Modernising the market by eliminating fragmented execution, high settlement costs, and outdated broker driven fees.

It is time to change how trades are executed.

The intelligent interbank trading venue.

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Modernising the market by eliminating fragmented execution, high settlement costs, and outdated broker driven fees.

It is time to change how trades are executed.

Any asset. Any money.
One intelligent venue.

Built for institutional markets operating at systemic scale.
For traditional and tokenised assets.

Explore IDBX
Download the IDBX overview

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.

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.

Trades per day40
Average trade size25m
Your rate per million0.50
0.10Market range 0.20 to 0.801.20

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

    Gross settlement$0
    Settlement instructions0
    Instrument set5 sovereign ISINs

    Net funding required

    $0

    0.00% of settlement value released

    Net fundingReleased

    Net positions

      AIDANN

      Deterministic netting · integer cent arithmetic, no floating point
      Real sovereign ISINs · trades and amounts illustrative · no language model produced any figure

      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.

      01 Observed an offsetting cycle across three participants A pays B, B pays C, C pays A. Proposed collapsing the cycle before settlement. Human decision
      02 Flagged concentration in a single net payer Participant C carries half the net funding requirement. Surfaced, not resolved. Human decision
      03 Matched five instructions to a settlement window Proposed the instruction set and the rail. Did not send it. Human decision
      04 Attributed every figure to its source obligation Each number on this page traces to a row above. No estimate, no rounding. Audit record

      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

      See how AIDANN is governed →

      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 institutions

      Continuous 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 allow

      T+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
      --:--:-- UTC NOW
      • 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

      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.

      Book an executive briefing

      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.

      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.

      Enter the portalCredentials required Request access →

      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.

      Book an executive briefing
      Talk to our experts

      London New York Singapore

      Global interbank market infrastructure

      Any asset. Any money. One intelligent venue.

      The intelligent interbank trading venue. Electronic execution, multi-rail settlement and governed AIDANN intelligence.

      A neutral venue for the global interbank market. We hold no positions and take no side. Participants pay a subscription, not a fee on every trade.

      Open The Meter
      AIDANNSees everything. Trades nothing.

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