Jonathan Birnbaum: Modernizing the Bond Market - [Making Markets, EP.56]

EPISODE · Mar 14, 2025 · 42 MIN

Jonathan Birnbaum: Modernizing the Bond Market - [Making Markets, EP.56]

from Making Markets · host Colossus | Investing & Business Podcasts

My guest today is Jonathan 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.For the full show notes, transcript, and links to the best content to learn more, check out the episode page HERE.-----Making Markets is a property of Colossus, LLC. For more episodes of Making Markets, visit joincolossus.com/episodes.Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.Follow us on Twitter: @makingmkts | @ericgoldenxEditing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).Show Notes(00:00:00) Welcome to Making Markets(00:01:31) Technological Advancements in Bond Markets(00:02:19) Catalysts for Innovation in Equity vs. Fixed Income(00:04:41) Impact of ETFs on Fixed Income Trading(00:05:06) Emergence of New Market Participants(00:07:33) Subsectors of Fixed Income and Technology Adoption(00:08:45) Challenges in Electrifying the Bond Market(00:10:59) OpenYield's Role in the Fixed Income Market(00:15:16) Strategies for Building a Trading Venue(00:18:00) Pricing Models in Bond Trading(00:23:05) Future of Fixed Income Market Structure(00:39:17) Future Outlook Learn more about your ad choices. Visit megaphone.fm/adchoices

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Jonathan Birnbaum: Modernizing the Bond Market - [Making Markets, EP.56]

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