About
The $500bn/day US Treasury market is inefficient. Dealers copy and paste each other's quotes to send back to customers. Trades aren't reported in the market, so the top five banks with the most customers run an essentially closed system. Competition suffers when investors can't connect to the same markets as securities dealers. We want to be the first fixed income market that allows investors and securities dealers to trade anonymously with each other. This new market structure will promote greater liquidity and also lead to lower transaction costs for investors. We are building the technology and the network necessary to bring investors with different ways of accessing the market into a single order book.