Built for institutional compliance review.
Named sources. Defined fallbacks. No ad hoc settlement.
Every listed contract specifies its primary observation source, fallback hierarchy, observation time, revision treatment, and settlement timetable before trading begins. Primary sources include publications such as BLS releases, BEA data, Federal Reserve announcements, AP election calls, state-level certifications, and Federal Register entries. An independent Resolution Committee determines outcomes only within that source hierarchy and the documented appeals framework. Daml smart contracts encode the logic so risk, compliance, and internal audit can review it ahead of approval.
Permissioned access & KYC/AML
Only onboarded, identified institutions and their approved entities participate. Attribution, onboarding controls, and participant entitlements integrate with internal systems.
No public mempool. Deterministic sequencing controls.
Canton's permissioned infrastructure has no public mempool. Hidden orders, batch auctions, deterministic priority rules, pre-trade credit checks, position limits, collars, and self-match prevention are designed to reduce information leakage and sequencing abuse before execution.
Integration surface
REST and streaming APIs for positions, market data, and post-trade reporting, designed to fit alongside OMS/EMS, risk systems, and internal ledgers.
Operational resilience
Byzantine fault-tolerant consensus, deterministic finality, and the performance profile already running institutional financial-market workloads on Canton.
Conservative funding policy
Entry and final-halt exposure are funded conservatively. Portfolio margin is a controlled institutional feature applied within a defined risk framework, not the baseline assumption. Final halt is a high-integrity funding state.
For the rulebook structure, independent control functions, and the explicit default management waterfall, see Governance.