OpenYield | LinkedIn (original) (raw)
About us
OpenYield is the bond market powering retail, making it easy for broker-dealers, advisors and asset managers to offer attractive bond investing solutions to their clients. With no minimums, 100% firm quotes and an aggressive pricing schedule tailored to small orders, OpenYield is transforming the bond trading experience. For more information on OpenYield, visit www.openyld.com.
Industry
Financial Services
Company size
2-10 employees
Headquarters
New York, NY
Type
Privately Held
Founded
2022
Locations
Employees at OpenYield
Updates
- OpenYield reposted this
Founder & CEO at OpenYield
6d
The last two years have seen a *checks headline again* 𝐡𝐚𝐥𝐯𝐢𝐧𝐠 of costs to trade corporate bonds. Cherry-picked quotes: ⚡ "Real tipping point" ⚡ "Liquidity begets liquidity" ⚡"HFT players increasingly betting on bonds" It's incredible to not only observe permanent transition in the market, but to actively contribute with our partners through the OpenYield marketplace. What a time! See full story here: https://lnkd.in/efSmN_Td - #ICYMI: OpenYield’s bond marketplace was recently spotlighted in Barnet Sherman’s Forbes article on the "Netflixafication" of the municipal bond market. The piece highlights how alternative trading systems (ATSs) are delivering the reliability, efficiency, and automation needed to transform muni trading. By connecting retail brokerages, investment advisors, asset managers and market makers, OpenYield is building a dynamic, accessible and navigable liquidity environment designed to drive greater market adoption. Read the full article: https://lnkd.in/eqvJYH6K #munis #bondmarket #municipalbonds #ATS #marketplace #electronification #liquidity
- OpenYield reposted this
Sometimes, even writing code can feel heavy. On January 9, 2025, in light of the passing of President Jimmy Carter and following SIFMA’s recommendations, OpenYield will be closing our market early. This small software change—a few lines of C++—carries significant weight. It’s a reminder that technology doesn’t exist in a vacuum; it responds to the world around us, marking moments that matter. Here’s to building systems that respect humanity, even in the smallest details. #OpenYield -
1,674 followers
1mo Edited
We’re excited to announce Mark Hebert has joined OpenYield as Head of Business Development! Mark brings two decades of leadership in investment-grade credit trading and portfolio management, including 15 years at Morgan Stanley. At Morgan Stanley, he specialized in sectors such as Healthcare, Pharmaceuticals, Food & Beverage, Industrials, and TMT, while also leading recruiting efforts for the Fixed Income Division. Following his tenure there, Mark managed investment-grade credit trading teams at Wells Fargo and Deutsche Bank, where he significantly expanded both revenue and client engagement. Most recently, he served as a Senior Portfolio Manager at Millennium Capital. Read his full bio here: https://lnkd.in/ekaVurmjAt OpenYield, Mark will oversee business development initiatives, focusing on scaling strategic partnerships, driving adoption of the OpenYield platform, and supporting the company's continued growth. His experience and vision align seamlessly with OpenYield's mission to modernize and simplify fixed income trading. We’re thrilled to have Mark on board – his deep industry knowledge and success driving growth make him an ideal fit to lead our business development efforts as we expand our reach and refine our industry-leading platform. Join us in giving Mark a warm welcome to the team! - OpenYield’s next-gen marketplace was highlighted in Barnet Sherman’s latest Forbes article, which dives into digital transformation in the municipal bond market and the key role of ATSs in driving electronification and market adoption. Dramatic increases in SMA assets and AI-driven algorithmic trading make muni market participants ideal candidates for ATS adoption. New providers like OpenYield are at the forefront of this transformation, bridging gaps in a historically inefficient market. Our automated, connection-driven approach delivers a smarter, more seamless trading experience and a dynamic liquidity environment. Through efforts like these, the muni market is entering a virtuous cycle where greater accessibility fuels more data and better pricing. Read the full story: https://lnkd.in/eqvJYH6K #munis #bondmarket #municipalbonds #ATS #marketplace #electronification #liquidity
- OpenYield reposted this
Founder & CEO at OpenYield
1mo
Thank you BOND DEALERS OF AMERICA for hosting a productive National Fixed Income Conference in Nashville. OpenYield is proud to have sponsored the event, bringing together key players in the market. I had the privilege of moderating the panel on 𝐒𝐞𝐜𝐨𝐧𝐝𝐚𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐋𝐢𝐪𝐮𝐢𝐝𝐢𝐭𝐲 𝐚𝐧𝐝 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲, joined by seasoned practitioners Paul Hamill, Chris Fielding, Kristina Fan and George Barbar. Together, we explored some provocative questions on changes in our market. Thank you to my panelists and audience for the thoughtful participation. Below are the prompts for your consideration. I look forward to collaborating in shaping the future of these critical topics! 🔹 REFLECTING ON CHANGE We started by looking back. Imagine the BDA conference in 2022. Fast forward to today—what has changed the most for your business in the past two years? 🔹 REGULATION AND RISK MITIGATION With the SEC mandating that UST trades must be cleared by next year, Gary Gensler noted that 80% of the cash market remains uncleared, posing systemic risk. What are the consequences of this move for the market? 🔹 THE ELECTRONIC SHIFT Greenwich data shows 50% of the IG market is now “electronic,” compared to 25% just five years ago. Is this simply a continuation of existing trends, or does the majority-electronic milestone mark a paradigm shift? What’s next—and what are the upper bounds? 🔹 THE RISE OF OUTSOURCED TRADING & ALGOS As the market shifts further toward electronic trading, clients face challenges in connectivity, analytics, and scalable workflows. Will we see a rise in outsourced trading? Could broker execution algorithms become as prevalent as in equities and FX? 🔹 TOKENIZATION: HYPE VS. REALITY There’s been a lot of buzz about blockchain and tokenization revolutionizing finance. But with few clear proof points in traditional markets, is this narrative overhyped—or is our ecosystem on the brink of transformation? 🔹 ALL-TO-ALL TRADING MarketAxess reports that 35% of its volumes are now All-to-All. With liquidity increasingly provided by nonbank players and clients themselves, where does this trend lead? 🔹 PORTFOLIO TRADING EFFICIENCY Portfolio trading now represents more than 8% of corporate bond volumes. While it streamlines workflows, does it save on execution costs? Is a bespoke basket a more efficient risk transfer mechanism compared to individual trades over the long run? 🔹 MARKET MYTHS TO CHALLENGE What market narratives will be proven false? Two historic examples: clients would never trade directly with each other—debunked by All-to-All—or that the muni market is too fragmented to automate pricing. 🔹 TRADING PROTOCOLS & AI How will trading protocols change? What role might AI play? 🔹 PRE-TRADE TRANSPARENCY IMPLICATIONS With increasing pre-trade transparency, how far are we from a Reg-NMS-like mandate for broad connectivity? 🔹 CLIENT CHALLENGES What are the biggest challenges clients face today? How are they navigating?
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Funding
Last Round
External Crunchbase Link for last round of funding
US$ 7.0M