Programmable swaps are a pioneering standard for financial communication and value exchange, which increases capital market efficiency and security.Every programmable swap is an autonomous unit of on-chain code written in the x programming language, a new financial coding language that formalizes definitions of financial exchange and assets.Programmable swaps are the foundation used to connect the fragmented infrastructure of global finance.
Lingua franca of finance
Modern finance is fractured and chaotic, programmable swaps simplify it into an uncomplicated common language. Complex financial operations, which would ordinarily require thousands of lines of custom code, can now be expressed in simple and intuitive notation.All programmable swaps share the same architecture and can be settled against each other regardless of asset class (orders, indexes, options, etc.).
Transactions happen within the bounds of a formally verified financial system, to ensure your trades execute securely and exactly as intended. These boundaries are called “trading complete,” which defines the space of all possible trades from orders to the most complex trading and market making strategies.
The system agnostic design of programmable swaps enables the fractured financial markets to finally be connected. For the first time, diverse electronic trading systems, markets and chains can communicate with each other safely and on a peer-to-peer basis.
Programmable swaps provide a framework for human to human, human to machine, and machine to machine communication. Financial transactions no longer require thousands of lines of code, and are condensed into simple terms that are both machine-readable and intuitively understood by humans.
Research-driven & multi-disciplinaryProgrammable swaps allow you to embed assets within financial operations and thereby create complex and emergent asset behavior. Each programmable swap executes fairly and as intended, regardless of whether they are instructed with a simple limit order or a complex market making strategy.The programmable swaps design draws from category theory, type theory, advanced mathematics, and high assurance code engineering. They are the result of many years of first principles based research, as well as experience building and managing financial infrastructure facilitating hundreds of billions of dollars in daily trading volume.
One language to connect everyone
Exchange and define value globally - trade on your own terms.