INSIGHTS
Latest perspectives from the OpenDoor team
The Status Quo in US Treasuries
The status quo in US Treasuries is no longer sufficient and the COVID-19 pandemic has reinforced that. OpenDoor is a supplemental alternative and is ready to help move this integral market forward. Michael Cashel explains how.
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OpenDoor’s Holden Talks Data Strategy in Treasuries
In the third and final installment of his video series on data usage in US Treasuries, OpenDoor CIO Josh Holden outlines the importance of having a robust data strategy when approaching off-the-runs and TIPS.
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OpenDoor’s Holden Talks Data in Treasury Trading
In Part 2 of his series with Markets Media, OpenDoor CIO Josh Holden discusses data in the U.S. Treasury market — how it compares with other asset classes and how it’s bifurcated between the on-the-run and off-the-run markets.
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OpenDoor’s Holden Talks US Treasuries Market Structure
In the first of a three-part series with Markets Media, OpenDoor CIO Josh Holden examines some of the biggest structural hurdles facing the $16.2 trillion US Treasury market and how these issues differ between on-the-runs and off-the-runs.
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OpenDoor’s CIO Josh Holden Outlines the Key Considerations for Fixed Income Best Execution
In the fifth and final installment of his thought leadership series with Markets Media, OpenDoor Chief Information Officer Josh Holden discusses the key considerations when approaching best execution in fixed income and why these factors are pivotal in a marketplace that continues to evolve.
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OpenDoor’s CIO Josh Holden Breaks Down Best Ex in Fixed Income Versus Equities
In Part 4 of his video series with Markets Media, OpenDoor CIO Josh Holden takes a look at how best execution practices within the equity markets differ from how best execution is approached in fixed income and why transparency plays a key role.
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OpenDoor’s CIO Josh Holden Examines the Future of Best Ex in Fixed Income
In Part 3 of Josh Holden’s Markets Media thought leadership series on best execution, OpenDoor’s Chief Information Officer examines the future of best ex in fixed income and how TCA should be factored into these strategies.
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OpenDoor’s Josh Holden Discusses the Evolution of Fixed Income Best Ex
In Part 2 of his thought leadership series with Markets Media, OpenDoor’s CIO Josh Holden discusses how best execution practices in fixed income markets have evolved in recent years and where we can expect them to go in the years to come.
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OpenDoor’s Josh Holden Outlines Best Ex Practices in Fixed Income
In part one of a five-part series, OpenDoor’s Chief Information Officer Josh Holden sat down with Markets Media to offer his insights on how best execution practices are being approached across the fixed income market and why best execution in bond markets is unique compared to strategies within other asset classes.
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Marie Patton Discusses Winning CAO of the Year
OpenDoor’s Marie Patton was recently named Chief Administrative Officer of the Year at the Markets Choice Women in Finance Awards. In this video interview with Markets Media, she discusses winning the award and how women are now playing a much larger role on Wall Street and capital markets since she started working in the industry.
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TRACE Reporting for Treasuries: One Step at a Time
OpenDoor’s Managing Director and Chief Compliance Officer Michael Paulus outlines how TRACE reporting has impacted broader fixed income markets and what can be expected from regulators regarding greater transparency of the US Treasury market and how this will affect overall investor confidence.
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Lauren Gardner speaks at Empire Startups Fintech Conference about pain points in the US Treasury Market
OpenDoor Managing Director Lauren Gardner recently spoke at the Empire Fintech Startups Conference in San Francisco and discussed why the pain points in the US Treasury market persist, what can be done to address them, and how the OpenDoor market solution fits into the mix.
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The Cost of Bilateral Trade Disclosure
Congratulations to LiquidityEdge for stepping up to help address the liquidity issues in OFTR Treasuries. For the market to be able to absorb the ever increasing supply of Treasury issuance, over 98% of which quickly end up in the OFTR bucket, there will need to be many winners in this space.
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Viewpoint: Technology for OFTR securities
The tripling in size of the US Treasuries market over the past decade hides the uncomfortable fact that daily trading volumes of all US Treasuries have remained virtually static at about $500 billion. So why has daily turnover slumped from around 10% of the total issuance ten years ago, to just 3% today? A look at the dramatic changes in market structure over this time provides some clues.
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Keynote Speech | STA Women in Finance Symposium
It’s so nice to be here today. And so good to see you all, a room full of women in finance. I mean it’s not my regular experience and I am guessing it isn’t a regular experience for you either. I am very honored to be the keynote for the second annual Women in Finance Symposium.
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Keynote Speech | Big Data U.S. Fixed Income: Who’s Your Daddy?
I must say it is a daunting experience not only to be addressing this audience, but to be following such a distinguished list of panelists and speakers with such clear thinking about the future of Big Data.
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OpenDoor Invitation Works Wonders
For Michael Paulus, the chance to join the management team of OpenDoor Securities was an opportunity to put his decades of banking and public sector experience to use in an exciting new, but related way.
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The Evolving Structure of the U.S. Treasury Market and its Impact on Incumbent Dealers
A lot is going to change in the next few years for the US Treasury market. Not all of this will be good for the stability and health…
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Top 10 Challenges for the U.S. Treasury Market
The U.S. Treasury market has never been larger or – in some segments – as active. So what are the challenges and the possible warning signs that investors should be heeding?
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Context is Everything
The volatility that the bond markets experienced on October 14, 2014 was unlike any other, not due to the extent of the price swings but because of the impact on the market.
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Treasury Buybacks: Not So Fast
The idea of a U.S. Treasury buyback program has major drawbacks for the U.S. Treasury, end-investors, and even the Federal Reserve.
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Treasury Market Liquidity: The Forgotten 98%
The Fed and the Treasury describe the U.S. Treasury market as, “the deepest and most liquid government securities market in the world.
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Investment Managers Need Access to Better Pricing in Treasury Market
Lack of liquidity in a key sector of the government bond market is now costing institutional investors billions of dollars annually in sharply widening bid/offer spreads.
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Opening the Door to a Better Market Structure
While there is broad agreement about the liquidity challenges of the US Treasury market, there is still much debate on how best to address them.
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