Direct Match

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Direct Match
Key People Jim Greco, CEO and co-founder
Products Trading of US Treasuries

Direct Match is a FINRA-registered broker-dealer that plans to offer an electronic trading venue for US Treasuries in 2016. The venue would allow all participants to transact on a centralized platform, with what the company calls the first "true all-to-all anonymous central limit order book (CLOB)" in the US Treasury market.

There has so far been no centralized exchange for the trading of bonds; banks make money when a customer buys a bond based on the fees the bank sets. This can create incentives in that the bank is trading against the customer, according to Jim Greco, Direct Match's co-founder. Direct Match doesn’t charge fees, which eliminates the incentive to charge against the consumer.[1]


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