OpenBondX is a FINRA-registered broker dealer and SEC-registered Alternative Trading System (ATS) that provides an effortless, transparent matching service for on-the-run US Treasury Securities.
Our mission is to disrupt the developing monopoly for secondary market trading in the US Treasury securities market by bringing fair, transparent and efficient electronic trading available in other markets and asset classes to all participants in the institutional bond markets.
100% electronic - OpenBondX offers a fully anonymous all-to-all limit order book (CLOB) with visible and firm prices, and ultra-tight pricing increments. Other attributes benefiting a more diverse user base include a low, transparent fee structure, centralized clearing, and built-in risk management controls.
The platform is intuitive and easy-to-use, and users can access OpenBondX via web browser interface, OUCH/ITCH, FIX 4.4, and through third party vendors.