Exoe

What Exoe does

Exoé SAS is a French external negotiation desk (table de négociation externe) that provides order reception, transmission, and execution services (RTO) to professional buy-side asset managers. Incorporated in 2007 in Paris as a Société par actions simplifiée with registered capital of €529,650, the company operates under investment firm authorization (PSI) #17873 issued by the ACPR on March 5, 2007, and is regulated by the AMF. Exoé acts strictly as a neutral intermediary between asset managers and market counterparties, with no proprietary trading, brokerage, or asset management activities, which is positioned as a structural conflict-of-interest avoidance.

The company's core technology stack consists of expert dealing systems connected to client tools with real-time order visualization and tracking. Order transmission is supported across multiple channels including FIX, FTP, SFTP, chat, email, phone, and a proprietary Exoé transmission module. Supporting modules include Order Book Monitoring (real-time execution tracking, with native iOS and Android apps), Research Vote (research quality measurement), Broker Review (broker performance evaluation), and a Client Update Form. Services cover equities, ETFs, convertibles, negotiable debt, government and corporate bonds, options, futures, and FX across European, US, and Asian markets spanning 132 countries, with continuous operations from 7:30 to 19:30.

Exoé generates revenue through transaction fees on order reception/transmission, execution, and investment advisory services, billed under multi-year service agreements with bespoke contract pricing — no public pricing is disclosed and no retail or non-professional clients are served. Go-to-market is exclusively direct B2B institutional sales targeting French and European asset managers. Named clients include Banque Richelieu Monaco, Indépendance AM, Clay Asset Management, Dôm Finance, and Inocap Gestion. The company has 11–50 employees, a single Paris headquarters at 6 Rue de Lisbonne, no disclosed parent company, no funding rounds, and no M&A activity.

Name

Exoe

Legal name

Exoé SAS

Website

https://exoe.fr

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

Exoé SAS is a Paris-based, ACPR-authorized external negotiation desk providing order reception, transmission, and execution services exclusively to professional buy-side asset managers across European, US, and Asian markets.

Ownership category

akta.pro rank

Product category

Institutional Trading & Execution Services

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Commodity Contracts Intermediation (523160)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Interdealer Bond Broker (IDB) Platforms (FSAFACAF)

akta.pro secondary industry

FX Request-for-Quote (RFQ) Venues (FSAFADAI)

Keywords

• Order execution services
• External trading desk
• Institutional asset management
• Order transmission services
• Investment services provider

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

1. Order Reception and Transmission (RTO): Exoé receives and transmits orders for account of clients to counterparties, acting as an intermediary between buy-side asset managers and market counterparties. This is the core service offering.
2. Order Execution: Execution of orders for account of clients, selecting appropriate intermediaries for best execution
3. Investment Advisory: Consulting services for investment decisions provided to professional clients

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Exoé operates as an external negotiation desk (table de négociation externe) providing order reception, transmission (RTO) and execution services for professional buy-side asset managers across equities, ETFs, convertibles, debt securities, government and corporate bonds, options, futures and FX. Orders are centralised, transmitted to counterparties, and executed via varied venues (High Touch, Low Touch, platforms, blocks, risk) with real-time order monitoring, best-execution measurement and continuous coverage from 7:30 to 19:30 across Europe, the US and Asia.

Product overview

Exoe is a single-product B2B financial services company offering an external negotiation desk service for asset management professionals. The core offering is a unified order reception, transmission, and execution service (RT0) that centralizes client orders for transmission to counterparty intermediaries. Supporting modules include Order Book Monitoring (real-time execution tracking with mobile apps), Research Vote (research quality measurement), Broker Review (broker performance evaluation), and a Client Update Form (account management). Services are available 7:30-19:30 across European, US, and Asian time zones covering 132 countries.

Differentiator

Problem solved

Functional benefit

Products and services

• External Negotiation Desk Services Core service providing order reception, transmission, and execution for professional asset managers. Centralises orders for transmission to counterparties across equities, ETFs, convertibles, debt securities, government and corporate bonds, options, futures and FX via multiple execution channels (High Touch, Low Touch, platforms, blocks, risk) with real-time order monitoring and best-execution measurement.
• Financial Instruments Trading Trading and execution services covering equities, ETFs, convertibles, negotiable debt securities, government bonds, corporate bonds, options, futures, and foreign exchange across European, US and Asian markets (132 countries referenced), available to professional clients.
• Order Book Monitoring Real-time visualisation tool for tracking order execution status through intermediaries, accessible via monitoring.exoe.fr with dedicated iOS and Android mobile apps for professional clients to monitor dealing activity.
• Research Vote Tool for measuring financial research quality, allowing clients to evaluate research performance.
• Broker Review Tool for conducting broker reviews, enabling clients to evaluate and rate broker performance.

Named customers4 records

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Regional players

• Bryan Garnier: European independent investment bank offering execution and equity research services to institutional asset managers, comparable in scope to Exoé's buy-side intermediary function though focused on mid-cap research distribution.

Broad incumbents

• TP ICAP: Large interdealer broker operating across rates, FX, credit and equities, intermediating orders between buy-side and sell-side counterparties — same external dealing-desk concept as Exoé but at significantly greater scale and global reach.
• Liquidnet: Institutional block-trading network facilitating order matching among asset managers — overlapping with Exoé's block-discovery and execution services for buy-side clients.
• Virtu Financial: Global wholesale market maker and execution services provider (acquired ITG) offering agency execution and internalization for institutional buy-side firms — competes with Exoé for asset manager execution mandates at far greater scale.
• Kepler Cheuvreux: Pan-European broker with a dedicated execution and fund-crossing desk serving asset managers across continental Europe — a comparable external execution services provider though embedded within a larger full-service broker.
• BGC Group (Fenics U): Operates Fenics U, an interdealer and institutional brokerage platform across rates, credit, FX and equities, intermediating client orders — comparable to Exoé's neutral intermediary role for asset managers.
• Compagnie Financière Tradition: Operates an interdealer broking network (TFS, GFI legacy) covering fixed income, derivatives and FX, matching counterparties as a neutral intermediary — a closely analogous business model to Exoé's RTO/execution service, but with broader product coverage and global footprint.
• Société Générale (MARKIT): Provides intermediary/execution and prime brokerage services to buy-side firms in France and Europe; competes with Exoé for outsourced dealing-desk mandates from mid-size asset managers.

Direct peers

• Portzamparc (BNP Paribas): French subsidiary of BNP Paribas providing intermediation, execution and corporate services to institutional asset managers — a competing execution intermediary in the same French mid/small-cap space as Exoé.
• Invest Securities: French broker providing execution services and corporate finance to institutional investors including asset managers, directly competing with Exoé in the French RTO/best-execution space.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInfr.linkedin.com/company/exo-
• Xx.com/exoe_france

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Exoe