NEW YORK, April 2025 — OpenYield has surpassed 10,000 trades in its first year, marking early traction for its fixed income ATS. The company, focused on modern bond trading infrastructure, attributes the milestone to growing institutional adoption and seamless integration into existing workflows.
In a crowded fixed income landscape, OpenYield’s approach resonates with firms seeking to streamline execution without workflow disruption. The platform offers direct FIX API connectivity and smooth integration into order and execution management systems (OEMS), allowing participants to access real-time liquidity without altering their trading stack.
“When a customer connects to us via API, they’re instantly plugged into the liquidity on the OpenYield ATS,” said Jon Birnbaum, CEO of OpenYield. “They don’t need to abandon their tech stack or learn a new screen. It just works—quietly and efficiently.”
OpenYield supports trading in U.S. Treasurys, corporate bonds, and municipal bonds. All orders are firm and matched anonymously using price-time priority. Participants include broker-dealers, investment advisors, asset managers, and more. While a web GUI is available, most institutional volume comes through system-to-system integrations.
“We designed the platform to feel invisible in the best way,” said Mark Hebert, Head of Business Development. “If you’re a trader or PM using an EMS, OpenYield instantly becomes another source of liquidity—it’s modern, low-cost, and optimized for today’s evolving market structure. It’s a no-brainer.”
Rather than promote a philosophical shift to all-to-all or continuous trading, OpenYield leans into practical, incremental utility: fast integrations, transparent pricing, and workflows that feel familiar. The platform also offers features like tiered pricing and post-trade settlement flexibility.
As of April 2025, the platform has handled over 10,000 trades across a range of counterparties. The company’s roadmap includes new trading protocols, enhanced data services, broader liquidity access, and the rollout of additional products.
“This milestone is encouraging, but we view it as a foundation,” Birnbaum added. “The next phase is about scaling access—not by changing how people trade, but by meeting them where they already are.”
About OpenYield
OpenYield Trading LLC operates a regulated ATS for U.S. Treasurys, corporate bonds, and municipal debt. The platform is designed to integrate seamlessly into the systems institutional traders already use, offering firm pricing, modern connectivity, and efficient execution. Learn more at openyld.com.
Media contact: intro@openyld.com