Marketplace
The OpenYield Marketplace is a Central Limit Order Book for U.S. Treasuries, Agencies, Corporate Bonds, and Municipal Bonds. It supports both equity-style trading (Market and Limit orders) and fixed income-style trading (Quotes and Aggressive Orders).
The Marketplace operates in New York (Eastern Time, ET; all FIX timestamps are UTC) on all SIFMA Bond trading days:
Normal trading days
| Event | Time (ET) |
|---|---|
| Servers available | 7:00 AM |
| Pre-Open | 7:30 AM |
| Open | 8:00 AM |
| Close | 5:00 PM |
| Servers disconnect | 5:30 PM |
Early close trading days
| Event | Time (ET) |
|---|---|
| Servers available | 7:00 AM |
| Pre-Open | 7:30 AM |
| Open | 8:00 AM |
| Close | 2:00 PM |
| Servers disconnect | 5:30 PM |
State transitions are broadcast as Trading Session Status (35=h) messages on all active connections. See Session State for the full message specification.