Yieldbroker is now Tradeweb Australia. For more details, click here.

Get unrivalled liquidity in our electronic markets

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

As the specialist in AUD and NZD bonds and swaps, we provide institutional investors superior price transparency, unrivalled dealing flexibility and liquidity from up to 19 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

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

  • 28 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

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 service tailored to the issuance practices of this market, allowing enhanced operational efficiency and assured execution

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).

Trading Calendar

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

* Limited markets are open on NSW holidays. The ratesheet is not published. London session is open.
** Tradeweb Australia trading will cease at 12:30 PM on these days in line with ASX24 trading of Bond futures. The ratesheet is published at 1:00 PM. London session is not open.

  • 1 Jan 2024

    Monday - New Year's Day

  • 26 Jan 2024

    Friday - Australia Day

  • 29 Mar 2024

    Friday - Good Friday

  • 1 Apr 2024

    Monday - Easter Monday

  • 25 Apr 2024

    Thursday - Anzac Day

  • 10 Jun 2024

    Monday - King's Birthday *

  • 5 Aug 2024

    Monday - Bank Holiday *

  • 7 Oct 2024

    Monday - Labour Day *

  • 24 Dec 2024

    Tuesday - Christmas Eve **

  • 25 Dec 2024

    Wednesday - Christmas Day

  • 26 Dec 2024

    Thursday - Boxing Day

  • 31 Dec 2024

    Tuesday - New Year's Eve **

  • 01 Jan 2025

    Wednesday - New Year's Day

  • 27 Jan 2025

    Monday - Australia Day Holiday

  • 18 Apr 2025

    Friday - Good Friday

  • 21 Apr 2025

    Monday - Easter Monday

  • 25 Apr 2025

    Friday - Anzac Day

  • 09 Jun 2025

    Monday - King's Birthday *

  • 04 Aug 2025

    Monday - Bank Holiday *

  • 06 Oct 2025

    Monday - Labour Day *

  • 24 Dec 2025

    Wednesday - Christmas Eve **

  • 25 Dec 2025

    Thursday - Christmas Day

  • 26 Dec 2025

    Friday - Boxing Day

  • 31 Dec 2025

    Wednesday - New Year's Eve **

We connect 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.