About Cicada Cicada is the first-ever all-to-all electronic trading venue for emerging-market local-currency bonds. Through a modern execution stack including a central limit order book (CLOB), RFQ workflows, and advanced proprietary trading protocols such as Spread Trading and Double Downs, Cicada delivers direct electronic access to local-currency bond markets.

Cicada Securities is a U.S. broker-dealer registered with the SEC, member of FINRA and operates an alternative trading system built to meet the standards of global institutional participants. Cicada's mission is to create a level playing field and become the reference all-to-all venue for local EM securities.