Institutional Services

Enterprise-grade trading infrastructure for hedge funds, proprietary trading firms, and family offices

Institutional Services

LX provides institutional-grade infrastructure purpose-built for sophisticated market participants requiring the highest standards of performance, security, and compliance.

Overview

LX Institutional combines the transparency and self-custody benefits of decentralized finance with the performance, reliability, and compliance capabilities expected by regulated financial institutions.

CapabilityTraditional ExchangeLX Institutional
SettlementT+2 (equities), T+1 (futures)T+0 Atomic
CustodyCounterparty riskSelf-custody + MPC
Latency10-100 microseconds487 nanoseconds
Throughput100K-1M orders/sec434M orders/sec
TransparencyOpaque order routingFull on-chain audit
Market HoursLimited24/7/365

Institutional Capabilities

Trading Infrastructure

  • Prime Brokerage: Credit facilities, margin financing, and cross-margining across asset classes
  • OTC Desk: Block trades, RFQ system, and bespoke execution for large orders
  • Enterprise API: Dedicated endpoints, co-location, and custom integrations

Operations & Custody

  • Custody Solutions: MPC wallets, cold storage, and institutional-grade key management
  • Settlement: T+0 atomic settlement, DVP, and cross-chain delivery
  • Compliance: Transaction monitoring, sanctions screening, and regulatory reporting

Governance & Reporting

  • Reporting: Trade confirmations, tax reports, and audit trails
  • SLA: 99.99% uptime guarantee with financial penalties
  • Onboarding: KYB verification, documentation, and dedicated support

Client Segments

Hedge Funds

Systematic and quantitative strategies benefit from:

  • Sub-microsecond execution for alpha capture
  • Full market depth via Level 3 data feeds
  • Co-location services with direct market access
  • Historical tick data for backtesting
  • Multi-strategy support with sub-account isolation

Proprietary Trading Firms

High-frequency and market-making operations leverage:

  • 434M orders/sec throughput for aggressive quoting
  • Negative latency via predictive pre-caching
  • Maker rebates up to 5 basis points
  • Dedicated network paths with guaranteed bandwidth
  • Custom order types (iceberg, TWAP, VWAP)

Family Offices

Long-term wealth preservation through:

  • Institutional custody with multi-signature governance
  • Tax-optimized execution and reporting
  • Consolidated portfolio view across chains
  • Estate planning integration
  • White-glove relationship management

Asset Managers

Fund operations supported by:

  • NAV calculation and fund accounting integration
  • Subscription/redemption workflow automation
  • Performance attribution and risk analytics
  • Regulatory reporting (Form PF, AIFMD, etc.)
  • Investor portal with permissioned access

Security Certifications

LX maintains the highest security certifications required by institutional clients.

CertificationStatusAudit Frequency
SOC 2 Type IIActiveAnnual
ISO 27001ActiveAnnual
ISO 27017 (Cloud)ActiveAnnual
PCI DSS Level 1ActiveAnnual
FIPS 140-3ActiveContinuous
Penetration TestingPassedQuarterly
Smart Contract AuditsPassedPer-release

Custody & Key Management

Native Lux Infrastructure (Colocated in Kansas City DC)

SolutionTypeLatencyNotes
Lux ThresholdMPC (CMP/LSS)Sub-millisecond (nanoseconds w/ optics)Native, configurable threshold
Lux KMSKey ManagementSub-millisecondHardware-backed, colocated
Lux HSMHardware Security ModuleSub-millisecondFIPS 140-3 certified

Colocation Advantage: All Lux custody infrastructure is colocated in our Kansas City datacenter, providing the fastest and most secure key operations available. For institutional clients requiring third-party custody, we support integration with external providers.

Third-Party MPC Providers (External integration via REST API)

ProviderProtocolThresholdTypical LatencyIntegration
FireblocksMPC-CMPConfigurable~250msREST API
BitGoTSS2-of-3~100msREST API
CopperMPCConfigurable~80msREST API
AnchorageHSM+MPCPolicy-based~150msREST API
UtilaMPCConfigurable~100msREST API

Auditors

  • Financial Audit: Deloitte
  • Security Audit: Trail of Bits, OpenZeppelin
  • Penetration Testing: HackerOne Bug Bounty Program
  • Compliance Review: Chainalysis, Elliptic

Regulatory Framework

LX operates within a comprehensive regulatory framework designed for institutional participation:

Jurisdictional Coverage

JurisdictionRegulatory StatusLicense
United StatesRegisteredMSB (FinCEN)
European UnionLicensedMiCA Compliant
United KingdomRegisteredFCA Crypto Asset
SingaporeLicensedMAS PSA
SwitzerlandLicensedFINMA VQF
Cayman IslandsRegisteredCIMA VASP

Compliance Standards

  • AML/KYC: Full compliance with FATF Travel Rule
  • Sanctions: OFAC, EU, UN sanctions screening
  • Tax Reporting: CRS, FATCA, 1099-DA ready
  • Market Integrity: Trade surveillance and manipulation detection

Performance Comparison

Latency vs Traditional Venues

Venue              Round-Trip Latency
────────────────────────────────────────
LX (GPU)       2 nanoseconds
LX (CPU)       487 nanoseconds
CME Globex         ~1 millisecond
NYSE Arca          ~50 microseconds
Coinbase Pro       ~10 milliseconds
Binance            ~5 milliseconds

Throughput vs Traditional Venues

Venue              Orders/Second
────────────────────────────────────────
LX (GPU)       434,000,000
LX (CPU)       1,013,824
CME Globex         ~10,000,000
NYSE               ~1,000,000
Coinbase Pro       ~100,000
Binance            ~1,000,000

Getting Started

1. Initial Consultation

Contact our institutional sales team to discuss your requirements:

2. Qualification

Minimum requirements for institutional access:

  • AUM/Trading Volume: $10M+ AUM or $1M+ monthly volume
  • Entity Type: Registered legal entity (LP, LLC, Corp, Trust)
  • Compliance: Ability to complete KYB verification
  • Technical: API integration capability

3. Onboarding

Typical onboarding timeline: 5-10 business days

  1. Complete KYB documentation
  2. Sign institutional agreement
  3. Configure custody solution
  4. Integrate via API/FIX
  5. UAT testing in sandbox
  6. Production go-live

See Onboarding Guide for detailed requirements.

Support Channels

ChannelAvailabilityResponse Time
Dedicated Account ManagerBusiness hoursImmediate
24/7 Trading Desk24/7/365< 1 minute
Technical Support24/7/365< 15 minutes
Emergency Hotline24/7/365Immediate

Contact Information

Institutional Sales

Trading Desk

Technical Support

Compliance

Documentation