Information Markets: The Next Generation of Derivatives
A new way to trade the world. VON introduces institutional Information Markets, converting real-world macro outcomes, rate decisions, and economic prints into continuous, defined-risk probability curves.
MiFID II Compliant · Derivatives Exchange ·
Consensus, priced continuously
Trading real-world consensus.
VON allows a quantitative price discovery mechanism for global macro events. By trading pure information consensus directly, institutional desks can express precise directional or probabilistic views on macroeconomic metrics — eliminating proxy tracking error while optimizing capital consumption.
Venue architecture
Enterprise execution infrastructure for regulated desks.
A complete Organised Trading Facility — from the matching core to post-trade clearing — engineered for institutions that measure performance in capital efficiency and execution integrity.
Institutional Information Markets
Continuous macro price discovery that translates complex real-world economic releases and probability distributions into tradable, defined-risk instruments.
Anti-toxicity order protection
Integrated execution buffers on lit books that neutralize latency arbitrage and protect passive liquidity providers from toxic order flow.
Notional & SA-CCR compression
Optimized for Basel III regulatory frameworks, delivering maximum hedging delta with drastically reduced gross balance sheet load.
Tier-1 clearing interoperability
Seamless post-trade workflows with leading European Central Counterparties (CCPs), offering portfolio cross-margining and netting.
Enterprise matching engine
High-throughput, ultra-low jitter matching architecture built to handle deterministic institutional execution during extreme volatility.
Flexible OTF execution protocols
Native support for Central Limit Order Books (CLOB) and Streamed RFQ.