For market makers
Move risk without leaking information
Whether you have axes you want to distribute across your franchise or risk you need to clear interbank, OptAxe allows market makers to do this systematically and discreetly.
What you get
Control, qualified flow, franchise protection
Control
You decide which participants see each axe: everyone with permission, a group, or named clients. You price every request in your own system, and you can withdraw an axe at any time.
Qualified flow
Requests arrive only against interest you have posted, from participants who want the other side. Manually re-pricing every request across the street is a tax on the desk. Here you price the flow you asked for.
Franchise protection
The venue is independent and the relationship stays yours. Counterparties are disclosed at the point of trade, and nobody outside a request knows it took place.
How it fits the desk
Price in your system. The venue builds to your FIX
Market makers do not re-key into another screen. Axes are posted from your own systems, requests arrive in your pricing engine over FIX, and quotes return the same way. Sales and trading can also use the web UI for visibility and manual handling. OptAxe works with your connectivity team during onboarding to map messages to your existing FIX implementation.
- Post, amend and withdraw axes by Symphony in natural language, REST/WS API, FIX or from the web UI.
- Receive requests, return firm quotes with validity, and receive executions and confirmations.
- Drop copy and REST/WS access for risk, compliance and post-trade systems.
- Symphony notifications for sales coverage.
What we do not promise
We do not promise volume, and we do not make liquidity or depth claims. What we provide to participants is the aggregate, anonymised Axe Inventory and venue statistics, so you can judge for yourself.
Regulatory position
A venue your compliance function can sign off
Authorised MTF
OptAxe Limited is authorised and regulated by the FCA (FRN 1002237) to operate a multilateral trading facility.
Regulatory statusPublished rules and fees
The Rulebook and fee schedule are versioned, dated and public. Changes are notified through the regulatory updates feed.
RulebookSurveillance and reporting
Market surveillance, trade reporting and transaction reporting are operated by the venue in line with its obligations as an MTF.
TransparencyStart with a conversation about your workflow
Tell us how your desk distributes axes today. We will show you how the venue fits, and say plainly if it does not.