Our member, Direct Match, was featured Friday in The Wall Street Journal article “‘Antiquated’ Treasury Trade Draws Upstarts” by Katy Burne. Clip:

” … Jim Greco, the former vice president of rates trading at Jefferies, is planning to launch in the third quarter Direct Match, an exchange-like system for anonymous trading between any and all market participants in Treasurys, including client-to-client trading.

“Before joining Jefferies, Mr. Greco was a software developer on a Treasury algorithmic network called GETDirect for high-frequency trading firm GETco, now part of KCG Holdings, allowing banks to trade directly with KCG. In April, Direct Match raised about $3 million in seeding funding from technology firms, including IA Ventures, which invested $1.5 million.