# SpectrAxe

> SpectrAxe operates institutional OTC trading infrastructure combining an anonymous FX options central limit order book, disclosed Direct Trade and a credit framework designed to connect counterparties without direct bilateral relationships. Its current offering also includes FX swaps, NDFs, precious metals and prime-broker position switching.

- **Founded:** 2021
- **Headquarters:** New York, United States
- **Founders:** Alvin Chopra (Co-founder and COO)
- **Products:** Axe FX Trading Platform - CLOB, Direct Trade, SpectrAxe Switch, Multi-asset OTC infrastructure
- **Notable:** CFTC SEF registration granted December 5, 2022., All-to-all OTC FX options CLOB live by May 2024., Series A announced April 10, 2025 with three institutional trading investors.

## Products & services

- **Axe FX Trading Platform - CLOB** — Anonymous all-to-all central limit order book for institutional OTC FX options with firm executable prices.
- **Direct Trade** — Disclosed RFQ and block-trade pathway; July 2025 filings prepared its rollout.
- **SpectrAxe Switch** — Web-based position switching across prime brokers covering spot, forwards and NDFs.
- **Multi-asset OTC infrastructure** — Current advertised scope includes vanilla FX options, NDFs, FX swaps and precious-metals forwards and options; US regulatory reporting and automated option expiry handling are advertised.

## Achievements

- CFTC SEF registration granted December 5, 2022.
- All-to-all OTC FX options CLOB live by May 2024.
- Series A announced April 10, 2025 with three institutional trading investors.
- Continued SEF registration after conversion from LLC to Inc. on April 4, 2025.

## Latest updates

- **2026-07** — CFTC filing index records a metal-product fee amendment effective July 15, 2026.
- **2026-01** — January filings added FX swaps and updated access-participant terminology and fee schedules.
- **2025-07** — Direct Trade RFQ and block-trading changes filed; block minimum sizes lowered after feedback.
- **2025-04** — Series A announced with Susquehanna, IMC and CTC.

## Links

- Website: https://www.spectraxe.com/
- LinkedIn: https://www.linkedin.com/company/spectraxe/

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Profile page: https://yespress.io/spectraxe
Published by YesPress — https://yespress.io
Last updated: 2026-10-04