RFX is moving the corporate bond market forward, providing transparency and aggregating liquidity to help you trade smarter.
Aggregate liquidity. Dealers can pool liquidity from multiple counterparties across their network.
See the Stack® develop. Monitor real-time price formation.
Reduce information leakage. Information flow is limited to committed trade participants.
Gain unparalleled transparency. Committed participants get a real-time window into market depth, price improvement, and unfilled liquidity.
The next-gen protocol that facilitates price improvement
RFX begins with a participant entering a firm order for a fixed time period.
Host dealer shares the firm order with select clients using LTX AI.
Each invited client can enter a firm, executable bid/offer at their desired size.
All bids/offers are visible to the initiator, host dealer, and any invitee that has submitted a bid/offer within market context, allowing for price discovery and price improvement.