|Key People||Jim Greco, CEO and co-founder|
|Products||Trading of US Treasuries|
Direct Match is a FINRA-registered broker-dealer that plans to offer an electronic trading venue for US Treasuries in 2016. The venue would allow all participants to transact on a centralized platform, with what the company calls the first "true all-to-all anonymous central limit order book (CLOB)" in the US Treasury market.
There has so far been no centralized exchange for the trading of bonds; banks make money when a customer buys a bond based on the fees the bank sets. This can create incentives in that the bank is trading against the customer, according to Jim Greco, Direct Match's co-founder. Direct Match doesn’t charge fees, which eliminates the incentive to charge against the consumer.
Products and Services
- Jim Greco, CEO and co-founder
- Kristi Neller, head of sales and co-founder
- William O'Brien, executive chairman