RTX operates an electronic marketplace for interdealer interest‑rate swaps, basis swaps, and options, offering a Request‑for‑Trade protocol that combines the discretion of voice brokering with electronic auditability and firm pricing. The platform provides low‑cost, low‑latency execution and straight‑through post‑trade processing to clearing houses and dealer risk systems, along with free real‑time market data and multi‑currency support.
Funding
$3.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Interdealer interest rate swaps and options trading remains dominated by manual voice brokering, leading to high execution costs, slow post‑trade processing, limited transparency, and operational inefficiencies for dealers.
Solution
RTX provides a dedicated electronic marketplace for eligible contract participants to execute interest‑rate swaps, basis swaps, and options. Its proprietary Request‑for‑Trade (RFT) protocol combines the auditability of electronic trading with the discretion of voice deals, delivering firm pricing and immediate execution. Trades are automatically routed to clearing houses (MarkitWire, CME, LCH) and the DTCC SDR, enabling straight‑through processing into dealers’ risk and back‑office systems. The platform offers real‑time market data at no extra charge and integrates with existing dealer infrastructure via a web‑based interface. By leveraging cloud‑native, low‑latency architecture, RTX reduces commission rates by 30‑50% compared with traditional voice brokers while supporting multiple currencies and a full suite of swap and option products.
Target Audience
Primary customers are interdealer swap dealers and other eligible contract participants that trade interest‑rate derivatives and require low‑cost, high‑speed electronic execution with integrated post‑trade processing.
Features
- Request‑for‑Trade (RFT) protocol that preserves dealer discretion while providing electronic audit trails and firm pricing
- Low‑cost voice‑assisted execution for vanilla swaps, basis swaps, options, spreads, butterflies, and curve packages
- Real‑time connectivity to MarkitWire, CME, LCH clearing and DTCC SDR for automatic post‑trade settlement
- Cloud‑native, scalable infrastructure delivering low latency and high availability across global markets
- Multi‑currency support and full product coverage, including vanilla swaps, options, spreads, butterflies, and curves
- Free real‑time trade data and analytics accessible through the web interface
- Straight‑through processing that updates dealers’ internal risk systems without manual intervention