LIQUIDITY UNLOCKED

Discreet Electronic Trading for Off-the-run US Treasuries and TIPS

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LIQUIDITY UNLOCKED

Discreet Electronic Trading for Off-the-run US Treasuries and TIPS

LEARN MORE

WHY OPENDOOR

OpenDoor provides anonymous OFTR and TIPS trading with Zero Information Leakage™, fully compliant straight-through processing and connectivity to 90+ OMS.

PRIVACY

Your trade information is valuable; don’t give it away

  • Discreet forum for efficient mid-market execution opportunities
  • Move larger blocks without moving the market
  • Anonymous Pre-trade price transparency

PERFORMANCE

More fills at better prices

  • Continuous pricing across the yield curve
  • Reliable, market neutral, reference data
  • Historically, the majority of our executions take place at the mid.*

*Source: Trades executed between 4/25/2017 – 11/07/2019

PROCESS

Stress-free access to the market

  • Fully compliant workflow
  • Non-disclosed trade processing, from order to settlement
  • Available connectivity to over 90 OMSs via TSOX
  • Flexible interface (OpenDoor GUI, API or proprietary integration)

OpenDoor – Your First Look Platform

WHY OPENDOOR

Trade Anonymously

Unlike the current RFQ model, OpenDoor delivers complete anonymity with Zero Information Leakage™ of your orders.

Maintain Relationships

OpenDoor’s model removes the friction between buy-side and sell-side, enabling non-toxic trade flow strengthening buy-side and sell-side relationships.

Restore Liquidity

Concentrate trading at specific times, bringing buyers and sellers onto a single platform magnifies liquidity.

Reduce Costs

OpenDoor provides users with a unique ability to transact at their level or better. Users may experience better fills with execution at prices better than orders entered on the platform.

THE FORGOTTEN 98%

On-the-Run Vs. Off-the Run US Treasuries

The 6 on-the-run issues represent 1.5% of total outstanding issuance, yet account for nearly 68% of average daily trading volume.*

OTRs are a TRADER’s market 

The other 300+ OFTRs represent 98.5% of total outstanding issuance, yet account for just 32% of average daily trading volume.*

*Source: US Treasury and FINRA data September 2019

OFTRs are an INVESTORS market

OPENDOOR IN ACTION

NEWS & INSIGHTS

REUTERS: U.S. Treasury market faces structural issues even as liquidity improves

April 22, 2020 – OpenDoor CIO Josh Holden spoke with Reuters’ fixed income reporter Karen Brettell about the structural issues hampering US Treasury markets and offered some of OpenDoor’s Liquidity Score data to illustrate how COVID-19 has impacted liquidity levels over the last month.

OpenDoor Securities @OpenDoorSec
Voting for this year's #WatersRankings has been extended until Friday, June 5. OpenDoor is a finalist for Best Cros… https://t.co/qTzaA2wvp3
h J R
OpenDoor Securities @OpenDoorSec
Today is the final day to vote in this year's #WatersRankings where OpenDoor is a finalist for Best Crossing Networ… https://t.co/cNQx8zJYKc
h J R

OPENDOOR IN ACTION

NEWS & INSIGHTS

REUTERS: U.S. Treasury market faces structural issues even as liquidity improves

April 22, 2020 – OpenDoor CIO Josh Holden spoke with Reuters’ fixed income reporter Karen Brettell about the structural issues hampering US Treasury markets and offered some of OpenDoor’s Liquidity Score data to illustrate how COVID-19 has impacted liquidity levels over the last month.

OpenDoor Securities @OpenDoorSec
Voting for this year's #WatersRankings has been extended until Friday, June 5. OpenDoor is a finalist for Best Cros… https://t.co/qTzaA2wvp3
h J R
OpenDoor Securities @OpenDoorSec
Today is the final day to vote in this year's #WatersRankings where OpenDoor is a finalist for Best Crossing Networ… https://t.co/cNQx8zJYKc
h J R

THE INDUSTRY IS WATCHING

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