This article was originally published in The DESK. Read the full piece highlighting OpenYield’s launch HERE.
Broker-dealer and alternative trading system OpenYield Trading has launched, printing its first trade.
OpenYield is designed to make access to the bond market easier and for, and enhance the existing services of, broker-dealers, advisors and asset managers.
Through what it describes as an “equity-like marketplace for bond trading”, OpenYield offers no minimums, limit and market orders. It also includes an automatic trading-oriented architecture, low-latency instant execution and a focus on odd lot economics.
Currently, algo-enabled market makers including Flow Traders, TD Securities Automated Trading and Apex Clearing have been onboarded onto the platform.
