Standardized, tradable contracts on hurricane, wildfire, flood, earthquake, and severe-storm exposure — listed in the open, priced in real time, matched between the desks that need to hedge and the desks that want to take.
Today, when an insurance carrier needs to offload exposure to a wildfire season, a hurricane corridor, or a flood-prone county, the options are slow, bilateral, and opaque. Reinsurance treaties are negotiated months in advance behind closed doors. Catastrophe bonds take a year and millions in legal fees to bring to market.
There is no real-time, transparent venue where a carrier can simply buy down its tail the way an airline buys fuel hedges or a bank hedges rate risk.
We're building that venue. On RSKX, catastrophe exposure becomes a standardized, tradable contract — listed, priced in the open, and matched between the desks that need to shed risk and the desks that want to take it on.
Every contract is written against a defined event in a defined geography — a named hurricane making landfall above a wind threshold, a wildfire crossing an acreage threshold inside a hex, a flood event exceeding a stage trigger. Listed publicly. Matched continuously. Settled when the event data is in.
Each contract is keyed to an H3 resolution-9 hex (≈ 400 m across) and a defined event threshold. Specifications are public. Anyone can quote on either side of the book.
Real-time bid/ask, transparent depth, executed against a public order book. Makers post liquidity, takers fill it. Same rules every desk that's ever traded electronically already knows.
When the qualifying event data lands from NOAA, USGS, NIFC, or NWS, the contract resolves automatically. Cash-settled in USD. 48h dispute window. No claims process, no adjudication.
Real prices, real-time, on your actual coordinates. No login required.
On one side, institutional desks laying off correlated CAT exposure. On the other, allocators and traders taking on catastrophe as an uncorrelated asset class — without the lock-up and legal cost of a cat bond.
Most of the volume on RSKX is institutional. Carriers, MGAs, reinsurers, state plans — desks that hold concentrated, correlated CAT exposure and need a faster, cheaper way to lay it off.
On the other side of the book, allocators and traders who want exposure to a fat-tailed, weather-driven asset class that doesn't correlate with the rest of their portfolio.
Every clearing price on RSKX is the consensus view of some of the world's largest and most sophisticated risk managers — emitted live as they trade two-sided. We package that signal as a live market-data product, hex-resolution, and license it to firms that want the view without taking the risk.
If you trade on RSKX, every tier of the market data product is bundled in. Full L2 depth, complete history, hex-level signals, climate overlays, RFQ access, settlement archives. No metering.
Want the signal without taking the risk? License the feed. Same data, packaged for research, internal pricing, model-marking, and academic use. Tiered by depth and update cadence.
Most of our flow comes from desks running their own execution and risk infrastructure. RSKX speaks the protocols they already speak.
Maker-taker. Takers pay a 30 bps top-tier fee that scales down to 24 bps. Makers earn rebates from 10 to 14 bps, volume-adjusted. No platform fees, no data minimums for trading customers, no asymmetric pricing for size.
RSKX is the regulated, neutral infrastructure that makes catastrophe exposure a market. We're onboarding institutional counterparties through Q3 2026.