Transcript
Introduction
Eric
My guest today is Jon Birnbaum, the founder and CEO of OpenYield. After over a decade in finance, Jon set out to tackle a challenge close to my heart, bringing a modern trading experience to the world of fixed income. Today he breaks down how market structure, technology, and regulation have shaped the evolution of trading platforms. We also cover the challenges of modernizing bond trading, the role of liquidity providers, and the cold start problem. Please enjoy this conversation with Jon Birnbaum.
A Primer on Fixed Income Trading
Eric
Jon, I'm excited to do this today. This is a topic that is near and dear to my heart, which is fixed income trading. Before we dive into the guts of fixed income, I think it would help people to have a bit of a landscape of equity trading which they might be more familiar with before we dive into fixed income and maybe how they compare and contrast. So in looking at the two asset classes, how would you compare the equity markets to the fixed income markets and why there might be more opportunity and potentially fixed income trading?