Solutions
One venue.Every step of the trade.
The cost is not the spread. It is the structure. IDBX brings execution, netting, settlement and tokenization onto one venue, under one rule set, with one intelligence that sees everything and trades nothing.
InstrumentUKT 0 16/03/26
SideBuy 100M
FormatBook entryTokenized
Design · illustrativeOne venue · one rule set · one record
Ten solutions · one venueSelect any to go straight there
01TradingBond Match fix price auctions, negotiated on a visible clock.→02NettingObligations computed as trades match, so far fewer payments leave the desk.→03SettlementDelivery versus payment designed on existing infrastructure. Both legs or neither.→04TokenizationBook entry and tokenized instruments in one book, under one rule set.→05IntelligenceAIDANN reads the book and answers in plain language. It never trades.→06ConnectivityOne API to the book, obligations, netting and AIDANN, from your own OMS and EMS.→07MobileIDBX Live Markets for iPhone. The whole venue in your pocket, view only.→08The PittYour firm's private messenger, live across every office, desk and phone.→09EconomicsA fixed subscription per active trader. No brokerage on every ticket.→10ScaleDesigned to integrate with sovereign monetary infrastructure, live around the clock.→
01Trading
Negotiate. Ask to Join. Match at the fix.
Bond Match is a fix price auction. Interest shows on the row for every participant, negotiations run on a visible clock, and every fill prints at the fix, written once.
IDBX BOND MATCH
SPREADSBUTTERFLIESAMEND PRODUCTSAMEND COUNTERPARTIES
⌕ Search bonds...ADD SECURITYREMOVE SECURITY
UKGERMANYPOLANDFINLANDTURKEY
MATURING ALL< 6M< 3M< 1M
SERIES CODE · ISINCCYMATURITYDV01NEGOTIATEBUYMID PRICECOUNTDOWNSELLNEGOTIATELAST TRADEDTIME
IDBX PRINTS
UKT 4.000 22/10/31 99.840 GBP fix 99.825EUR/USD 1.11952 USD fix 1.11950UKT 0.125 31/01/28 93.802 GBP fix 93.790USD/PLN 3.89985 PLN fix 3.89978WS0437 99.566 PLN fix 99.553NZ0928 99.164 PLN fix 99.150UKT 4.000 22/10/31 99.840 GBP fix 99.825EUR/USD 1.11952 USD fix 1.11950UKT 0.125 31/01/28 93.802 GBP fix 93.790USD/PLN 3.89985 PLN fix 3.89978WS0437 99.566 PLN fix 99.553NZ0928 99.164 PLN fix 99.150
1NegotiateN opens a negotiation from the row. Size and price are the trader’s own.
2CounterOffers go back and forth on a 90 second clock, each one accepted, rejected or countered.
3Ask to JoinAnother participant asks in. The owner of the negotiation decides who joins.
4AgreedAccept closes the deal at the agreed price, written once.
5Join windowThe row holds for 160 seconds so buyers and sellers can still join.
Illustrative interface · simulated pricesExplore the platform →
02Netting
A day of trades. Far fewer payments.
Execution stage netting computes each participant’s obligations as trades match, so a desk knows what it owes before the day closes. This is the IDBX netting engine running, step by step.
Obligation set0 matched
RefFromToISINAmount
IDBX Multilateral Netting Engine
Deterministic · Auditable · Cycle 20260812
Gross obligations00 trades
Net settlement00 payments
Reduction0.0%funding released
How the reduction is achieved
Cycles extinguished
Net position per participant
MemberDeskGross outGross inNet
Audit checks
The engine computes. AIDANN describes. Nothing is generated.
Illustrative obligation set · the engine’s own arithmeticMeet AIDANN →
03Settlement
Both legs, or neither.
IDBX coordinates delivery versus payment across the infrastructure the market already trusts. Securities move through existing depositories and custodians, and cash is designed to move in central bank money where access is granted. Both legs complete in the same window, or neither does.
Exposure window0sby design
Breaks to reconcile0one record
StatusBoth legsor neither
Design · illustrativeUKT 0 16/03/26 · 100M
04Tokenization
One engine. Two formats.
Traditional book entry and tokenized instruments trade in the same book, under the same rules, on the same rail. Designed to work across permissioned and public ledgers, so digital assets and digital cash meet the traditional book in one place.
One instrument, two formatsBook entryTokenized
InstrumentUKT 0 16/03/26
FormatBook entryTokenized
RecordSecurities accountToken register
Order bookOne book
Rule setOne rule set
Cash legCentral bank moneyTokenized cash
05Intelligence
Sees everything. Trades nothing.
AIDANN is the governed intelligence across the venue. It reads the book, your position and the netting set, and answers in plain language. It holds no permission to trade, so every decision stays with the trader.
AIDANNSees everything. Trades nothing.
06Connectivity
One venue. One API.
The consolidated book, your obligations and settlement state, the netting set and AIDANN, addressable from your own OMS and EMS. The same surface a trader sees on screen.
FIX 5.0 SP2RESTWEBSOCKETSANDBOX
Explore the API →
200 OKapplication/json
Requests 0Rendered live in your browser
At your fingertips
IDBX 
on the move.
Around the clock intelligence at your fingertips. Just open the IDBX app. Prices, matches, your position, your netting, your colleagues and AIDANN stay live on your phone, so stepping away from the desk or traveling between meetings never means missing a moment of the action.
Tap the screen to try it
Same feed
Exactly what the desk sees
One live feed drives the desk and the phone, so the two never disagree.
Always current
Fresh the moment you look
Open your phone after a meeting and every price, fill and position refreshes at once.
Post trade in view
Settlement on the same screen
Every fill shows its settlement date, and netting cuts the obligations your desk has to settle.
View only by design
Orders stay on the desk
Every order is placed on the desk, where every control and every recording rule applies. Keeping up to date goes with you.
08The Pitt
One firm. Every office, one conversation.
The Pitt is the private messenger built into IDBX, one for each participant firm. New York, London and Singapore work the same thread as it happens, on the desk or on the phone. Presence and typing show live, and every message is stamped in each office's own time.
Illustrative conversation · names and messages are examples
09Economics
Cost stops tracking activity.
Two numbers decide the economics of a desk. What it pays to reach the market, and what it pays on every ticket. IDBX fixes the first and removes the second.
Per ticket cost rises with every tradeA subscription does not
Annual cost exposure removed~$33Mper year, for a high volume desk.
That figure is legacy per transaction brokerage. It does not fall on IDBX. It stops.
Illustrative benchmark based on representative interbank volumes and prevailing legacy brokerage fee structures.
You payA fixed monthly subscription, per active trader.
You do not payBrokerage on every transaction.
10Scale
Sovereign grade scale. Live around the clock.
IDBX is a hybrid execution venue designed to integrate with sovereign monetary infrastructure, with an architecture capable of evolving into systemic grade market infrastructure.
01
Elastic compute
Cloud native architecture designed to scale with market demand, including periods of stress and peak activity.
02ALWAYS LIVE
Live around the clock
Execution beyond standard market hours for traditional and tokenized instruments, with support desks staffed around the clock.
03
Geo resilience
Active active deployment across multiple regions, supporting continuity, redundancy and jurisdictional resilience.
04
One rule set
Every participant meets the same rules, the same book and the same audit trail. IDBX holds no positions and takes no side.
11Next step
See what the economics look like for your desks.
Two ways to find out. One of them takes thirty seconds.
Self serve
Run it yourself.
Your own numbers across four products. No forms, no NDA, nobody to call. Thirty seconds and the figure is on screen.
With us
Have us model it.
Your actual trading activity, volumes and execution model, measured properly against a subscription based interbank rail.
All analysis conducted under NDA