What is a Matching Engine?
A matching engine or a trading engine is a software that records all open orders within the market and facilitates new trading activities under the circumstances of two orders being fulfilled through each other.
A crypto matching engine is the core hardware and software component of any electronic exchange and trading platform. Its primary function is to match up the offers and bids for the completion of trading activity. Matching engines make use of one or more algorithms for allocation of trades among competing offers and bids of the same value.
HashCash’s crypto matching engine is one of the most advanced and fastest software with a robust and scalable matching engine technology. It is highly compatible with cryptocurrency activities and the retail forex market. The foreign exchange providers and operators, big and small both can collaborate and connect with HashCash’s matching engine technology by using the web-oriented Match-Trader platform, FIX Bridge (Proprietary developed), and FIX API.
The key features of HashCash’s matching engine technology are:
Supports all asset classes – from equities to exotic derivatives to digital assets – and market models, in a single system. Specialized functionality for derivatives and hybrids model, as well as matching with flexible attributes.
High Performance-Oriented Matching
The comprehensive functionality of the order book supports varied order types along with other high-performance oriented attributes like an ultra-low door to door latency and high availability within a resilient and proven environment.
Risk Management & Interoperability
HashCash’s crypto matching engine collects and disseminates order books, quotes, sale & time, along with a market summary that includes OHLC prices and total volume. The software enables pre-order risk evaluation and validation externally along with augmented pluggable validation regulations.
Reliability & Resilience
HashCash’s crypto matching engine solutions ensure the prevention of a single point of failure in architecture through robust infrastructure and algorithms.
HashCash’s scalable solutions ensure seamless integration of trading business applications with the other Nasdaq business applications. Along with that, there are customized third-party business solutions and functionalities.
Reduced Operational Risk
The crypto matching engine significantly minimizes operational hazards across the architecture through a collective operational core that powers all kinds of business applications. It has a proven track record of high availability, resilience, and uptime during challenging market conditions.