Execution
ApexMatch
Every market matches on the same deterministic kernel, with fair sequencing and price-time priority. See execution.
Markets
The world’s complete market stack.
Institutional instruments. Retail clarity. Onchain finality. Immediate delivery, leverage, volatility, currencies, commodities and real-world assets sit in one account, under one risk view and one settlement truth.
- One margin graph
- One collateral pool
- One settlement layer
- One identity
Eight instrument families
Select a market to see how it behaves.
Every instrument has its own mechanics — funding, expiry, volatility, trading sessions, delivery, lifecycle events. All of them connect to the same execution, risk and settlement core.
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Spot
Crypto, tokenized assets, FX spot
Immediate delivery with atomic settlement: the asset and the payment move in the same state transition.
- Central limit order book
- RFQ liquidity
- Atomic delivery
An interactive constellation of eight market objects — spot, perpetuals, futures, options, FX, commodities, equities and real-world assets — grouped around a single portfolio. Selecting an instrument brings its connections forward and updates the panel with a one-line definition, a short explanation and the behaviors that set that market apart, such as funding for perpetuals or delivery controls for commodities. The same eight markets are listed as links further down this page.
One portfolio
Every market draws on the same collateral.
A perpetual hedge against a spot holding, an options overlay on a futures position, a currency hedge on a tokenized fund: in most setups each leg sits in a different account under a different margin model. Here they sit in one portfolio.
Aegis evaluates each order against the whole graph — collateral, Greeks, concentration, correlation and liquidation paths. Offsetting positions are recognized where published parameters allow, and concentrated ones are seen early.
- One margin graph across instruments
- One collateral pool with published haircuts
- One settlement layer finalized by QSE
- One identity and eligibility record in VaultID
AEGIS
Unified risk graph
Select a risk dimension
Collateral · Volatility · Liquidity · Concentration · Correlation · Counterparty
Margin used
Liquidation distance
Market pages
Choose a market.
- SpotPrice discovery on ApexBook and RFQ liquidity, settled as delivery-versus-payment.
- PerpetualsExposure without expiry: index-basis funding, three margin modes and a published insurance waterfall.
- FuturesDated contracts across the curve, event contracts, spread books and a choice of settlement profiles.
- OptionsSingle options and multi-leg structures, priced against the volatility surface with Greeks in view.
- FXCurrency pairs and synthetic crosses on aggregated liquidity, with payment-versus-payment settlement.
- CommoditiesMetals, energy and agriculture, priced as curves, with cash, physical or token settlement.
- EquitiesTokenized shares and synthetic price exposure where legally available, with dividends, splits and mergers applied as signed events.
- Real-world assetsFunds, credit, property and invoices with issuer permissions and native lifecycles.
Why one stack
Fragmented tools fragment the portfolio.
Most traders assemble market access from parts: a broker for currencies and contracts, a crypto venue for perpetuals, a bot service for automation, separate applications for yield. Each part keeps its own balances, its own margin model and its own record of what happened.
One control plane changes the arithmetic. Collateral is not stranded at one venue while another calls for margin, a hedge is recognized as a hedge, and the history of every position sits in one verifiable record.
Broker terminals
Deep tools, fragmented settlement
Crypto venues
Native markets, limited product breadth
Bot platforms
Automation without unified risk
DeFi applications
Yield without a professional control plane
ORBITRA ONE™
Every market
One portfolio
Every strategy
One risk engine
Every reward
One value ledger
Every application
One identity
Fragmented today
Broker terminals
Deep tools, fragmented settlement
Crypto venues
Native markets, limited product breadth
Bot platforms
Automation without unified risk
DeFi applications
Yield without a professional control plane
ORBITRA ONE™
One control plane
Every market
One portfolio
Every strategy
One risk engine
Every reward
One value ledger
Every application
One identity
Architectural coverage
Professional terminal depth plus native-market economics.
The comparison describes what each architecture covers by design. It is not a judgment of any individual venue’s quality.
Core experience
- Typical broker terminal stack
- Broker trading terminal
- Onchain derivatives venue
- Onchain derivatives venue
- ORBITRA ONE™
- Unified market operating system
Markets
- Typical broker terminal stack
- FX, CFDs and futures through a broker
- Onchain derivatives venue
- Primarily crypto spot and perpetuals
- ORBITRA ONE™
- Spot, perpetuals, futures, options, FX, commodities, equities and RWA
Settlement
- Typical broker terminal stack
- Broker and external infrastructure
- Onchain derivatives venue
- Native onchain
- ORBITRA ONE™
- Native deterministic settlement under QSE
Automation
- Typical broker terminal stack
- Scripted advisors and APIs
- Onchain derivatives venue
- Bots and APIs
- ORBITRA ONE™
- Policy-bound AI agents and Strategy Forge
Earning surface
- Typical broker terminal stack
- Trading and broker programs
- Onchain derivatives venue
- Trading, staking and liquidity provision
- ORBITRA ONE™
- Twelve connected earning channels
App economy
- Typical broker terminal stack
- Closed broker ecosystem
- Onchain derivatives venue
- Chain-native ecosystem
- ORBITRA ONE™
- Open non-EVM Layer 1 with isolated EVM access
Risk view
- Typical broker terminal stack
- Account- and broker-dependent
- Onchain derivatives venue
- Venue-native margin
- ORBITRA ONE™
- Cross-market Aegis portfolio graph
Identity
- Typical broker terminal stack
- Broker account
- Onchain derivatives venue
- Wallet
- ORBITRA ONE™
- VaultID: wallet, institution and permissions
Data ownership
- Typical broker terminal stack
- Platform-dependent
- Onchain derivatives venue
- Transparent market state
- ORBITRA ONE™
- Portable strategy, proof and reputation
Exact venue features vary by broker, jurisdiction and product configuration. Columns describe typical architectural categories, not specific providers.
Market access
Questions before you trade.
Are all eight markets available everywhere?
No. Access to each product depends on your jurisdiction and eligibility, and some instruments — tokenized equities and many real-world assets among them — are reserved for particular categories of investor. The jurisdictions page explains the restrictions.
Does one portfolio mean one margin account for everything?
Only if you choose it. Isolated margin ring-fences a position, cross margin shares eligible collateral within an account, and portfolio margin recognizes offsetting risk across instruments where published parameters allow.
Where do prices for less liquid markets come from?
Marks, fixings and valuations come from Prism, which combines independent sources and attaches a confidence score to every price it publishes. Low confidence tightens price bands or pauses matching rather than passing an unreliable price through.
Can automated strategies trade every market?
Only within the account’s eligibility and the owner’s permissions. Strategies and Cortex agents use the same order language and risk checks as manual trading, and each agent reaches only the markets on its allow list.
One portfolio for every market you trade.
Leverage can magnify losses as well as gains, and access to each product depends on jurisdiction and eligibility. Tell us which markets matter to you.