VERDON · WORKING PROTOTYPE / PILOT PROGRAMME
Electronic RFQ infrastructure for OTC commodity trading
Verdon enables commodity traders to request competitive swap pricing from connected market makers through a standardized execution and settlement workflow.
FOR TRADERS
Structured execution for commodity traders
Request competitive OTC pricing from connected market makers through a standardized RFQ workflow.
- Competitive market-maker pricing
- Clear and comparable trade terms
- Single execution and lifecycle workflow
Create RFQs and choose executable market-maker quotes.
FOR MARKET MAKERS
Programmatic access to incoming RFQs
Market makers can connect to Verdon through API/WebSocket infrastructure and price incoming RFQs using their own pricing and risk systems.
- Receive structured RFQs
- Submit, replace, or withdraw quotes
- Integrate algorithmic pricing workflows
- Quote only when an RFQ is received
Receive structured RFQs and respond manually or programmatically.
PILOT PROGRAMME
Designing the first markets with traders and market makers
Verdon is currently working with commodity traders and market makers to identify the first products, benchmarks, and workflows for pilot deployment.
Discuss a pilotNon-binding pilot discussions for trading firms and liquidity providers.
CURRENT STATUS
Working prototype
A functioning prototype currently supports RFQ creation, live dealer quoting, algorithmic market-maker connectivity, trade execution, benchmark fixing, and cash settlement.
Production deployment, benchmark licensing, legal structure, collateral arrangements, and regulatory requirements will be developed alongside pilot participants.
TRADE LIFECYCLE
Trade lifecycle & settlement
Capture executed trades, manage maturity and benchmark fixing, and calculate contractual cash settlement in one workflow.
Explore the workflow