Order driven FX platform with blockchain integration
Foreign exchange (FX) is the largest traded market, with over $5 trillion exchanged daily and a double-digit compound annual growth rate over the past 12 years. However, as large as it might be, the legacy market structure is inefficient. The cost of trading FX is 10-20 times higher for many client segments than trading in equity which, over the past 20 years, has seen transaction costs reduced by 90%.
Cryex offers the European FX market a way to mend broken business models through a ‘one stop shop’ trading, clearing and settlement model. For selected trading members it proposes the opportunity to trade in a separated market, reducing intermediaries and resulting in a lower cost. By entering into each trade as a single counterparty, it also reduces risk, cost of capital and operational costs, making trading FX easier, faster, cheaper, more transparent and efficient. It’s an innovative financial market infrastructure designed for the future.