A turnkey exchange solution
DXmatch is a complete infrastructure: order matching engine, market data delivery, storage, risk management suite, APIs for market access, and rich administrative UI.
Stocks and derivatives exchange
Market place
Swap execution facility
Electronic communication network (ECN)
Alternative trading system (ATS)
Dark pool
Proven, resilient,
regulation-ready platform
The full cycle of operations, tools, and modules for running a 24/7 exchange business.
Why DXmatch?
Broad range of assets
DXmatch is asset-agnostic, it supports equities, futures, options, FX, digital assets, NFTs, as well as non-standard industries, like bets, real estate, and predictions.
Resilience
Stateless APIs for trading and exchange management (REST, FIX), automatic failovers (RAFT protocol).
Scalability
Capacity grows using the horizontal scaling mechanism. Each matching segment handles up to 100,000 orders/second. Install however many segments your business requires.
Ultra-low latency
The advanced bare metal system setup provides sub-100 microsecond, 99th percentile wall-to-wall latency for order processing via high-performance FIX API.
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Autonomy and self-service
The richness of the admin panel provides an opportunity to configure the system, monitor trading operations, and intervene when needed.
Risk management
DXmatch has a safety net to protect customers from accidents using the following risk controls available immediately. Additional risk controls are available in DXmatch upon request.
Fat finger protection
DXmatch ensures traders won’t enter an erroneous order with a price that’s too far from the market price.
Price slippage limit
The DXmatch algorithm sets a limit price for Market and Stop orders to prevent order execution too far from the best market price.
Self-trade prevention
The system prohibits matching buy and sell orders from the same market participant, ensuring appropriate order placement.
Mass cancel
Exchange operators can cancel all working orders by market participant, symbol, and instrument type at once.
Min/max order limits
Validation of order quantities and prices to comply with min and max limits. Market participants are protected from entering an order with invalid quantities.
Kill switch
All working orders pertaining to a market participant can be canceled at once while preventing new ones.
Cancel on disconnect
Automatically cancel all orders of a market participant in the event of a FIX API’s disconnect.
Message throttling
Limits the number of messages received per second from a market participant.
Various installation options
DXmatch is delivered as RPM-packaged applications for installation to any RPM-based Linux operating system (RedHat, Oracle, CentOS, OpenSUSE, Rocky Linux).
Bare metal
for the most stable progressing latency
In-cloud
for maximum flexibility: Google Cloud (GCP), Amazon Web Services (AWS), Microsoft Azure
Recommended setups
Development and testing: 1x Server or VM 64 GB RAM
Minimum production: 6x Servers, 32 GB RAM each
Highly available 2 segment production setup: 16x Servers + VMs 32 GB RAM each