Headquartered in London, Skytra was recently established to help the $1 trillion per annum air travel industry hedge its revenue risk through the trading of cash-settled futures and options contracts based on a series of Skytra Price Indices. This is the first time that the industry will have financial risk management instruments available to them specifically to address revenue volatility.
As part of the agreement, Nasdaq will deliver a full suite of marketplace systems, including the core matching engine, the regulatory reporting required under MiFID II, and the market surveillance and pre-trade risk management solutions required to safeguard the integrity of the trading venue. The systems will be hosted in Nasdaq’s data centres and the public cloud. Nasdaq will provide a fully managed service, including technical operations of all software and infrastructure.
To learn more, read the full press release.
What will Skytra do for the airline industry?
Re-imagine risk management and manage exposure
Skytra's derivative contacts and infrastructure provide an ability for the industry to manage revenue unpredictability.
Create predictable revenue streams for more reliable financial planning
The capital intensive air travel industry makes long-term financial commitments, but is challenged by short-term revenue visibility, where up to 90% of the tickets are booked within 90 days before take-off.
Support long-term sustainability goals
By helping to decrease revenue volatility risk and providing more risk management options, Skytra can help provide a basis for a more financially stable industry for the future.
How is Nasdaq playing a role in Skytra?
Robust, proven trading & clearing technology
Skytra will leverage the Nasdaq Financial Framework matching technology to underpin the new Multilateral Trading Facility (MTF), and utilize Nasdaq Clearing as the central counterparty (CCP) to counterparty every derivative contract traded.
Helping safeguard the market
Nasdaq Market Surveillance and Pre-Trade Risk Manager will be deployed to safeguard market integrity, as well as regulatory reporting to help meet MiFID II obligations
Value beyond the technology
Expertise in disaster recovery, experience with regulatory authorities and knowledge of requirements and more help to deliver value to Skytra beyond the technology.
Learn more about the Skytra Team
Mark's background is in European and Asian equity and derivatives markets. He began his career at Merrill Lynch, and moved to Instinet, where he ran the Asia-ex-Japan business. He set up new stock exchanges with Instinet’s Chi-X subsidiary and was CEO of Chi-X Europe. He joins from Bloomberg where he was in a senior strategy role.CEO , Skytra Learn more about the Skytra team
During her 15 year career within Airbus, Elise has held various international management roles in Communications, Performance Management, Lean & Business Process Improvement, Strategy and Business Development where she has built up a breadth of experience and a vast network in the aviation industry. Elise holds two Diplomas in Communications and an executive MBA with majors in finance and marketing.Co-creator, Chief Sales & Marketing Officer, Skytra Learn more about the Skytra team
Matthew has been working in the Airline industry since the 1990’s, first at an Airline before starting at Airbus in 2004 as an Aeronautical Engineer developing new Aircrafts. He then went on to work in a variety of management positions both in Europe as well as India and China. Matthew has worked in business development and strategy since 2014 where he led the development of a number of major new projects before establishing Skytra alongside Elise Weber.Co-creator, Chief Strategy & Product Officer, Skytra Learn more about the Skytra team
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