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Forming markets for the future of finance
Formation Markets is building a global derivatives institution and the software on which other institutions can build their own businesses. Our ambition is to make more of the economy accessible to hedging and investment.
Read the thesis
Make more of the economy tradable.
Event contracts and perpetual futures expand what financial markets can trade. Alongside established futures, options and swaps, they create new possibilities for hedging and investment.
We develop the instruments and counterparty relationships around these markets, with the ambition to establish whole families of financial products and recurring institutional business.
Open new markets to global capital.
New markets need investors who can hold their risks. We develop structures around those investors’ mandates, alongside the needs of businesses seeking protection.
Swaps and funded notes offer familiar ways to access new exposures. Connecting these markets to institutional capital can support larger transactions, broader participation and investment programmes that continue across market cycles.
Explore the business
Build your financial business on Formation.
Our financial work develops the software behind it. Structurers work with specialist AI and quantitative models, turning expertise into methods that other institutions can use.
Brokers, dealers and investment firms will be able to develop and run their own businesses on Formation. They bring their own clients and investment objectives, with each institution keeping its books private. The ambition extends far beyond the transactions we originate ourselves.
Explore the platformCompany performance is the beginning.
We begin with derivatives on reported bookings, production and sales, traded separately from a company’s shares. A common operating reference can connect businesses and investors with different exposures and views.
Each company can anchor a family of instruments. From this starting point, we intend to enter further markets and develop our own capacity to deal and hold risk.
The experience to build it.
Formation Markets brings together senior experience in institutional derivatives and financing with original research into how financial markets work.
Our founders have built institutional businesses and client relationships, helped establish derivatives markets in new jurisdictions, and developed research and software for new ways to trade risk.