A digital broker-dealer designed to serve clients.

Liquidity as principal — our principal service.

The best way to increase liquidity in fixed-income markets is to provide it as principal — consistently. We built Elefant Markets around a fully digital workflow, from RFQ to settlement, because our institutional clients deserve less talk and more prices.

Our Difference

Market intelligence powers our analytics, analytics drive our prices.

Elefant Markets sees the vast amount of financial data as an opportunity — to give our best prices and help our clients. And we use the same objective analytic process on every response, regardless of institutional investor.


Better systems for superior service.

Digital trading is the future of fixed-income markets, and our analytics, pricing, and risk management are fully electronic. We replace subjective pricing by creating objective valuations — so our clients can always rely on us.

Elefant Markets is so confident in our method that we’ll never ask for relief on a trade, ever.

Advanced Analytics

We use a range of data sources to create base prices on bonds, in response to our clients. And our accuracy improves with every trade.

Objective Pricing

Elefant software modifies our base prices to reflect our balance sheet costs and risk positioning. We use the same process on each inquiry so every client receives competitive pricing.

Focused Service

Our clients deserve high response rates and consistency of pricing — delivered on electronic trading platforms.


RFQ or email, you’ll get a response.

Full-service digital bond trading isn’t a contradiction. Our goal is top-tier response rates, regardless of market conditions. Drop us a line if you’re an institutional fixed-income investor and interested in learning more.

Email Us

Bond people who see the future.

We did time at the big firms — and saw the inefficiencies of legacy technology. Elefant Markets exists to better serve our clients and community. We’re a growing team looking for talented colleagues, so don’t be shy if you think there’s a better way to do business.

Cactus Raazi

President + Chief Compliance Officer

Ehsan Yousefzadeh

Chief Operating Officer

Paul Chered


Nick McKay


Arang Varadhachary

Head of Trading

Veronica Reveron


Shirley Chan


Maritere Escobar


Zelma Collazo