FCA-authorised MTF for OTC FX & precious metals options
Axe-driven liquidity discovery for FX and precious metals options, on a regulated venue
OptAxe lets market makers distribute their axes to qualified counterparties, and lets the buy-side find the other side of a trade without signalling to the whole street. Post an interest, screen who is on the other side, trade on the venue.
Aug-26
$3.1bn
FCA-authorised MTF · OTC FX and precious metals options
Access consolidated liquidity directly, through the channels your desk already uses
Market makers
Post axes direct to your clients
A secure channel to the counterparties you choose. Use natural language, APIs or the UI.
Receive RFQs only on risk you care about
Targeted requests from participants on the other side, priced in your own system.
Axes
RFQs
MTF
Consolidated axe liquidity, on one regulated venue
Post. Screen. Request. Trade on the MTF.
Secure, authenticated access
Screening
Direct RFQs
Buy-side and clients
Screen only the risk you care about
Connect directly or via your OMS to screen axes pre-trade, inside the system you already use.
Send direct RFQs
Requests go only to counterparties showing an opposing interest. No broadcast to the street.
Trade discreetly
Choose who sees your interest. Keep discretion over size and timing.
Only see risk you care about
Filtered inventory and targeted requests instead of a dozen chat windows.
Lower brokerage, more liquidity
Bilateral execution on venue, without an intermediary in the middle.
Fewer manual workflows
Axe distribution, screening and reporting handled by the venue.
Who it is for
One venue for all institutional participants
Distribute axes with control
Post the risk you want to move, choose who sees it, and price requests in your own system over FIX. You keep the franchise and the relationship. The venue handles distribution, surveillance and reporting. Post via Natural Language, direct API or onto the platform directly.
For market makersFind the other side without the noise
See consolidated axe inventory in one screen instead of a dozen chats. Send a targeted request to counterparties who have shown an opposing interest, and keep discretion over size and timing. Stream axes into your own OMS or trade screen via API.
For the buy-sideConnect your clients and systems
Intermediaries can integrate with OptAxe directly, providing authenticated access to clients to screen and trade axes. Integrate across a number of APIs (FIX, REST/WS) to provide real-time market intelligence and liquidity to clients.
For OMS/EMS suppliers and VendorsThe OptAxe protocol
Post. Screen. Trade
A multi-issuer venue rather than a multi-dealer platform. Interest is posted first, requests are targeted second, and execution happens on the venue with counterparty disclosure at the point of trade.
Post
A participant posts an axe: pair, structure, tenor, direction and indicative size, with a chosen distribution list.
Screen
Permissioned participants see aggregated interest and identify where an opposing interest exists before anyone is asked for a price.
Request
A targeted request for quote goes only to the counterparties who are on the other side. No broadcast, no winner's curse.
Trade
Execution on the MTF under the Rulebook, with counterparties disclosed at the point of trade and reporting handled by the venue.
Connectivity
Connect the way your desk already works
Market makers price in their own systems and OptAxe builds to their FIX. Buy-side participants use the web UI today, with axe delivery into Symphony and a REST/WS interface for data and integration. Technical documentation is available to participants during onboarding.
FIX API
Pricing, axe posting and execution messages for market makers, from their own pricing engine.
FIX APIRegulation
Regulated venue. Published rules
OptAxe Limited is authorised and regulated by the Financial Conduct Authority (FRN 1002237) to operate a multilateral trading facility. The Rulebook, fee schedule and disclosures are published with version numbers and effective dates.
Data
Monthly axe inventory. Participant specific data
OptAxe produces an aggregated, anonymised view of where interest sat on the venue by currency pair and tenor, available to participants. Contact us if you are interested in receiving it.
Contact usAxe Inventory update
A short commentary and an inventory table for the month, with a downloadable CSV.
Request the reportStatistics
Participants can receive data around trader activity, counterparty activity, hit ratios and other bespoke statistics.
Participant statisticsInsights
Market structure, insights and articles
The next step
If you run an FX options book or trade one, the useful next step is a conversation about your workflow, not a sales demonstration. We will tell you plainly whether the venue fits.