‘No last look’ bond platform OpenYield prepares to launch
Start-up aims to give retail brokers the same electronic liquidity used by the professionals
Start-up OpenYield is preparing to launch a new fixed-income platform aimed at giving investment advisers, wealth managers and their clients the kind of routine access to competitive electronic liquidity taken for granted by institutional investors.
The Securities and Exchange Commission (SEC) authorised OpenYield to begin operating as an alternative trading system (ATS) in October. It is set to launch in 2024, offering trading of institutional grade and high yield corporate debt, US municipal
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