trading journey today.
© 2024 OpenYield Inc. OpenYield Trading LLC, a wholly-owned subsidiary of OpenYield Inc., is a broker-dealer registered with the SEC and MSRB, and is member FINRA/SIPC. OpenYield Trading LLC operates an Alternative Trading System (ATS) registered with the SEC.
The views and opinions expressed on or through this website are for informational and educational purposes only. OpenYield Inc. (and its affiliates) make no representation or warranty as to the current accuracy, reliability or completeness of, and does not accept liability for, any investment or trading decisions based on such information. Information presented does not constitute an offer or solicitation of an offer to buy/sell securities or any other products. Information presented is for institutional investor use only and is not intended for use by retail investors. Information or services offered may not be available or appropriate for use by all potential subscribers. There is no intention to offer products and services in countries or jurisdictions where such an offer would be unlawful under the relevant domestic law.
Our modern bond marketplace enables you to serve clients with modern technology, 100% firm quotes and aggressive pricing. This is the bond market you’ve been waiting for.
Reach out to us today.
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