Brett Harrison

Founder & CEO @Architect_Fi | Derivatives exchange group for AI commodities and perpetual futures. Offering the American Innovation Exchange and AX.

[Brett Harrison @BrettHarrison]

Introducing the American Innovation Exchange, the first U.S. derivatives exchange designed for trading the AI economy. Trade futures and options on compute, metals, energy, and other critical instruments in the AI supply chain. Coming soon from Architect.

[Brett Harrison @BrettHarrison]

If you’re in the neocloud space and have compute risk to hedge, we want to learn more. Reach out, DMs are open.

[Brett Harrison @BrettHarrison]

The typical neocloud operator we speak to says some version of: “I’ve sold out 12 months of capacity on my H200 cluster, but I don’t know what compute prices will be in months 13-24.” Futures solve this, but the suitability of the hedge depends on the index. More below ↓

[Architect @Architect_Fi]

Compute futures indexes need to be broad enough to capture private cloud transactions but narrow enough to minimize basis risk for datacenter hedging. Architect’s Nvidia H100, H200, B200, and B300 futures will offer the best of both worlds on the American Innovation Exchange.

[Brett Harrison @BrettHarrison]

The middle ground aggregates H200 offers and transactions in a SKU-aware way. We’re fortunate to be working with @ComputeDesk, which collects and compiles compute pricing data at the finest granularity we’ve seen in the market.

[Brett Harrison @BrettHarrison]

@kkirkbos @CNBCMorningCall Excellent interview!

[Architect @Architect_Fi]

The largest US futures exchanges require a six-figure minimum annual payment in market data fees, API fees, and data distribution fees to trade. Why?

It’s time to move forward. Trade futures on the American Innovation Exchange with direct access and no market data or API fees.

[Brett Harrison @BrettHarrison]

@cds979 @OrnnExchange We work with Ornn, they are one of our index providers. They’re not a licensed derivatives exchange, they provide index data to exchanges and trading venues to settle derivatives contracts. Our international exchange, AX, was the first regulated venue to work with them.

[Brett Harrison @BrettHarrison]

Architect is working with AI companies that have specialized compute and capex/opex hedging needs ahead of the launch of our US futures exchange, the American Innovation Exchange. We’d love to hear from more, any referrals that come our way are greatly appreciated.

[Brett Harrison @BrettHarrison]

@DevanshuXi Thanks for sharing this. If you’re interested in interviewing with us let me know.

[Brett Harrison @BrettHarrison]

We also have incentive programs available for early liquidity providers. If your company wants to start systematic trading in GPU futures, or you make markets in energy or metals, reach out to us.

[Architect @Architect_Fi]

Every AI datacenter is a copper story. Power distribution, busbars, transformers, miles of cabling. Datacenter buildouts at this scale are pushing copper demand into new territory. The AI Exchange lets you hedge the metals that build AI alongside the compute that runs on it.

[Jacob Robinson @JacobRobinsonJD]

Over a trillion dollars worth of perps are traded every month, yet 99% people have never heard of them.

This @LawofCodeFM episode is a multi-hour deep dive on perps, starting from the history of grain futures in Chicago to Friday's historic @CFTC announcements. It took me months to put this together.

My goal: the internet's most comprehensive explainer on perps.

You'll hear from the world's leading experts on the legal layer of perps; @jchervinsky and @BradBourque of @HyperliquidPC, @BrettHarrison of @Architect_Fi, @kkirkbos, @_Ryne_Miller, @mdf2000 and David Shafer of @coinbase.

By the end of this episode, I promise you'll be in the top percentile for understanding perps, regardless of where you're starting from.

(You just might need to listen twice. There's a lot here.)

Timestamps:

0:00 Intro
4:04 What is a perp @BrettHarrison
7:18 Why futures contracts exist
8:15 Liquidity fragmentation
11:01 History of U.S. futures @_Ryne_Miller
17:08 Richard Nixon, the gold standard and financial futures
21:27 Birth of the CFTC
24:27 Robert Shiller's 1992 paper @kkirkbos
30:09 Price convergence
32:00 The funding rate
43:41 Oracles and manipulation risk
47:39 Are perps swaps or futures?
52:44 A @ChairmanSelig clip on perps
54:02 The DCM framework
59:16 DCMs, DCOs and FCMs explained
1:04:55 History of crypto perps (BitMEX)
1:13:00 How Hyperliquid works
1:25:41 CFTC's historic announcements on May 29, 2026
1:35:00 Fireside with @jchervinsky and @BradBourque of @HyperliquidPC

Nothing in this podcast is legal or investment advice.

[Jacob Robinson @JacobRobinsonJD]

Ok fine I’ll do a 3 hour podcast on perps.

From the history of grain futures in Chicago to funding rates and yesterday’s landmark CFTC announcement, the goal is to take you from 0 to a 99th percentile understanding of perps.

You’ll hear from Hyperliquid’s @jchervinsky, @BradBourque, as well as experts like @_Ryne_Miller, @kkirkbos, @mdf2000, Architect’s @BrettHarrison and Coinbase’s David Shafer. Each was incredibly generous with their time.

Can't wait to share it on Monday.

[Brett Harrison @BrettHarrison]

@dgt10011 @AdrianUberto @kevinyb @anjan_vinod That’s awesome, congratulations!

[Brett Harrison @BrettHarrison]

@dgt10011 Thanks Jeff!

[Brett Harrison @BrettHarrison]

Introducing the American Innovation Exchange, the first U.S. derivatives exchange designed for trading the AI economy. Trade futures and options on compute, metals, energy, and other critical instruments in the AI supply chain. Coming soon from Architect.

[Brett Harrison @BrettHarrison]

@JacobRobinsonJD @kkirkbos @Architect_F Thanks Jacob!

[Brett Harrison @BrettHarrison]

@willnuelle Thank you Will and the whole Galaxy team!

[Brett Harrison @BrettHarrison]

Compute has emerged as the most important commodity in the 21-century global economy. The American Innovation Exchange will ensure that its financialization begins here in the U.S. and develops with the agility and speed the artificial intelligence industry requires.