Â鶹´«Ã½

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Â鶹´«Ã½
Leading the Way

Global Â鶹´«Ã½ Finance News and Commentary
≔ Menu
Â鶹´«Ã½
Leading the Way

Global Â鶹´«Ã½ Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Industry news
  3. RBC Clearing & Custody partners with OpenYield
Industry news

RBC Clearing & Custody partners with OpenYield


16 August 2024 US
Reporter: Klea Neza

Generic business image for news article
Image: eyetronic/stock.adobe.com
RBC Clearing & Custody will now provide clearing services to OpenYield, a new bond marketplace located in New York City.

As the first alternative trading system on the RBC Clearing and Custody platform, OpenYield offers automatic execution for fixed-income securities without restrictive minimum trade sizes or fees, the firm says.

OpenYield aims to provide an efficient entry to the bond market for participants servicing retail customers.

David Aronow, business development manager at RBC Clearing & Custody, comments: “OpenYield is an exciting start-up with the potential to add significant value to all participants in the fixed-income securities market.

“We are thrilled they have chosen RBC Clearing & Custody to serve their clearing needs — both at their inception and as they grow market share.â€

Jonathan Birnbaum, founder and CEO of OpenYield, adds: “By modernising the bond trading protocol, OpenYield aims to generate a high volume of tickets, necessitating a trusted clearing broker who is both highly reliable and tech-forward.

“We view this clearing relationship as the start of a broader collaboration across their leading fixed income franchise."
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Â鶹´«Ã½ Finance Times
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →