Elixium, a global all to all electronic trading marketplace, is designed to provide a transparent and unbiased venue for trading collateral and seeks to address the growing issues around liquidity which have been affected by on-going market evolution.
Elixium is an EU regulated MTF (Multilateral Trading Facility) open to all financial participants including: corporate treasuries, CCPs, asset managers, hedge funds, banks, government issuers, central banks, insurers, sovereign wealth funds and agencies.
We have adopted a user-friendly, modular approach to legal documentation with the option of either subscribing to the Elixium standard GMRA (with bespoke annexes) or utilising existing GMRA documentation between counterparties. Underpinning this, Elixium utilises a unique credit limit framework where participants retain full control, in real time, over the products and firms with whom they are willing to trade.
Using standardised products and processes, participants have access to a range of maturities, currencies and collateral baskets. Over the coming months Elixium will expand its initial offering to over 40 collateral baskets covering fixed income and equities in GBP, EUR, USD, CAD and JPY via cleared, triparty and bilateral settlement.
The fully transparent functionality of the Elixium platform allows participants to identify credit slippage and view depth and liquidity across tenors and collateral baskets offering multiple execution protocols.