Exchange on a chip

PAX (link) is building an exchange on a chip. We co-locate high frequency trading (HFT) logic directly onto the same silicon device where we run our core exchange matching engine.

We move traders to within nanometers of the exchange. Such proximity unlocks unprecedented value to high frequency customers and PAX shares this value by offering zero-fees & cash-back, to every other market participant on every trade.

Crypto go-to-market

PAX will start operating its exchange first in crypto, offering spot & perps for BTC & ETH. Crypto is a fast growing space with $1T+ in daily volume.

Making high frequency trading so easy, anyone can do it

Speed is the most crucial ingredient to competing in high frequency. At PAX, it's ridiculously easy to be fast. The PAX λ API enables any trader to respond to new market information at the very moment the information is published. There is no faster tick-to-trade in the world.

Open trading models

PAX is building production grade α models (AI/ML price prediction models) and releasing the source code, training data, and model weights as open source: an industry first.

Technology that spans asset classes

After growing in crypto, PAX will establish a U.S equities ATS and continue to monetize by operating exchanges in every asset class and every global market.