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Get unrivalled liquidity in our electronic markets

$330 billion monthly
140 major financial institutions
1200+ debt securities and OTC interest rate derivatives.

The interest rate market impacts and influences all levels of corporate and personal finance. It is intrinsic to the health of the Australian and New Zealand economy.

We’ve built the infrastructure that has enabled two decades of trust within the local financial markets. Our extensive coverage of financial instruments in the AUD and NZD debt capital markets is one of the reasons our clients say they value us.

Dealer-to-Client Bonds and Swaps

The specialist in AUD and NZD bonds and swaps, Yieldbroker provides institutional investors superior price transparency, unrivalled dealing flexibility and liquidity from up to 17 price makers.

Unique bond trading model combines D2C and D2D liquidity, resulting in superior transparency and pricing tension for institutional investors.

  • Broad transaction type offerings – outright, MOC, switch, the only platform to support EFP
  • Comprehensive product range – Govt, Semi, Inflation Linked, Supra, Corporate, FRNs and NZ
  • Access to executable axes and iceberg volume
  • Flexible trade options including RFQ, RFM and Click to Trade

A comprehensive swap platform focussed on delivering an efficient, transparent market that helps clients meet all their regulatory and compliance needs.

  • Support for fully bespoke RFQs across all AUD rates products – both cleared and uncleared
  • Broad transaction type offerings – the only platform to support EFP trading
  • Full STP available to OMS, MarkitWire and Traiana

Interbank Bonds and Swaps

Yieldbroker offers a comprehensive and highly liquid interdealer trading platform. Highly competitive brokerage and full STP facilitates the efficient clearing of dealer risk.

  • 23 leading dealers pricing across bonds and swaps
  • trading functionality includes RFQ, Order book and midpool
  • Bond Pricing for AUD & NZD Government, Semi-Government, Inflation-linked, SSA, FRN, and Credit bonds across outright, EFP and switches
  • Swaps execution for IRS, OIS, SPS, AUD Basis, Bills Libor, BOBS across outright, EFP, spreads and flys

Short Term Interest Rates

Repo offering that provides dealing efficiency and market transparency for AUD$ Repo market participants.

  • Indicative GC curve from 1week to 6months
  • Execute on a fixed or floating rate basis across a range of GC baskets and specific bonds (Government, SSAs and Credit)
  • STP supported by FIX messaging prototcol
  • RFQ for D2C will be offered from mid-2019

NCD execution across both interdealer and dealer-to-client markets, with CLOB and RFQ dealing.

  • Approved Trading Vendor (ATV) for the mandatory reporting of prime bank NCD transaction in BBSW benchmark rate calculation
  • Non-prime NCD platform in development

Auctions

An intuitive and flexible auction platform customised to the needs of both issuers and investors.

  • Required platform to participate in AOFM, NZDMO, LGFA and most Australian State issues
  • Facilitates RBA long-end Open market operations
  • Issuer management of bidder authorisation
  • Live monitoring of bidding process with instantaneous publishing of results

How we’re helping to shape Australia’s interest rate markets

With billions of dollars traded annually in our electronic markets, even small improvements in efficiency can have an enormous impact. That’s where our specialty lies.

  • Facilitating relationships

    Our bespoke electronic trading solution facilitates relationships between market participants and regulators to produce unrivalled liquidity in AUD and NZD debt capital markets. This gives users transparent access to the best real-time trading opportunities.

  • Reducing transaction costs for all participants

    By tightening pricing and lowering fees, we’re reducing transaction costs for market participants.

  • Tailoring our markets to local requirements

    We tailor our markets to match the requirements of a broad range of local debt securities and derivatives.

  • Pricing clarity

    The clarity of our pricing information has made us the recognised source for valuations for local interest rate securities, and is used by The Australian Securities Exchange (ASX) when determining the official Bank Bill Swap Rate (BBSW).

2019 and 2020 Trading Calendar

Our platform and markets are closed for trading on these public holidays in 2019 and 2020:

* Limited markets are open on the NSW Bank Holiday (London session is open).
** Yieldbroker trading will cease at 12:30 on these days in line with ASX24 trading of Bond futures. London session is not open.

  • 1 Jan 2019

    Tuesday - New Year's Day Holiday

  • 28 Jan 2019

    Monday - Australia Day Holiday

  • 19 Apr 2019

    Friday - Good Friday

  • 22 Apr 2019

    Monday - Easter Monday

  • 25 Apr 2019

    Thursday - Anzac Day*

  • 10 Jun 2019

    Monday - Queens Birthday Holiday*

  • 7 Oct 2019

    Monday - Labour Day*

  • 24 Dec 2019

    Tuesday - Christmas Eve **

  • 25 Dec 2019

    Wednesday - Christmas Day

  • 26 Dec 2019

    Thursday - Boxing Day

  • 31 Dec 2019

    Tuesday - New Year's Eve **

  • 01 Jan 2020

    Wednesday - New Year’s Day Holiday

  • 26 Jan 2020

    Monday - Australia Day

  • 10 Apr 2020

    Friday - Good Friday

  • 13 Apr 2020

    Monday - Easter Monday

  • 8 June 2020

    Monday - Queens Birthday Holiday *

  • 5 October 2020

    Monday - Labour Day *

  • 24 Dec 2020

    Thursday - Christmas Eve **

  • 25 Dec 2020

    Friday - Christmas Day

  • 31 Dec 2020

    Thursday - New Year's Eve **

We connect over 140 major global financial institutions that collectively help to shape Australia’s financial markets every day. Learn how you can be a part of our network.