AX Launches TradFi Perps

Architect Financial Technologies has become the latest from the crypto space to target TradFi markets with the launch of AX, a Bermuda-based exchange that will offer perpetual futures in a range of products including FX and interest rates.

AX is operated by the firm’s Bermuda affiliate, which holds dual licenses regulated by the Bermuda Monetary Authority, and will offer perps in FX, rates, equities, indices, metals, energy, and other commodities. The contracts are standardised, centrally cleared, and matched on anonymous central limit order books, using matching engine technology built by Connamara Technologies. A web-based user interface and low-latency APIs, with open-source SDKs available in multiple programming languages are also available.

Customers of the new venue will be able to use both traditional fiat currency and digital asset stablecoins as collateral to meet margin requirements.

The firm states, “Offering instruments optimised for 21st-century market structure, AX aims to catalyse a new era in futures trading across the currencies, equities, credit, commodities, and insurance sectors.”