Governance & Independence
PDX has been designed with a governance model that supports trust, neutrality, and long-term market participation.
The exchange operates independently of individual lenders and CRAs, with oversight and decision-making structured to ensure it serves the market as a whole.
Neutral Operating Model
PDX operates independently of individual lenders and CRAs. Key principles of the operating model include:
- Equal treatment of participating lenders and CRAs
- Transparent operational processes
- Market-wide benefit over individual advantage
This neutrality is fundamental to the credibility and sustainability of the exchange.
Oversight & Accountability
PDX operates with:
- Defined governance and decision-making structures
- Clear accountability for data handling and platform operation
- Oversight appropriate to its role as shared market infrastructure
Governance arrangements are designed to support confidence among lenders, CRAs, and other stakeholders engaging with the exchange.