Participation
Instrument and account eligibility, provider terms and scoped permissions.
Planned integrationInstitutional liquidity. Defined responsibilities.
Explore the intended operating model for businesses, liquidity providers and applications that request execution through Hybrid Exchange.
Clients & applications
Individuals · business desks · delegated Hybrid applications
Hybrid Exchange
Authority · admission · execution · reconciliation
Liquidity providers
Reviewed connectivity · bounded inventory · quote terms
Target operating model. Provider connectivity and live participation are not yet available.
Connect to the execution authority.
Providers attach to Exchange. The planned onboarding model covers approved instruments, connectivity, operational contacts, inventory and credit limits, quote conventions and settlement responsibilities.
Firm quotes need clear size, price, fees, expiry and acceptance rules. Retries must not create a second acceptance; expired terms require a new review.
Build control around the request.
Business activity requires explicit organisation membership and account grants. Preparation and approval are separate actions, with approvals bound to the relevant request and policy.
Banking delegation will let authorized applications request execution without transferring ownership of that process away from Exchange.
Execution controls
Price protection, order limits, quote expiry and independent business review.
Planned integrationOperational oversight
Request-to-result traceability, reconciliation queues and controlled recovery.
Planned integrationExplore the business workflow.
Review a fictional OTC request and its approval journey before live services connect.