Open Trading

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Open Trading®
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Innovation that’s redefining liquidity.
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All-to-all, all in one.

Leverage the full power of Open Trading and discover solutions defined by your strategy with the Solutions Hub.

The Solutions Hub is our new interactive tool that synthesizes your needs to determine the optimal approach.

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in transaction costs saved*
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Stat (number)
16.00
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in average daily liquidity
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25.00
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average daily orders
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1800.00
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active client and dealer firms
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Put Open Trading to work for you

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Live Markets: Instant liquidity in active bonds

Our anonymous central limit order book displays fully executable, streaming liquidity in active and newly issued bonds. With commitment from Goldman Sachs, don’t miss any trading opportunities.

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Mid-X: Anonymous matching sessions at mid-market

Maximize trading opportunities through the vast Open Trading network and realize cost savings opportunities by trading at the Composite+™ mid-market price.

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When you’re in the driver’s seat, you win

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Connecting to more counterparties improves trading outcomes and lowers transaction costs whether you're a liquidity provider or liquidity taker.

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Open-Trading_Stat-Circles_1200px-1_0.pngDealers are increasingly seeking liquidity via Open Trading and realizing significant cost savings. Our research scientists help define the opportunity.

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Insights that cut through the noise

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Composite+™

Access execution-ready, AI-powered pricing content on over 30,000 bonds directly within the trading workflow.

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Axess All™

Our European trade tape shows you where the market is moving with true transparency in near real-time.

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Industry news

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Reducing friction in fixed income markets

The Economist profiles the role technology has in driving greater efficiency and less friction in various asset markets. Our all-to-all Open Trading marketplace is highlighted as the case study for innovation in the bond markets.

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An award-winning trading experience
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*Estimated liquidity taker cost savings is defined as the difference between the winning price and the best disclosed dealer cover price. Estimated liquidity provider cost savings is defined as the difference between the winning price and then current Composite+ bid or offer level (offer if the provider if buying, bid if provider is selling) at the time of the inquiry.

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