Exchanges & Trading Venues Partners & introducers
Liquidity programmes measured against their obligations
How a venue calculated liquidity provider rebates against the obligations it had actually set, rather than by hand each month.
The starting point
A client has market makers on quoting obligations that differ by programme and by instrument. Performance was measured in a spreadsheet, rebates were agreed by email, and disputes took days to settle.
What they needed
- Hold each programme's obligations against the participant
- Measure performance against those obligations
- Calculate the rebate with the working kept
- Settle a dispute from the record, not an inbox
What FYNXT delivered
FYNXT holds each programme and its obligations on the participant record, and Incentive Management calculates the rebate from the measured performance, with the calculation attached.
What changed
- Obligations live on the record
- Rebates carry their calculation
- Disputes are settled from the record
- Onboarding & compliance
Membership applications that stop living in email
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Conformance testing on the same record as the paperwork
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Fee tiers that are not rebuilt every month
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Next step
See how FYNXT would run this for your firm.
Book a demo and we will walk through this use case on your own set-up, with the systems you already run.