The financial frontier for the AI economy

Compute has a price. Now it has a market.

Liquid Compute is building a regulated exchange for compute: verification, clearing, settlement, and price discovery for neoclouds, AI companies, traders, and lenders.

* PMEX Markets is pending designation as a DCM and registration as a DCO by the CFTC.

BuySellTradeFinance

The stack

How a Compute Trade Works

Pricing, matching, delivery, and trading in one single platform on Liquid Compute.
See how it works
  1. Liquid Compute chip diagram with four callouts: Specs, Transactions, Availability, and Indices

    Data

    The Liquid Compute Index (LCI), our daily reference price for A100, H100, H200, B200, and B300s.

  2. Four GPU servers in a loop labeled Supply, Demand, Trading, and Clearing around a central market chart

    Exchange

    Hedge your compute costs with help from our OTC desk. Our CFTC-regulated exchange and clearinghouse, coming soon.* PMEX Markets is pending designation as a DCM and registration as a DCO by the CFTC.

  3. Server rack with four callouts: Access, Testing, Maintenance, and Monitoring

    Physical delivery

    Facilitated transfer of compute ownership.

  4. GPU card with four callouts: Prepayments, Lenders, Offtake, and Credit

    Financing

    Lending against contracted compute.

Market participants

Compute Buyers, Sellers, and Lenders

Everyone who buys or sells compute, with trading and financing along the way. Tell us who you are and we'll set you up.

Find your path

AI companies

Buy compute to train and serve models, or sell idle and excess capacity.

Neoclouds and operators

Find buyers and financing opportunities to facilitate your business.

Trading firms

Find exposure to compute with our OTC desk.

Lenders

See contracted capacity and the prices behind it.

Compute marketplace diagram: AI companies buy, train, and use; neoclouds and data centers own, list, and sell; trading firms quote, trade, and hedge; lenders finance, lend, and earn

Latest

What We're Seeing

Notes on compute pricing and market structure.
View all

Trading

Compute credit is tightening. Residual value hedges are here for borrowers and lenders.

Credit for compute is tightening. A cash-settled floor on the compute rate prices GPU residual risk, for new deals and for lenders' existing books.

Credit

The compute credit cycle just turned, and why that's a good thing.

Compute credit is repricing. Why lenders now underwrite the operator as well as the offtaker, and what the cycle means for buyers, operators, lenders and investors.

Credit

Tier 2: Trading firms, revenue-stage AI apps, and the structure that gets them financed

Part 2 of the GPU Offtaker Credit Map: trading firms, AI applications, and the financing structures that make Tier 2 contracts bankable.

The GPU Compute economy is open, start trading now.

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