What does X‑Margin do?
Allows Cross-Margin on derivatives
Can use one pool of collateral for trades across multiple trading venues and bilateral counterparties
Lets you to keep funds with your Custodian
Can trade on derivatives exchanges or bilaterally, whilst your funds stay with the custodian of your choice
Capital Efficiency with automated settlement
Cross-margining and settling across multiple venues, without the need for a central counterparty, and scalable across any asset class
How does X‑Margin work?
Harnesses Zero Knowledge Technology to calculate margin
We remove the need for a central clearer by calculating margin on encrypted, live, streaming position data.
Multiple private nodes of Intel SGX enclaves combined with Multi-Party Computation
Designed by team of PhD cryptographers, we deliver fast (every 10ms), verified and secure margin calculations.
Fast, private and auditable databases to record margin calculations
Trading firms can audit their own margin calculations, tick-by-tick, using world-leading
Kx time-series databases
First ever Cross-Margin Solution with no central counterparty
— Adds capital efficiency and removes credit risk
— Huge reduction in collateral required to trade
Completed prototype and launching MVP
Cross-Margin across OTC venues and futures exchanges
Off-Exchange Custody for crypto derivatives exchanges
Cross-Margin across OTC venues in traditional finance