Drovix — institutional liquidity provider
Drovix (MU) Ltd · not examined
- evidence score
- 78/100
Licence, read literally
| Regulator | Licence number | Jurisdiction | Tier | Source |
|---|---|---|---|---|
| Financial Services Commission (Mauritius) | not published · authorised · checked 2026-09 | MU | T3 | open source |
Tier classification follows the same scale as the retail register: tier-2 means real supervision and client-money segregation, without an investor compensation scheme — never misread it as tier-1 protection.
Residuals a counterparty carries
1
- R01
Self-measured performance
Latency (<1ms internal target), LP count (15+) and fill ratios are the venue's own measurements until a counterparty reproduces them in UAT. The TCA export architecture makes them auditable for an actual client — a prospective one should insist on it.
Source: drovix.com/technology — targets stated as 'targets, not guarantees'
The claims ledger
Claims specific enough to be falsified — and the ones that remain the venue's own measurement.
Testable claims
- Internal execution target <1ms on the C++/Aeron stack, with the measurement boundary disclosed (internal only; client RTT network-dependent)
- Active-active failover across four Equinix venues with redundant cross-connects
- 99.9% uptime SLA target, published as a target rather than a guarantee
- Per-fill TCA export (spread captured, slippage vs mid, fill ratio, time-to-fill) for the counterparty's own analytics
Claims we cannot verify from outside
- LP count (15+) and fill ratios are the venue's own measurement
- Internalisation quality ('zero market impact' routing) cannot be observed from outside the portal
Perimeter and coverage
- Asset classes
- not examined
- Venues
- not examined
- Connectivity
- not examined
- Clients accepted
- not examined
- Explicitly refused
- not examined
A firm that publishes its own negative space — who it refuses, where it is not licensed — is materially easier to diligence than one that doesn't. The refusal list is treated here as disclosure, not as a defect.