Markets

For Issuers

• Reporting on secondary market liquidity and activity.
• Greater transparency of pricing for new issues.
• Ability to participate in secondary market.
• Distribution to a wider public of investors.

For the Buy Side

• Clear through a Central Counterparty: significantly reduces counterparty risk, enables trading with more counterparties.
• Trade in a central order book for each bond: transparency of pricing and liquidity aggregation for all bond Issues traded on Galaxy™.
• Put your orders directly into the market: reduce your trading costs by making the price, not paying the bid-offer spread unnecessarily.
• Straight through processing to your internal systems: integrate Galaxy™ to your EMS/ OMS to reduce manual effort and operational risk.

For the Sell Side

• Reporting on market share and performance.
• Central Counterparty system that reduces capital costs.
• Central order book that allows easy market making through API.
• Reduction of secondary market making costs through automation.