Charles River and OpenDoor team up for all-to-all fixed income platform

Charles River Development has formalized a partnership with OpenDoor Securities to provide asset managers with access to OpenDoor’s all-to-all market-based solution for off-the-run US Treasuries and TIPS, directly from the Charles River Investment Management Solution (Charles River IMS). Under the agreement, Charles River clients will be able to participate in OpenDoor’s daily anonymous auctions from their trading blotter.

The Charles River IMS provides connectivity to leading global fixed income venues, enabling buy-side clients to source liquidity across asset classes, analyze execution quality from multiple dimensions and demonstrate best execution to investors and regulators.

OpenDoor’s unique market-based solution hosts multiple, anonymous trading auctions, concentrating liquidity at certain times of the day. The platform provides both traders and institutions with anonymous, session-based trading through a dealer-sponsored model with zero information leakage. In the six months since launch, OpenDoor’s order volume has exceeded $200 billion, with a matched trade volume of $6.3 billion.

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