Multi-venue liquidity pool
Plexus connects to a curated panel of institutional LPs, collecting real-time two-way quotes across spot, forward, and NDF instruments into a single unified feed.
Products / Execution & Distribution
Plexus
Multi-venue FX liquidity aggregation and smart order routing for institutional desks.
Request a DemoPlexus is a deep liquidity aggregator and execution layer built-in for QUARTIX MARKETS® - a single connection to a curated pool of institutional liquidity providers that computes a composite best-available price for every spot, forward, and NDF instrument in real time. Smart order routing benchmarks each fill against a live mid, routes to maximize price improvement, and records a complete audit trail for compliance, TCA, and counterparty reporting at every step.
Composite best price
Every tick, the composite pricing engine merges all streaming LP quotes into a real-time best bid/offer per instrument, the aggregated top-of-book your desk acts on.
Smart order routing
At order time, SOR benchmarks each venue against the live mid and routes, or splits, the order to maximize price improvement, logging every decision for audit and TCA.
From aggregated liquidity to a defensible fill.
Plexus aggregates liquidity from a curated panel of institutional LPs into a single composite view, then evaluates, routes, and records every order through its SOR layer, so every fill is explainable and every decision is auditable.
LP network aggregation
Plexus connects to a curated panel of tier-1 banks and regional LPs, each streaming continuous two-way quotes across all covered spot, forward, and NDF instruments.
Composite pricing engine
Incoming LP quotes are timestamped, deduplicated, and merged into a real-time composite best bid/offer, the aggregated top-of-book view your desk and algorithms act on.
Smart order routing
At order capture, SOR scores each LP's live quote for price improvement over the consolidated mid and routes, or intelligently splits, the order to maximize fill quality.
Voice trading (WhatsApp & Telegram)
Counterparties and brokers can execute through voice trading on WhatsApp and Telegram. Plexus converts the confirmed deal into an electronic record, recapping terms for confirmation and booking the trade with the same composite pricing and audit trail as electronic flow.
Best execution benchmarking
Every fill is benchmarked against the live mid at order capture and at execution, giving you the data to demonstrate, report, and defend execution quality to counterparties and regulators.
Full audit trail
Every LP quote, routing decision, partial fill, and final execution is logged with microsecond timestamps, ready for TCA, compliance review, and counterparty performance reporting.
TCA & performance reporting
Built-in transaction cost analysis tracks slippage, fill rate, venue performance, and LP quality, surfaced through API, dashboard, or scheduled data export.
One aggregated pool. One routing decision. Every order.
STEP 01 — CONNECT
LP network
Plexus connects to a curated panel of institutional LPs, each streaming live two-way spot, forward, and NDF quotes continuously.
STEP 02 — AGGREGATE
Composite pricing
Quotes are collected per instrument and tenor, timestamped, and merged into a real-time composite best bid/offer, the unified view of available liquidity.
STEP 03 — ROUTE
Smart order routing
On a client order, SOR benchmarks each LP's live quote for price improvement over mid and routes, or splits, to maximize fill quality.
STEP 04 — RECORD
Execution & audit
Every execution is logged in full, fill details, routing decisions, and venue data, ready for compliance review and post-trade reporting.
FX, treasury bonds and commodities.
FX · Spot
Spot
G10 and emerging-market spot pairs executed against real-time aggregated LP quotes. Composite pricing ensures the tightest available bid/offer at every order.
FX · Outright Forward
Forwards
Deliverable outright forwards priced off the aggregated spot and LP-streamed forward points, from overnight to two-year tenors across major and EM pairs.
FX · Non-Deliverable Forward
NDFs
Non-deliverable forwards for EM pairs where physical delivery is unavailable. Plexus aggregates a deep NDF liquidity pool across the major EM fixing dates.
Fixed Income · Treasury Bonds
Treasury Bonds
Brazilian government bond execution, NTN-F and LTN, aggregated from institutional fixed-income liquidity providers and routed with the same composite pricing and audit trail as FX.
Commodities · Agricultural Forwards
Commodities
Agri-commodity forward execution sourced from exchange-linked liquidity, priced and routed through the same Plexus infrastructure.
Built for the institutional desk.
Corporate Treasury
Benchmark-driven FX execution
Corporate treasuries execute spot conversions and forward hedges against a composite best price, removing reliance on single-dealer marks and providing TCA evidence for finance teams.
Prime Brokerage
A differentiated execution service
Prime brokers offer clients aggregated best-price access and demonstrable fill quality, building client loyalty through measurable execution outcomes rather than relationship alone.
Institutional Trading
Deep liquidity, full transparency
Institutional desks route large-notional orders into multi-venue depth, splitting across LPs to minimize market impact while logging every step for post-trade analysis.
Plexus is designed to complement, not displace, your existing LP relationships. It aggregates and routes on top of the counterparty panel you already maintain, while adding composite pricing, smart order routing, and a structured execution audit trail.
White label Plexus for your clients.
White label, offer Plexus under your own brand as a complete, end-to-end execution channel for your clients
Banks & brokers, single channel covering FX spot, forwards, NDFs, treasury bonds and commodities from quote to settlement
ERP direct execution, corporate clients connect their ERP to the Plexus REST API and execute without a separate FX desk
Compliance export, complete, audit-ready execution trail for every order, exportable as CSV or JSON
Tell us about the instruments, venues, and workflows you need to execute. A specialist will connect you to the right configuration.
Request a Demo or Talk to our Team
Tell us what you're interested in and we'll connect you with our team.