Fixed Income Future Leaders USA 2017

May 16-May 18, 2017

Westin Copley Place - Boston

44 (0)207 368 9330

Susan Estes

Opendoor Trading

Day 1- Wednesday May 17th 2017

13:40 PM Industry Perspective: TRACE for Treasuries- How can regulators work to improve transparency in the deepest, most liquid fixed income markets of the world?

  • Aligning transparency in corporate bonds and treasuries- What steps are being taken to improve transparency in the treasury space?
  • How are regulators going to use the new treasury data to help prevent future potential flash crashes?
  • Trade reporting for treasuries- Will this lead to further regulation on treasuries to prevent another flash crash?
  • Is corporate bonds and TRACE a suitable roadmap- What has been learned from transparency and reporting in other markets?
  • Is there potential to make Treasury TRACE data available for public disclosure and if so when?

On April 25th, OpenDoor launched an innovative trading platform specifically designed to reliquify off-the-run Treasuries and TIPS. The platform is all-to-all, session-based and anonymous. OpenDoor offers free access to the browser-based platform, and the blind platform ensures zero information leakage. The combination of these features offers traders and fiduciaries the perfect venue to enforce best execution protocols. In order to preserve existing dealer relationships as well as the post trade process, the end-user chooses the dealer it wishes to face for settlement and clearing. While dealers are encouraged to trade on the platform for their proprietary desks, their primary role is as your clearing agent.