A New Financial Market

THE BENCHMARK.
THE MARKET.
THE INFRASTRUCTURE.

LIX is creating the market infrastructure for standardized expectations about life expectancy — benchmarks, exchange, clearing, market data and analytics built around one common curve.

LIX market infrastructure hero
The Missing Market

Every major financial risk has a reference point. Life expectancy does not.

Credit has CDX and iTraxx. Equities have the S&P 500 and Nasdaq 100. Rates have SOFR and the U.S. Treasury curve. Volatility has VIX. These benchmarks do more than summarize a market: they give institutions a common language for price discovery, risk transfer, valuation and product design.

LIX is applying that same market architecture to life expectancy. The objective is to turn a diffuse actuarial assumption into an observable financial reference that can be compared across ages and time.

Benchmark

A common reference point.

Market

Transparent price discovery.

Clearing

Standardized risk transfer.

Data

Reusable market information.

Meet the LIX Curve

One curve. Multiple cohorts. Multiple horizons.

The LIX Curve is organized by age cohort × survival tenor. That structure makes it possible to distinguish near-term changes from long-duration expectations and to compare how the same information may affect different age groups.

LIX age by survival tenor matrix
Illustrative market architecture. Final contracts and availability remain subject to regulatory approval and launch conditions.

The curve is the connective tissue across the entire platform: benchmark values organize the risk, listed contracts make the risk tradable, clearing manages counterparty exposure, and market data makes the resulting information observable.

Integrated Market Infrastructure

The benchmark is only useful if the market around it works.

LIX is designed as an integrated system rather than a collection of disconnected products. Each infrastructure layer reinforces the next.

Integrated LIX market infrastructure

Benchmark → Exchange → Clearing → Market Data & Analytics.

Market Drivers

The curve moves when the information behind life expectancy changes.

Medical innovation, public health, demographics, economics, policy, technology and actuarial evidence can influence different cohorts and tenors in different ways. LIX organizes that information into a disciplined market-relevance framework.

LIX Market Drivers Monitor
Eliyahu

Connect portfolio assumptions to market information.

Eliyahu is the analytical layer designed to help institutions compare internal assumptions with the LIX benchmark, map exposures to cohorts and tenors, run scenarios and connect analysis to potential hedge decisions.

Eliyahu analytics dashboard
Institutional Foundation

A new market has to fit inside the financial system around it.

Technology, access, regulation, governance and institutional adoption are not secondary workstreams. They are part of the market itself.

Technology & Resilience

Institutional-grade architecture, controls and continuity.

Market Access

Clear participation, connectivity and onboarding standards.

Regulation & Policy

Engagement across market, prudential and retirement frameworks.

Company

Gilgal General is the parent company of LIX.