WHAT WE DO
OUR APPROACH
A structured workflow connecting commodity traders with market makers, from RFQ to cash settlement.
The working prototype demonstrates this workflow. The first live products, benchmarks, and deployment requirements will be defined with pilot participants.
HOW IT WORKS
From exposure to settlementDefine Exposure
Specify benchmark, quantity, direction, maturity, and RFQ window.
Request Quotes
Send a structured RFQ to selected market makers.
Market Makers Price
Connected dealers respond manually or algorithmically through API/WebSocket connectivity.
Execute
Accept an executable quote and create a bilateral trade record.
Fix & Settle
Apply the contractual benchmark fixing and calculate cash settlement.
COMMODITY TRADERS
For trading firms, merchants, shipping companies, refiners, producers, industrial buyers, and specialist funds managing inventory, basis, or price exposure.
Traders define an exposure and compare executable market-maker quotes. Hedging is one use case within this broader trading workflow.
MARKET-MAKER CONNECTIVITY
Commodity dealers, banks, trading firms, and specialist liquidity providers can connect their own pricing and risk systems through API/WebSocket infrastructure.
Receive structured RFQs and submit, replace, or withdraw quotes. Pricing is requested per RFQ; there is no continuous order book.
TRADE LIFECYCLE & SETTLEMENT
Capture executed trades, manage maturity and benchmark fixing, and calculate contractual cash settlement in one workflow.
The prototype demonstrates execution, fixing, and cash settlement. Production settlement arrangements and collateral requirements remain to be developed with pilot participants.
PILOT PROGRAMME
Designing the first markets with traders and market makers
Verdon is currently working with commodity traders and market makers to identify the first products, benchmarks, and workflows for pilot deployment.
Discuss a pilotNon-binding pilot discussions for trading firms and liquidity providers.