LIQUIDITY DISCOVERY · ENCRYPTION-FIRST

The World's First Encrypted Search Engine for Equity Blocks

CrossBridge enables institutional investors to search for block liquidity without exposing sensitive trading intentions.

Not a broker.
Not a dark pool.
Not an execution venue.
A NEW PARADIGM

Google revolutionised information search by indexing the web.

CrossBridge applies encryption to liquidity search — allowing institutions to search for block liquidity without exposing the information they are searching with.

A new category of market infrastructure.
End-to-End Encrypted
All IOIs
Zero
Information Leakage
Anonymous
Throughout Discovery
Third-Party Audited
Independent Security Review
THE CHALLENGE

Information Leaks Degrade Execution Quality

Institutional investors face a fundamental tradeoff. To discover liquidity they often need to reveal their intentions — through traditional IOIs, broker conversations, chat rooms, email distribution lists, and broader market outreach.

The wider that information spreads, the greater the risk it reaches unintended recipients and affects market prices before execution can occur. The market needs a better way to search.

THE SOLUTION

Encrypted Liquidity Search

Searching for liquidity should not require revealing your interest to the market.

Participants create encrypted IOIs that remain inaccessible throughout the search process. Only when mutual interest is confirmed does information become available to the participants involved.

HOW CROSSBRIDGE WORKS

Five Steps to Secure Liquidity Discovery

01

Create

Create encrypted IOIs via browser or bulk upload. Select eligible brokers and define credibility requirements.

02

Search

CrossBridge continuously searches for overlapping institutional interest across the network.

03

Confirm

When compatible interest is found, both parties receive an anonymous notification. No sensitive data disclosed.

04

Connect

If both proceed, a limited match summary is revealed and a common executing broker is designated.

05

Execute

Execution occurs through existing broker relationships. CrossBridge never executes trades.

THREE CORE PRINCIPLES

What Makes CrossBridge Different

01

Anonymized IOI Messaging

Identities remain hidden throughout the discovery process. Participants receive overlap notifications without knowing the contra-side. If mutual interest is confirmed, both are directed to a common executing broker.

02

Zero Information Leakage

All IOIs remain encrypted. Unmatched searches are never revealed — not to participants, brokers, or even platform operators. Only the minimum required information is disclosed upon a confirmed match.

03

Transparent Accountability

Every participant carries a dynamic Credibility Rating. Participants can define minimum thresholds, exclude low-quality interactions, and prioritise highly credible counterparties.

FOR INSTITUTIONAL INVESTORS

Retain Control of Your Information

  • Create encrypted IOIs directly
  • Access via standard web browser
  • Choose preferred executing brokers
  • Apply credibility filters
  • Maintain commission-sharing arrangements
  • Support multiple execution workflows
Your search remains private until mutual interest is established.
FOR BROKERS

Expand Your Liquidity Discovery Network

  • Search for liquidity on behalf of clients
  • Preserve existing client relationships
  • Platform complements, not replaces, broker workflows
  • Represent clients directly on the platform
  • Coordinate execution upon confirmed match
SECURITY

Built Around Encryption — Not Added as a Feature

End-to-end encrypted IOIs

All indications of interest are encrypted throughout the search process.

Hidden participant identities

Identities remain anonymous throughout the discovery process.

Zero unmatched search visibility

Unmatched searches are never revealed to participants, brokers, or operators.

Secure execution coordination

Password-based coordination protects the match-to-execution handoff.

Independent security audit

Extensive third-party audit of platform code completed.

REGULATORY POSITIONING

Clear Separation Between Discovery and Execution

Not a Broker

CrossBridge does not intermediate trades in any form.

Not a Dark Pool

No execution occurs on the platform.

Not an ATS

A pure discovery layer above existing infrastructure.

JFSA Guidance

Operates in Japan under confirmed regulatory guidance.

ABOUT AUTHENTIC INDICATION

Reimagining Liquidity Discovery

Authentic Indication, Inc. was founded to solve one of institutional trading's oldest problems: how can investors search broadly for liquidity without exposing sensitive information? By combining encryption, anonymity, and accountability, CrossBridge provides a new framework for institutional liquidity discovery.

Ready to search in private?

Speak with our team about secure liquidity discovery for your institution.