E211: Disrupting The $100 Trillion Bond Market
What would the bond market look like if it were built today? In this episode, I speak with Dylan Parker, CEO & Co-Founder of Moment, the operating system for fixed income that unifies trading, portfolio construction, and risk/compliance—and automates the workflows wealth platforms run every day. We dig into how fixed income finally went electronic, why half of bond trading still happens by phone or chat, and how Moment can build customized ladders in seconds instead of hours. We also unpack the (surprisingly big) after-tax edge in munis, and Dylan’s lessons from building automated credit trading at Citadel before raising a $36M Series B led by Index Ventures this summer.
Highlights:
- Fixed income lags equities—workflows still fragmented.
- ~50% of bond trades still done by phone/chat.
- Smart routing enables millisecond auto-execution.
- Custom muni ladders built in 5–10 seconds.
- Automation drives 25–50× productivity gains.
- LPL ($1.94T AUM) adopted Moment’s OEMS.
- Clients include LPL, Hightower, and fintechs.
- Bonds enable unique tax-loss harvesting benefits.
- $145T fixed income market exceeds global equities.
- Building “ironclad” infra vs. move-fast culture.
Guest Bio:
Dylan Parker is the CEO & Co-Founder of Moment, a New York–based company building the first operating system for fixed income for wealth platforms and institutions. Before founding Moment, Dylan was a quantitative trader/researcher at Citadel Securities, where he and his co-founders worked on automated credit trading. He co-founded Moment with Ammer Soliman (COO) and Dean Hathout (CPO)—a team with deep fixed-income expertise and top-tier engineering that recently closed a $36M Series B led by Index Ventures (with participation from a16z, Lightspeed, Venrock, Neo, and Contrary).
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LinkedIn: David Weisburd: https://www.linkedin.com/in/dweisburd/ Dylan Parker: https://www.linkedin.com/in/dylan-parker-9b68b3134/
Links Moment: https://moment.com/
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Transcript
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