OpenYield

Having printed its first trade today, we are pleased to announce the official launch of the OpenYield platform – a modern bond marketplace that makes it simple for institutions to provide their retail clients with the income, growth and reliability of fixed income. With no minimums, 100% firm quotes and an aggressive pricing schedule tailored to small orders, OpenYield provides a low-cost, equity-like marketplace for bond trading. To date, OpenYield has onboarded prominent algo-enabled market makers such as Flow Traders and TD Securities Automated Trading, as well as Apex Clearing Corporation (Apex Fintech Solutions) as an initial subscriber. Read the full press release here: https://lnkd.in/eQxd6ZU7 #bondmarketplace #ATS #bonds #capitalmarkets #fintech #fixedincome

Sharing Big News/Update: It has been one month since I joined OpenYield as our trading and operations lead, and I couldn’t be more excited. After a transformative 5 years at PNC, I join an incredibly strategic, innovative, and intelligent team that's building cutting-edge trading products and revolutionizing the bond market. I’m incredibly proud to be working at OpenYield - Thank you Jonathan Birnbaum & Hilton Lipschitz for bringing me into this new and exciting world! I'm beyond grateful for everyone who has supported, guided, mentored, and empowered me with endless opportunities along the way. Thank you to my incredible mentors and friends, Chris Cosentino, Matt Schiavi, Drew Bland, Rob Leppert, Brian G. DeRespiris, Marlena Stevens, Kenny Allen, Casper Yonel, Christina Anastasio. I owe my success to each of you as well as many others and I appreciate how you've helped me more than you could imagine. We have already witnessed an incredible amount of success at OpenYield... AND this is just the beginning. Please reach out if you're wondering what the future of fixed income trading looks like at OpenYield! --------------------------------------------------------------------------------------- #OpenYield #FixedIncomeTrading #MuniBonds #AlgoTrading #MarketMaking #ElectronicTrading #FinanceInnovation #TradingPlatforms #BondMarket

The launch of OpenYield is off to an exciting start. Our marketplace has robust coverage of hundreds of Treasurys, thousands of corporates, and 10,000+ munis. Prices are competitive, and are uniquely 100% firm at any size, delivering an instantaneous equity-like trading experience.  But don’t take our word for it.  We asked BondWave, an independent third party, to analyze a sample of our executions and tell us how they fared. The paid study leveraged a decades-refined methodology of comparing a single trade to a benchmark price, and then comparing that cost to peer trades.  The results were inspiring: the study found that OpenYield trades exceeded peer averages by 15 bps, and demonstrated above-average transaction quality across all categories measured. And as we anticipate growth of our dealer base, breadth and depth of liquidity stand to only improve. Check out the results: https://lnkd.in/eEqvwmhU #fixedincome #bondtrading #marketplace #transactionquality #bondmarket #financialservices

We are pleased to share that OpenYield has been featured in Datos Insights’ Q3 Capital Markets Fintech Spotlight! Analysts Adler Smith and Vinod Jain highlight how our attractive bond investing solutions satisfy increased industry demand for fixed income investment access. Non-subscribers can download a summary PDF, and Datos subscribers can dive into the full report: https://lnkd.in/efj3wxjq #fintech #capitalmarkets #bondmarketplace #fixedincome

OpenYield is pleased to sponsor this year's Fixed Income Leaders Connect Conference in New Haven, CT. We look forward to engaging with trading leadership and discussing how our marketplace can improve their execution costs and process. Be sure to reach out if you’d like to connect with our team on-site. More event details can be found here: https://lnkd.in/dYXrdAec #fixedincome #capitalmarkets #bondmarketplace Fixed Income Leaders Summit

Did you know that OpenYield's high-performance #fixedincome trading platform was built from the ground up in just 15 months? In our latest blog, Cofounder and CTO Hilton Lipschitz walks through how we utilized a custom tech stack optimized for both current needs and future growth to bring our platform to life.  Discover how we used C++, Next.js, and Rust to create a secure, scalable solution for fixed-income markets: https://lnkd.in/e7kDiq7U #Rust #NextJS #bonds

Hard to conjure a better example than TreasuryDirect to showcase the anachronisms persisting in retail bond land. In spite of the pain of using the site, accounts quadrupled to 4M last year, though now customers are experiencing a *checks article* 12 month delay to transfer securities to a brokerage for sale! Brokerages have a clear opportunity to enhance their bond trading experience to meet this demand - investors needn't veer externally for their marketable bonds. In fact, we built OpenYield to empower this exact vision. Our cutting-edge marketplace is live with Treasurys, along with corporates and munis. Rates will go up and down but investors need their fixed income allocation and the 50 trillion US bond market isn't going anywhere. The time to modernize is now. Reach out to see a demo! https://lnkd.in/e4g5q4FX

Great article from The DESK highlighting how major trading platforms saw substantial increases in their average data volumes for August. Bond trading volumes, in particular, are increasing rapidly YoY, with TradeWeb's CEO citing government bonds as a key market that contributed to an August ADV up 53.6%. We see the significant growth in venue volumes as indicative of a changing market; growth in electronic execution, increased adoption across a range of protocols and favorable market conditions have all powered this change. At OpenYield, we're inspired by this momentum as we work to further drive market accessibility. https://lnkd.in/gjZyejJB #bondmarketplace #bondtrading #tradingvolumes #investmentstrategy

In the last 48 hours, I’ve noted 3 headlines about strategic pushes to improve fixed income access: 1) Brokerages: Webull Financial launches mobile bond buying.  https://lnkd.in/dBB2AMbM 2) Advisors: Altruist launches a new bond portal for their advisors.  https://lnkd.in/dCQv8EZK 3) Asset Managers: Vanguard announces a big push into active fixed income.  https://lnkd.in/dD2nbHEB Anyone who trades bonds - retail brokerages, advisors, or institutional traders - stands to benefit from the digitization of the fixed income world. The end user interfaces vary but are universally propelled by the growing pool of electronic liquidity. The market is transforming, slowly then quickly. The consequence is better portfolios, delivered cheaper, resulting in superior returns.

Tune in to the latest episode of the "At the Forefront" podcast, where OpenYield Founder & CEO Jonathan Birnbaum joins Marty Mannion (Managing Director & Co-Head, TD Securities Automated Trading) and Barnet Sherman (Boston University Finance Professor and Forbes contributor) for a bond trading-focused roundtable. Listen in for a conversation on innovation in the bond market and how evolutions such as automated liquidity and the rise of generative #AI are leading to more efficient markets and better retail experiences ⬇ #bondmarketplace #ATS #fintech #bonds #capitalmarkets #fixedincome