Trading services

Flexible, transparent and compliant participation in alternative assets and digital investments otherwise known as real world assets.

BPX provides a fully regulated trading environment that supports the complete securities lifecycle from primary issuance to secondary trading and lending.

Institutions can participate in new issues, and trade and mobilise alternative and digital assets within a single, connected marketplace reducing friction, enhancing liquidity and ensuring regulatory confidence. Whether launching a new fund, seeking secondary liquidity or unlocking capital through lending, BPX offers the infrastructure, connectivity and transparency required for institutional-grade securities market participation.

Primary market

By connecting issuance, trading, custody and lending within a single integrated venue, issuers can reach a broad and deep professional investor universe. Investors, in turn, can participate directly in new issues, private credit opportunities and the burgeoning tokenised securities marketplace, all within a regulated capital markets framework.

Secondary market

As a regulated Multilateral Trading Facility (MTF), BPX provides a full range of execution services to support institutional trading, with transparent and compliant access to alternative and digital assets. Together with settlement and custody services, BPX powers the full investment lifecycle, enabling institutions to trade, lend, settle and custody assets in a single regulated and integrated marketplace.

Market Resources

Continuous, anonymous order matching for eligible securities.

Orders are prioritised by price and time, ensuring transparent price formation and efficient execution. All under the rules of our MTF.

BPX’s regulated marketplace supports transparent trading in equity and debt instruments through a fully electronic MTF. The trading services description document outlines the market structure, order types and connectivity framework that underpin fair and efficient market operations.

Get access to our markets through our standardised APIs.

Trading Hours
Monday to Friday within standard UK market hours: 08:00 – 16:30.
BPX is closed on all UK Bank holidays. Dates are published in the BPX trading calendar.

Market Data

Access real-time and delayed data

Market data is available directly from BPX. Contact us for more information.

Trade transparency and post-trade efficiency

BPX provides pre-and post-trade data in a file showing the latest trading day’s data, with a 15-minute delay, in a machine-readable format. Please see our technical documentation for information on data format and content.

Lending (Repo)

BPX enables the first institutional-grade marketplace where trading and lending co-exist, creating liquidity, flexibility and yield opportunities across the spectrum of alternative and tokenised assets.

BPX’s lending services integrate directly with trading and custody to create liquidity in traditionally illiquid markets. Institutions can pledge eligible assets including investment funds and real-world assets – as collateral to access short-term liquidity without triggering a sale or tax event. Contractual rights and obligations are embedded within composable workflows.

This lending layer transforms static holdings into mobilised collateral, enhancing capital efficiency for private banks, asset managers and institutional investors.

Trading and lending integration

Access liquidity directly from held positions

Collateral
mobility

Traditional or tokenised assets that may be accepted as eligible collateral in exchange for cash loans.

Operational efficiency

Integrated infrastructure for execution, settlement and custody

By combining trading and repo within a single venue, BPX establishes a self-reinforcing liquidity flywheel that supports price discovery and market depth in alternative and digital asset classes.

Service description

Cash lenders (collateral borrowers) can:

Post cash lending rates with auto-trade options
Engage in RFQs for custom trade agreements

Cash borrowers (collateral lenders) can:

Select from available cash lending rates and define available collateral to auto-trade
Post RFQs and negotiate custom trade agreements

Want to learn more?

Future-proof your alternative or digital assets listing and investment strategies, whether launching a fund, seeking secondary liquidity or digitalising listing, trading and lending workflows.