We build the engine.
We take the position.
Drovix develops its own market-making technology and transacts as principal. Pricing and inventory management are connected responsibilities, governed by defined risk limits.
Inside the market-making mechanism
A quote becomes
an exposure.
Explore three linked decisions. Each selection exposes a different part of the same conceptual model: the quote, the exposure it creates and the boundary around both.
Illustrative decision states / no market data
- Bid / ask pricingSelected
- Resulting exposure
- Risk limit
Pricing meets the counterparty configuration.
The market-making engine forms pricing around the instrument, requested size and agreed counterparty parameters. The diagram exposes the pricing plane; it does not show a live quote.
- Observe
- Market inputs and permitted instrument scope.
- Decision
- Validate the quote within the approved pricing and risk configuration.
Pricing interfaces / Two institutional workflows
Streaming prices.
Specific requests.
Agree the pricing workflow around the instruments, sizes and execution requirements of your desk.
01 / Streaming
A continuing
price conversation.
Streaming quotes support connected institutional workflows. Instrument permissions, order parameters and the applicable risk limits are defined for the counterparty.
02 / Request-based
A price around
a specific request.
Request-based pricing starts with an approved instrument and size. Quote validity and execution terms apply within the agreed relationship and current market conditions.
Control responsibilities / The operating limits
The limits
shape the quote.
Market-making sits inside market-risk, counterparty-credit-risk, liquidity-risk and concentration-risk frameworks.
01Before the transaction
Pre-trade controls validate counterparty limits, margin and quote validity. Price validation and approved trading parameters determine whether an instruction can proceed.
02While exposure is held
Inventory limits and exposure monitoring govern the resulting position. Internal netting, external hedging relationships and kill-switch controls form part of the risk-management framework.
03When models need review
Pricing and risk-transfer models are subject to validation, performance monitoring, escalation procedures and governance review. Orderly quoting depends on both model behaviour and operating controls.
Execution records / After the transaction
What the desk
needs after a fill.
- 01
Execution reporting
Reconcile the fill against the order. Execution reporting supports the operational record across the agreed workflow.
- 02
Exposure summaries
Review positions and exposure on agreed schedules, aligned with the needs of your risk and operations teams.
- 03
Transaction cost analysis
Use the agreed TCA scope and benchmarks to support your own execution review. Reporting does not guarantee a particular execution outcome.
The next conversation
Define the quoting relationship.
Bring your intended instruments, pricing workflow and risk requirements. Start a conversation with the institutional desk.
Discuss pricing requirementsLeveraged OTC products, including Forex and CFDs, carry a high level of risk and a counterparty may lose more than its initial margin. The Drovix offering is directed exclusively at Eligible Counterparties and Professional Clients; Drovix does not provide services to retail clients.
Scope. Drovix is not a public exchange, multilateral trading facility (MTF), organised trading facility (OTF) or ECN. Drovix does not match third-party orders on a multilateral venue. Pricing and risk transfer occur bilaterally between Drovix and approved institutional counterparties under written agreements.
No retail. Drovix does not provide market-making, execution or any related services to retail clients. Services are not offered in jurisdictions where Drovix is not authorised or permitted to provide them. Quoting parameters are not guarantees of pricing, fill rates or trading outcomes.