Yieldbroker

Yieldbroker runs electronic markets for Australian interest rate securities and derivatives. It supplies market knowledge, regulatory oversight and the technology infrastructure that lets institutions trade electronically instead of over the counter.

What Yieldbroker offers

• Electronic trading markets — a venue where institutions deal in debt securities and over-the-counter interest rate derivatives.
• Government auction platform — a system governments use to tender their debt securities.
• Pricing information — benchmark valuations for local interest rate securities.
• Market operations support — the Reserve Bank of Australia uses the platform for its market operations.

Who it works with

Major financial institutions, with more than 140 of them accessing over 1200 debt securities and derivatives on the exchange, plus Commonwealth and State Governments.

Key facts

• Founded: 1999, by banks active in local debt markets
• Regulation: holds an Australian Markets Licence and is regulated by ASIC
• Benchmarks: its pricing is used by AFMA when setting the Bank Bill Swap Rate