Clarity – Bidrate Alternative Trading System

Unbiased

Pricing power to market participants, true market demand

Transparency

Comprehensive live market coverage for informed decision-making

Competitive

Bid driven pricing, investors and dealers engage in an integrated market

Visibility

Dynamic data enhancing the market and pre-execution view

Diversity

Targeting multiple asset classes across the globe

The state is excited about the transparency the platform provides to the market in pricing of variable rate demand obligations.
– David Erdman, State of Wisconsin Capital Finance Director

Clarity offers a diversification from the traditional remarketing agent role by allowing investors to express interest in a security through a system that provides real-time feedback in determining price and allotments of bonds. Investors’ ability to make investment decisions is enhanced with this platform.
– Pat McCoy, MTA Finance Director

Objectivity

Clarity is open to all issuers, investors, underwriters, dealers and bankers. Promoting democratization, equal access to market data, market liquidity and investor diversity, Clarity is elevating the variable-rate markets, giving a voice to market participants through active bidding to eliminate traditional conflicts of interest in pricing.

Markets & Data

Clarity is the trusted electronic global trading solution, operating as the sector-leading platform, dedicated to modernizing markets and targeting multiple asset classes and unlocking deeper market liquidity. The creation of new data sets will allow Clarity to offer a new generation of market-driven indices and indicators.

Technology

Clarity, leveraging technology, is the first montage system performing as an intuitive and elegant market driven solution, designed to transform all variable rate markets, and greatly enhance all market participants’ overall experience, analysis, intelligence and direct user-engagement.