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Frequently Asked Questions

Analysing data

Platform & Trading

  • Trading on SpectrAxe is completely anonymous from pre-trade through expiry. All orders are displayed without identifying information, and trades are executed through our PFI model. Neither counterparty knows who they've traded with, helping prevent information leakage and market impact.

  • Your legal counterparty for all trades is your Participating Financial Institution (PFI). While you may be trading against another platform participant, the trade is intermediated through the PFI model, simplifying credit relationships and maintaining anonymity.

  • Expiries are fully automated within the platform. Users can action their positions directly until expiry time. For unactioned expiries, the platform automatically exercises in-the-money options and expires out-of-the-money options using an independent benchmark mid-rate.

  • The platform supports:

    - Limit orders - specify price and size

    - Market orders - execute at best available price

    -Spot and time stops for all orders


    All orders are firm and dealable.

  • SpectrAxe supports:

    - Vanilla FX options

    - ATM and specific strike trades

    - All major currency pairs (deliverable and non-deliverable)

    - Standard tenors from overnight to 1 year

    - Custom dates available

  • The platform operates Monday through Friday from 9 am Singapore to 5 pm EST.

Server Room

Technology & Integration

  • SpectrAxe offers multiple connectivity options:

    - Web-based GUI - Access through standard web browsers

    - FIX API - For market data and trading

    - STP Integration - For post-trade processing

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    No software installation is required for the web platform.

  • Yes, SpectrAxe provides comprehensive API access for:

    - Market data consumption

    - Order management

    - Trade execution

    - Post-trade processing

    Full API documentation is available upon request.

  • Integration with major third-party platforms is supported.

  • Market data is distributed through:

    - Real-time web interface updates

    - Streaming API feeds

    - FIX market data

    Data includes order book depth, trades, and reference data.

  • SpectrAxe operates with:

    - Geographic redundancy

    - Real-time data replication

    - Multiple data centers

    - 24/7 system monitoring

    - Automated failover capabilities

Stock Trading Graph

Credit & Risk

  • Credit is managed through your PFI using standard Net Open Position (NOP) methodology. The platform's built-in credit engine provides real-time limit monitoring and updates. You only need one credit relationship to access all platform participants.

  • The PFI (Participating Financial Institution) model:

    - Each participant trades through their chosen PFI

    - PFIs face each other as counterparties

    - All trades are booked against your PFI

    - Single credit relationship covers all platform activity

    - Full anonymity is maintained throughout

  • Real-time credit checks include:

    - Pre-trade limit verification

    - Net open position monitoring

    - Currency pair limits

    - Tenor limits

    - Counterparty exposure tracking

Business Meeting at Small Table

Regulatory & Compliance

  • Yes, SpectrAxe is a CFTC-registered Swap Execution Facility (SEF). We maintain comprehensive regulatory compliance and provide automated trade reporting to meet all applicable requirements.

  • We employ both automated and human oversight of all platform activity. Our surveillance system monitors for unusual trading patterns and potential market abuse, ensuring a fair and orderly market for all participants. We can provide end of day platform activity reports upon request.

Coins

Commercial

  • Our fee structure is transparent and based solely on executed trades. There ae no upfront costs, minimum fees, or ongoing maintenance charges. We'd be happy to discuss specific pricing details - please contact our sales team at info@spectraxe.com.

  • No. Unlike traditional market making, there's no obligation to provide continuous pricing. You show prices only for the specific contracts you want to trade,  when you want to trade them.

Call Center Employee

Onboarding & Support

  • Onboarding to SpectrAxe is straightforward and similar to joining a spot FX platform:

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    1. Basic Documentation

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    - Standard platform agreement

    - User access forms

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    2. Credit Setup

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    - PFI confirms credit limits

    - Similar to existing spot PB relationships

    - No additional credit relationships needed

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    3. Platform Access

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    - Receive login credentials

    - Brief platform orientation

    - Begin trading

  • Typical setup timeframes:

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    - Basic GUI access: 1-2 weeks

    - API integration: 4-6 weeks

    - Full STP implementation: 6-8 weeks

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    Timeframes depend on technical requirements and PFI readiness.

  • SpectrAxe provides:

    - 24/5 trading support

    - Technical help desk

    - Integration assistance

    - Platform training

    - Documentation and guides

    Support is available via phone, email, and chat.

  • Platform updates are rolled out regularly with minimal disruption. All updates are thoroughly tested and communicated in advance. Critical fixes can be deployed immediately if needed.

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