Zero Knowledge Calculation Agent

Cross-Margin without a central counterparty
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What does X‑Margin do?

  • Allows Cross-Margin on derivatives

    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

    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

    Capital Efficiency with automated settlement

    Cross-margining and settling across multiple venues, without the need for a central countperparty, and scalable across any asset class

How does X‑Margin work?

  • Harnesses Zero Knowledge Technology to calculate margin

    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

    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

    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

— Zero Knowledge technology keeps trades bilateral
— Adds capital efficiency and removes credit risk
— Huge reduction in collateral required to trade

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Development Roadmap

  • Q4 2019 

    Completed prototype and launching MVP

  • Q1 2020 

    Cross-Margin across OTC venues and futures exchanges

  • Q2 2020 

    Off-Exchange Custody for crypto derivatives exchanges

  • Q1 2021 

    Cross-Margin across OTC venues in traditional finance