The VCP Standard for Brokers

For Institutional Brokers, ECNs & Audit Firms

Verify Best Execution. With Regulatory-Grade Evidence.

VCP runs as a sidecar beside your execution systems,
generating tamper-evident audit trails relevant to MiFID II RTS 25 / EU AI Act Article 12
suitable for institutional due-diligence.

How Do You Verify "Fair Execution"?

Traders are suspicious. Regulators are tightening oversight.
Yet CSV and database logs can be modified by anyone with admin access.

The Critical Question

It's time to stop treating "transparency" as just marketing speak and elevate it to "cryptographic verifiability".

Three Messages Only VCP Can Deliver

No one else in the world can say these three things.

Cryptographic Best Execution

Making Best Execution cryptographically verifiable

VCP chains all events from order creation to execution using hash chains and seals them with Ed25519 digital signatures.

This makes slippage and order-rejection decisions cryptographically verifiable after the fact.

Eliminate "he said, she said" disputes. Build absolute trust with traders.

Regulatory Evidence by Design

Log structure designed to produce evidence relevant to MiFID RTS 25/28

VCP's data model natively supports MiFID II (RTS 25/27/28) and EU AI Act requirements.

PTP time synchronization status and algorithm IDs are automatically recorded—no post-processing required.

Dramatically reduce audit costs and minimize regulatory risk.

Non-Intrusive Sidecar & Trusted Data Layer

Zero-friction deployment with audit platform compatibility

No need to modify your existing matching engine or FIX gateway. VCP runs as a sidecar, receiving logs via API and processing signatures asynchronously.

Compatible with audit platforms such as CompliAI™ or Omnia™, providing them with cryptographically-verifiable input data.

Zero latency impact. Implementation & PoC possible in as little as 2 weeks.

Zero-Friction Architecture

"We don't add a single line of code to your core systems. Just stream your logs to VCP."

Broker's Engine

Existing Trading Server
MT4/MT5/cTrader

API Hook (Non-blocking Log Output)

VCP Sidecar

Hashing → Signing
→ Merkle Tree Construction

Append-Only Storage

Audit Log
Blockchain Anchor

Institutional Use Cases

How brokers and ECNs can leverage VCP

Institutional Due Diligence

Provide verifiable evidence for institutional onboarding, liquidity provider reviews, and algo-trading governance audits.

Regulatory Evidence Automation

Automatically produce evidence relevant to MiFID II RTS 25 / EU AI Act Article 12 record-keeping obligations with cryptographically-secured logs.

Execution Forensics

Offer regulators and auditors cryptographically verifiable reconstruction of signal → order → execution chains.

Early Adopter Program

Join the Vanguard of Transparency

VSO is currently recruiting pioneering partners for a MiFID-aligned VCP implementation for Institutional Market Infrastructure. VCP implementation can start with a PoC limited to specific asset classes and server configurations.

Early Adopter Incentives

Full Engineering Support

VSO technical team provides implementation support

Joint Press Release

Co-branded announcement rights

License Fee Waiver

No license fees during PoC period