Volume Matching

Volume Matching is an OTF auction based protocol, which offers customers the ability to trade fully anonymously at a 'mid-price' without the need to disclose direction or size. The protocol of periodic auctions and mid market matching has been extremely successful for over 15 years in the wholesale inter-dealer market. TrueQuote has repurposed this protocol to suit the needs of the wider market participant by offering an alternative to Request For Quote (RFQ) and Central Limit Order Book (CLOB). 

Key Features:

  • Regulated Organised Trading Facility (OTF)

  • Fully anonymous matched-principal trading

  • Trade at mid-price (no need to cross bid/ask spread)

  • Ability to trade in large size discreetly

  • Fully automated post trade workflow (Auto VCON and auto allocation to OMGEO CTM)

  • OMS/EMS integrated

  • No subscription or access fees. Fee is only charged on completed trades (published rate card)

Coverage

  • Global emerging markets

  • European corporate bonds

  • European government bonds

  • US corporate bonds

  • US high yield

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