INSIGHTS
Latest perspectives from the OpenDoor team
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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