Intend to deploy provided bank approval acquisition closes
Order
A buy or sell instruction is captured at the point of origin and validated against account, risk, and regulatory checks before it is routed for execution.
Order
Instruction enters
Execution
The order is routed to the appropriate venue, matched against contra liquidity, and a fill is returned with price, quantity, and execution timestamp.
Execution
Matched and filled
Clearing
Trade details are confirmed with counterparties and the central clearing entity. Obligations are netted to determine final delivery and payment amounts.
Clearing
Obligations netted
Settlement
On the settlement date, securities are delivered against payment. Cash and positions move between counterparties to satisfy the cleared obligations.
Settlement
Delivery vs. payment
Custody
Settled positions and cash are recorded in the client's custody account, where they are safekept, reconciled, and made available for further activity.
Custody
Held in client account
Reporting
Activity is consolidated into regulatory filings and client-facing statements, providing an auditable record of every step the trade moved through.
Reporting
Regulatory and client
RubiconFX is expected to serve as an end-to-end foreign exchange (FX) system, providing tools for price generation, smart liquidity aggregation, order and risk management, and trade execution.
The product suite is intended to integrate with front-end order management systems and trading applications to facilitate more efficient currency exchange operations.
Complemented by our anticipated front end order management system and trading application for the automated management of currency exchange.
A companion application, AtlasFX, is designed to work in conjunction with RubiconFX—enabling clients to request and receive market quotes, manage positions, and execute deliverable and non-deliverable transactions across major global currencies.
Integrated with RubiconFX, the clearing and settlement system is being built to provide a transparent and scalable currency exchange execution environment.
Liquidity and order flow are expected to connect seamlessly with clients’ back-office systems, helping them manage income generation across the FX lifecycle—from trade initiation through settlement.
The platform is expected to include a Risk Management Monitor that assists banks and brokers in managing collateral, credit exposure, and margin requirements through real-time pricing data.
When integrated with AtlasFX, this system would enable real-time monitoring and oversight across markets, enhancing compliance and operational control.
RubiconRX is anticipated to deliver middle-office functionality for FX clearing and settlement, managing client quotes, order processing, and exposure tracking in real time.
It is being designed to integrate with external systems to provide a complete view of credit, margin, and trading activity across clients.