09 November 2017
New York
Reporter: Drew Nicol

Elixium secures FINRA approval


Elixium NA has become the first electronic all-to-all repo platform to secure the right to operate as an alternative trading system (ATS) with the approval of the Financial Industry Regulatory Authority (FINRA).

The global all-to-all secured financing and collateral marketplace, Elixium Group, has also opened a European base in Paris.

Elixium aims to provide liquidity in an unbiased marketplace by allowing counterparties to view and execute transactions directly within a regulated environment.

The latest successes come shortly after Elixium teamed up with Lombard Risk to pair the its marketplace with the Lombard Risk cross-asset collateral management solution, Colline.

The partnership aims to provide market participants with collateralised liquidity and a complete end-to-end automated repo trading and margin call management system.

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