OpenDoor Trading and Broadway Technology are working in partnership to build an open trading platform for the US Treasury bond market.
According to a release, the all-to-all platform is expected to be launched in "early-Q4". "The OpenDoor platform will provide concentrated trading sessions for the growing pool of central banks, pension funds, asset management firms and other institutional investors in off-the-run (OFTR) Treasury securities and Treasury inflation-protected securities (TIPS)," according to the release.
Several central banks, large asset managers and "an array of other institutional investors," are examining the platform, according to the Jersey City, NJ-based platform provider.
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