STRENGTHENING
THE CLIENT-DEALER
RELATIONSHIP

WHAT WE DO

We use innovative technology to connect institutional buyers and sellers in the most illiquid sectors of the debt markets, upholding the highest ethical standards and partnering with true market investors to heal a bifurcated marketplace.

HOW IT WORKS

OpenDoor uses best-of-breed technologies via a cloud-based, web-delivered application for the entire off-the-run and inflation-protected securities (TIPS) curve, separated into customizable benchmark sectors.

By design, our Optimal Fill Algorithm ensures orders are filled at your level or better.

OpenDoor supports off-the-run outright orders combined with other off-the-run switch orders to generate live, executable on-the-run orders in the Liquidity Keychain, free of commission.

HOW IT WORKS

OpenDoor uses best-of-breed technologies via a cloud-based, web-delivered application for the entire off-the-run and inflation-protected securities (TIPS) curve, separated into customizable benchmark sectors.

By design, our Optimal Fill Algorithm ensures orders are filled at your level or better.

OpenDoor supports off-the-run outright orders combined with other off-the-run switch orders to generate live, executable on-the-run orders in the Liquidity Keychain, free of commission.

THE OPENDOOR PROMISE

YOUR PRIVACY MATTERS

  • Zero Information Leakage™
  • Anonymous, private electronic notification with no locked market – the only way to obtain information is to enter an order
  • Clearing Dealer’s middle office only sees filled amount and trading level – no visibility into the original order and size, does not see any unfilled orders 
  • Trades matched on an all-to-all basis, sell-side and buy-side clients participate on an equal footing

YOUR PERFORMANCE IS KEY

  • Data subscription and historical data (reference prices, trades, IOIs)
  • Continuous streaming of indicative prices for all 350+ U.S. Treasury CUSIPs 
  • Prices are derived from dealer quotes, order and trade data and 3rd party aggregators
  • Free access to reference pricing for all active clients
  • Proprietary value-added analytics
    • Liquidity Scores
    • Fair Value Analysis
    • Actual & Expected TCA

AND OUR PROCESS WORKS

  • Buy-side clients clear trades with the Clearing Dealer of their choice
  • Clearing Dealer acts as Riskless Principal in the transaction
  • Clearing Dealers receive a portion of OpenDoor’s fees, monetizing previous back-office investments
  • Straight-through processing and connectivity to 90+ OMS via Bloomberg TSOX

QUESTIONS?

Find answers to some of our FAQs, from who OpenDoor is for to how the matching sessions work.

FAQ

READY FOR A DEMO?

Sign up for a demo or contact us for more details. We’d love to hear from you.

QUESTIONS?

Find answers to some of our FAQs, from who OpenDoor is for to how the matching sessions work.

FAQ

READY FOR A DEMO?

Sign up for a demo, or contact us for more details. We’d love to hear from you.