Building a
SEC-Registered ATS.
EU MiFID II MTF.
Patented Protocol.
MatrixCross is building a fully regulated electronic trading venue for fixed income - a U.S. SEC-registered ATS and EU MiFID II MTF - powered by our patented Request for Market protocol.
Cloud-native infrastructure. Global low-latency FIX connectivity. Engineered for the largest institutional trades at scale.
MatrixCross
Building a Regulated Electronic Trading Venue
MatrixCross is building a fully regulated electronic trading venue for fixed income instruments, pursuing dual-track licensing as a FINRA-registered broker-dealer and SEC-registered Alternative Trading System (ATS) in the United States, and an AFM-authorized investment firm operating an MTF/OTF under MiFID II in the European Union via the Netherlands.
The Protocol
At the heart of the platform is our patented Request for Market (RFM) protocol - an institutional-grade, multilateral execution mechanism designed specifically for large-notional fixed income trades. An institutional liquidity seeker initiates a request, and all eligible participants respond with executable prices during a configurable window.
Key benefits:
Instruments
- U.S. Treasury securities and TIPS
- Investment-grade and high-yield corporate bonds
- Municipal bonds
Institutional-only subscribers. No custody of customer funds or securities. All trades cleared through a third-party clearing firm.
Dual-Track Licensing
The $20M+ Trading Problem
Large notional trades currently rely on inefficient phone and chat communications, creating significant pain points for institutional traders.
Information Exposure
Sensitive data disclosed to providers creates information asymmetry, leading to overpricing and market disequilibrium.
Limited Liquidity
Large notional trades in electronic all-to-all environments are virtually non-existent in today's market.
Inefficient Process
Phone negotiations take minutes during which markets shift, requiring reassessment and often resulting in suboptimal outcomes.
Complete Anonymity
Liquidity seekers don't disclose identity or market side, eliminating information asymmetry and adverse selection.
Deeper Liquidity
Optimized price discovery and maximized liquidity formation through our multilateral electronic protocol.
Electronic Efficiency
Dynamic electronic workflow replaces phone and chat negotiations, delivering faster, more efficient execution.
Contact Us Immediately for ATS Execution Integration
Enhance market liquidity depth and execution efficiency through systematic friction reduction.