Trading Platform
DCX is a revolutionary state of the art multi bank trading platform for bespoke OTC derivatives. It is an anonymous platform with no broker fee using prime brokers for clearing. One can think of it as an exchange for OTC products. In its first phase it offers bespoke FX options in major and emerging markets currency pairs.
DCX is aimed to transform the way people trade FX options. It is the only active multi-sourced anonymous swaps execution facility (SEF) compliant platform. It promises you a wider market place, faster price comparisons, best execution from not less than 15 price providers in a single action and no brokerage. DCX is really a market place where every DCX user can see all the current interests and participate by submitting bids and offers and the depth of each bid and offer prices is published.
You will no longer be limited to trading with only those banks you have agreements with. DCX expands your horizons, giving access to an unprecedented number of institutions who specialize in specific currencies. DCX allows you to execute multi leg structures in one click with straight through processing (STP) to your risk system. It also provides an innovative electronic exercise/expire tool that can also be used for trades done outside DCX.
- Efficient price discovery – the best bids and offers from all
- Liquidity providers on one electronic trading venue clearing through an elected prime broker allows participants to close exact positions
- Simultaneous delivery of fast and secure options pricing from multiple banks via APIs, and anonymous trading to level the playing field for all participants
- Multi-participant request-for-quote/request-for-stream (RFQ/RFS) trading sessions, with published market-depth pricing for all parties
- Regulatory compliance - complies with MiFID best execution and the SEC’s RegNMS regulations
Core Functionality Click here 
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Full pricing and analytics functionality provided by SDX. Accurate market prices in any market.
Request for Quote, Request for stream, bid and ask insertions. Monitor prices and market depth.
Trade execution at a click, take prices offered by the liquidity providers or make your own bid or offer on the market.
Trades can be automatically captured via the APIs and will appear instantly in the SDX Blotter.
Allows connectivity to proprietary quote automation engines.
Advanced new processes for automatically exercising or expiring options; no need for manual actions.
Settlement function will take place directly through your elected Prime Broker account.
All transactions will be able to be cleared through a CCP.
No need to manage multiple ISDA agreements and restrict who you trade with, one contract with DCX and your elected prime broker is all you need.
