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The global all-to-all electronic marketplace for
smarter, faster and more efficient trading.

Open Trading
®
Open Trading allows all participants,
including investors and dealers,

to trade directly with one another

anonymously on an efficient global

platform. Open Trading delivers real

price improvements by increasing

efficiencies and vastly expanding the

liquidity pool for global credit trading.

Open Trading
delivers new levels of efficiency and
price improvements through a diverse liquidity pool.

Enhanced liquidity.

Demonstrable price

improvements.

Seamless integration.

Open Trading is how.

price improvement for US

Investment Grade spread trades

1,700+

$4
bn
$490
mm
1.41
bps
global credit institutions create an

unparalleled liquidity pool

average daily volume*

transaction price improvement*

Open Trading advantages
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