Modernising the market by eliminating fragmented execution, high settlement costs, and outdated broker driven fees.
It is time to change how trades are executed.
Modernising the market by eliminating fragmented execution, high settlement costs, and outdated broker driven fees.
It is time to change how trades are executed.
Built for institutional markets operating at systemic scale.
For traditional and tokenized assets.
Coverage
Instrument agnostic by design.
The venue does not care what the instrument is, only that it can be priced, matched and settled. One book, one rule set, one audit record.
Interest rate swaps and the curve.
The instruments a desk hedges with, quoted in basis points of notional and matched on the venue's own rules rather than over the phone.
Deliverable and non deliverable forwards.
Majors and emerging pairs, each on its own quoting convention and precision, priced per million in the currency traded.
Government and credit, matched at the fix.
Orders meet against a reference price rather than a quoted spread, so the match is determined by the rules and not by who called whom first.
Short dated funding.
The flows that sit alongside the trading book and decide whether a desk can fund its day, in the same venue as the rest of it.
Tokenization is not a new asset class.
It changes how an existing claim is held and moved. Tokenized instruments sit in the same book as traditional ones, under the same rules.
A new class is a configuration.
Nothing in the matching or settlement design is specific to an instrument. Adding a class means describing it to the venue, not rebuilding the venue.
Banks and trading desks, asset managers, market infrastructure and settlement providers, central banks, regulators, technology partners and investors. Execution is one part of it. The venue is designed for everyone whose work touches the trade.
IDBX Corporation · New York and London · Designed for multiple jurisdictions
The meter
Per ticket brokerage taxes activity.
Every trade, every ticket, every year. Move your own numbers and watch the meter run.
Inside the range published on The Meter.
Annual brokerage, on your numbers
$0
That is $1.04 a minute, every minute the desk trades.
10,500 a month. Double your volume and this number doubles with it.
On IDBX the desk pays a flat subscription. It does not move when you trade more.
Open the full Meter →Computed from the values you set, across 252 trading days.
The venue, working
Ten obligations. One funding number.
Gross obligations · five participants
Net funding required
$0
0.00% of settlement value released
Net positions
AIDANN
Deterministic netting · integer cent arithmetic, no floating point
Real sovereign ISINs · trades and amounts illustrative · no language model produced any figure
Your turn
Change any trade. The venue nets it again.
Drag an amount, switch an obligation off, or draw a new day. Every figure is recomputed in integer cents the moment anything changes.
Obligations · five participants
Settlement flows
Net funding required
$0
0.00% of settlement value released
Illustrative · deterministic multilateral netting · integer cent arithmetic · nothing entered here leaves this page
Governed intelligence
It sees everything. It trades nothing.
AIDANN read the netting set above as it was computed. Here is what it observed, what it proposed, and where each proposal stopped.
AIDANN holds no positions and places no orders. Every action it takes is proposed, attributed and reversible.
Observations tied to the illustrative netting set above
No language model produced, estimated or rounded any figure
Pre-authorisation · nothing here describes live production activity
Direction of travel
Built for continuous markets and T+0.
The venue is designed for markets that do not close and settlement that does not wait. How much of that is available on any given day is decided by the rails, not by us. So here is exactly what is ours and what is not.
Around the clock access.
The platform does not keep office hours. Positions, obligations and orders are reachable whenever a desk needs them, wherever the desk is.
OursAvailable now to admitted institutionsContinuous markets.
Matching is designed to run without a session boundary, so a book can stay open across regions rather than handing off at a close.
SharedAs liquidity and market hours allowT+0 settlement.
The settlement design does not require a day to pass. Whether a trade can settle the same day depends on the rail it settles on.
Rail dependentWhere the window exists- Asia00:00 – 09:00
- Europe07:00 – 16:00
- Americas13:00 – 22:00
- Handover gap22:00 – 00:00
Indicative regional trading sessions in UTC
Not the operating hours of any named settlement system
Continuous settlement arrives through the market infrastructure, not around it.
The red arc is the only window in which the market is genuinely dark. IDBX is built to connect to the rails as they extend their windows, so the venue gains the hours the system gains. That is a partnership with the infrastructure rather than a workaround of it.IDBX Intelligence Governance Layer
A modern foundation powered
by institutional intelligence
Markets built on voice and fragmentation are reactive.
IDBX markets are intelligence driven.
The intelligence layer governing
modern interbank markets
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Institutional Settlement
Settles in institutional money, including
central bank money where available.
Execution Infrastructure
Digital, rules based execution delivered
through subscription infrastructure.
Governed Intelligence
Embedded intelligence operating within
defined risk frameworks, controls and limits.
Core Capabilities
Better
economics
Structural cost reduction through subscription based electronic access and more efficient use of market and risk data across the trade lifecycle.
Safer
settlement
Delivery versus payment across institutional settlement rails, including central bank money where available, reducing complexity, intermediary chains and operational risk.
Smarter decisions
Governed intelligence through AIDANN, providing rail level visibility to support faster, more controlled decision making.
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The IDBX Podcast
Insight on the future of interbank market rails.
Settlement in central bank money, digital brokerage, tokenization and governed AI, explained by the people building the venue.
Settlement Built for Resilience
Eligible cash legs settle in central bank money via RTGS, reducing settlement risk, liquidity friction, and reliance on intraday credit
Interbank brokerage, Re-Engineered
Replace per-ticket brokerage fees with a transparent subscription model. Participants pay a fixed subscription per active trader. Execution becomes predictable infrastructure cost, not variable friction.
Intelligence, Native to the Desk
AIDANN is not a chatbot. It is a governed intelligence layer embedded into the trading desk, with contextual understanding across products, limits, liquidity, and settlement flows.
Settlement Built for Resilience
Eligible cash legs settle in central bank money via RTGS, reducing settlement risk, liquidity friction, and reliance on intraday credit
Interbank brokerage, Re-Engineered
Replace per-ticket brokerage fees with a transparent subscription model. Participants pay a fixed subscription per active trader. Execution becomes predictable infrastructure cost, not variable friction.
Intelligence, Native to the Desk
AIDANN is not a chatbot. It is a governed intelligence layer embedded into the trading desk, with contextual understanding across products, limits, liquidity, and settlement flows.
Settlement Built for Resilience
Eligible cash legs settle in central bank money via RTGS, reducing settlement risk, liquidity friction, and reliance on intraday credit
Interbank brokerage, Re-Engineered
Replace per-ticket brokerage fees with a transparent subscription model. Participants pay a fixed subscription per active trader. Execution becomes predictable infrastructure cost, not variable friction.
Intelligence, Native to the Desk
AIDANN is not a chatbot. It is a governed intelligence layer embedded into the trading desk, with contextual understanding across products, limits, liquidity, and settlement flows.
IDBX Nexus London--:--:-- New York--:--:-- Frankfurt--:--:-- Tokyo--:--:--
Access
The portal is not open to the public.
IDBX Nexus is reached by named user, at an institution that has been admitted to the venue. If you hold credentials, the door is here. If you do not, admission starts with a conversation.
Conditions of access
- 01Access is granted to an institution, then to named users within it.
- 02Every session is attributable. All activity is monitored and recorded.
- 03Unauthorised access is a criminal offence.
- 04Admission follows a technical and commercial review of your flow, counterparties and settlement cycle.
IDBX Corporation Ltd · No. 16186625
Platform access is pre-authorisation and does not constitute an offer to trade
Modernise interbank flows without replacing your infrastructure.
IDBX integrates alongside existing systems, supporting progressive
adoption and flow by flow migration.
