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Demand Derivatives
Demand Derivatives operates as a holding company preparing a multi-venue derivatives infrastructure: a futures exchange (RealFutures), a swap execution...
Demand Derivatives
Demand Derivatives operates as a holding company preparing a multi-venue derivatives infrastructure: a futures exchange (RealFutures), a swap execution facility (RealSwap), and a clearing house (RealClear). The firm states it is seeking CFTC and SEC approval. Its instrument suite centers on RealStop futures and swaps, which embed a guaranteed stop-loss, and RealDay options, delayed-strike daily contracts designed to limit risk and eliminate payment defaults. The platform intends to list contracts across major asset classes through two divisions — RealDollar for U.S. dollar-denominated instruments and RealNugget for physical gold-denominated instruments. The firm also publishes RealVol Indices, a suite of realized-volatility measures on the top 40 assets, and RealGlobe Indices tracking 40 country benchmarks. Order types include RealClose, which executes at the daily settlement price, and RealRoll, which re-centers stop boundaries on existing RealStop futures positions. Team size and funding are not publicly disclosed. The firm's public footprint is a single-page website with a New York address and a contact phone line. No named principals, leadership biographies, or regulatory filings beyond the pre-launch entity descriptions appear in available sources. The site states the entities are subject to CFTC and SEC approval, but it publishes no timeline, capital commitments, or prior trading activity. Demand Derivatives is structurally distinct as a pre-revenue exchange operator rather than an investment manager. Its core architecture — a vertically integrated futures exchange, SEF, and CCP with embedded risk limits — targets a regulatory and operational gap: delivering guaranteed stop-loss protection and instantaneous clearing at the contract level, which the firm argues current market structures cannot achieve.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
99 Wall Street, Suite 3901, New York, NY 10005
Frequently asked questions
What entities does Demand Derivatives operate?
The firm is structured as a holding company with three proposed regulated entities: RealFutures Exchange (a U.S.-regulated futures exchange), RealSwap Execution Facility (a U.S.-regulated swap execution facility for Eligible Contract Participants), and RealClear Clearing House (a U.S.-regulated clearing house for both futures and swap transactions). All three are stated as subject to CFTC and SEC approval, per the firm's website.
What novel instruments does Demand Derivatives plan to list?
The platform's core instruments are RealStop futures and swaps — contracts with an embedded and guaranteed stop-loss limit — and RealDay options and swaptions, which are delayed-strike daily options with limited risk and close-to-close coverage. The firm also publishes reference indices, including the RealVol suite of realized-volatility measures on 40 assets and the RealGlobe suite of 40 country indices.
How does Demand Derivatives address counterparty risk?
The firm's design goal is to eliminate payment defaults and guarantee every payment through its integrated RealClear Clearing House structure, paired with instant trade clearing. The RealStop instrument embeds a guaranteed stop-loss that limits maximum loss per contract, while RealDay options use a delayed-strike mechanism designed to offer perfect close-to-close coverage with limited risk.
What is the regulatory status of the platform?
Demand Derivatives states on its website that all entities — RealFutures, RealSwap, and RealClear — are subject to CFTC and SEC approval. The firm has not published any approval dates, pending applications, or specific regulatory milestones, and no CFTC or SEC filings for these entities were identified in the sources reviewed.
Does Demand Derivatives manage capital or operate as a family office?
No. Demand Derivatives is a pre-launch exchange and market infrastructure holding company, not an asset manager or family office. It does not disclose any AUM, managed accounts, or investment vehicles. Its business model is to operate a regulated trading venue and clearing house, earning revenue from transaction fees rather than from managing capital.
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