In development

Build instruments on verified records.

The Run Time Environment is where financial institutions build instruments from Terminal line items and zone data: attested feeds in, a term sheet and a listing out.

See it in the demoAsk Maia
How it works

From feed to listing.

  1. 01

    Pick the feeds

    A catalog of zone feeds, metered, attested or partner-sourced, each with its cadence and history. Add one with a click or drag it into the composer.

  2. 02

    Compose the instrument

    Start from a template. Set the type, the notional, the tenor and a fixed or feed-linked coupon.

  3. 03

    Write the covenants

    Tie a coupon step, a cash trap, a deferral or early amortisation to a feed crossing a threshold.

  4. 04

    Submit to listing

    The term sheet, its feed dependencies and a backtest go to the listing queue for review.

Inside the environment

Three panes, one instrument.

Data feeds

RTE

Every feed on the zone, grouped by the organisation that produces it, with its basis shown.

Composer

Template, terms, covenants and the feeds the instrument references.

Term sheet

A live preview of the terms as you set them, with settlement on ADEN.

Backtest

The coupon path projected against the referenced feed histories.

Deployed

Instruments already live, each linked to its listing on the Exchange.

Listing queue

Drafts and submissions, waiting for review.

Where it sits

Between Terminal and the Exchange.

Terminal supplies the line items. The Run Time Environment turns them into an instrument. The Exchange is where it lists and trades.

Terminal: the line itemsRun Time Environment: the instrumentExchange: the market

Data feeds are demonstration feeds pending regulatory approval. The Exchange is in development and subject to licensure.