TRADING PLATFORMS

Launch and scale your OTC trading business

Platform selection, white-labelling, bridging, and market making — the full stack to go from zero to live.

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Two engines. One complete infrastructure.

Phoenix handles access to liquidity. Reflex decides what to do with it. Together, they power end-to-end OTC trading operations.

PHOENIX

Intelligent FIX Bridging

Translates between your clients' custom instruments and standard LP liquidity. Custom symbols, synthetic depth, complete isolation.

  • Custom symbol universe
  • Synthetic price composition
  • Multi-LP connectivity (FIX, REST, WebSocket)
  • Residual management
REFLEX

Automated Market Making

Drives pricing strategy, automated quoting, and risk-managed hedging across multiple venues simultaneously.

  • Synthetic Pricing (A-book STP)
  • Silo threshold execution
  • Multi-venue hedging
  • Real-time risk controls
CONNECTED

Phoenix owns access to liquidity — bridging, translation, routing. Reflex owns what to do with that liquidity — pricing, market making, hedging.

Everything works together

Pricing Engine

Integrate your own price feed or peg to liquidity providers. Automated, marketable pricing 24/7.

Order Flexibility

Support RFQ, market orders, or limit orders with automatic spread markup calculations.

Book Management

Offset risk back-to-back with LPs or manage inventory internally. Your rules, your risk appetite.

Revenue Tracking

Monitor spread markup revenue in real-time with trade-level analytics.

Ready to launch your OTC desk?

Let's talk about what TransactCloud can do for your business.