Our auction platform was purpose-built to bring efficiency and greater certainty to the tender process for local debt securities.
Features include increased flexibility for bidders, a wide range of auction models, real time analysis as bids are received by issuers and instantaneous notification and trade processing when results are finalised.
The Australian Office of Financial Management (AOFM) uses our platform to conduct tenders for government debt securities – producing substantial savings with each basis point reduction in issuing yield reducing the cost of Australia’s debt by $170m.
The New Zealand Debt Management Office (NZDMO) and various Australian state issuers also use the Yieldbroker auction platform. The Reserve Bank of Australia (RBA) conducts its long liquidity operations using our system.