Features

Three great reasons to trade with ODEX:

  1. No legacy technology, designed from the ground up to accommodate the new environment
  2. Costs benefits for Dealers and Participants
  3. Focus on technology, innovation, and customer service

Version 1.0 platform includes:

  • Central Limit Order Book – i.e. a matching engine
  • RFQ – Request for Quote
  • RFI – Request for Indication
  • Linkage to CCPs
  • Interest Rate Swaps (incl. spread over treasury)
  • FRAs and OIS
  • Spreads and Butterflies
  • All OTC definitions

How to start trading on ODEX:

  • Sign an ETA with ODEX and register with the CFTC as a Swap Dealer or Major Swap Participant
  • Establish relationship with a clearing member
  • Provide initial margin
  • Execute trade on ODEX for clearing via CCP
  • Transparent market – both CLOB or RFQ
  • Trade details sent automatically for clearing
  • Position is marked-to-market and margin account is adjusted
  • Settlement bank handles cash flows