Introducing Adaptive’s open Exchange Accelerator: A new approach to exchange and matching engine technology

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Adaptive provides award-winning exchange and matching engine technology that gives businesses the flexibility, control, and agility they need to stay ahead.
Whether you are establishing a new exchange or upgrading your legacy exchange technology, the approach you choose needs to meet your current demands and also adapt to future challenges. Traditional exchange technology vendors, offering SaaS or on-prem solutions, allow you to get started quickly but limitations quickly transpire when it comes to customization or innovation at pace.

“We can’t get on to our vendor’s product roadmap.”
“We have very limited control over innovation.”
“Their slow rate of change stifles our ability to compete.”
“We are being forced to upgrade – at a very inconvenient time.”

Those are comments we hear more often than not. That’s why Adaptive offers an alternative approach.
Here is how Adaptive’s open Exchange Accelerator model is different
Adaptive licenses you the source code and grants you the right to make any modifications you want to our award-winning open Exchange Accelerator platform, rather than offering a proprietary, closed, and highly prescriptive matching engine that remains under vendor control. Read on to understand more about how we make this approach work for you.
Rapid deployment: Bespoke matching engine technology in weeks
Adaptive offers a production-proven open Exchange Accelerator platform that has passed stringent security and quality audits by major financial institutions. It provides a core set of trading features out-of-the-box to get started quickly, like order handling, validation, price-time priority matching, risk management, compliance reporting, and full audit trails – while delivering performance requirements: low latency, high throughput, and reliable uptime. These foundational capabilities, available from Day 1, equip you to manage common scenarios out-of-the-box, but crucially, they’re also structured as building blocks that can be expanded and customized for more specialized needs, including 24/7 trading hours.
For example, to support new market models or to extend into new asset classes, our open Exchange Accelerator gives you the flexibility to tailor the functionality to match your unique requirements. It also includes connectivity components to enable seamless integration with external systems like settlement and reference data services, using FIX or other protocols. Disaster recovery is embedded in the design, covering multiple racks, data centers, and geographic regions to maintain operations in all conditions.
Unlike closed, proprietary offerings, we license our source code so you have the freedom to customize and build upon the existing feature set. Meanwhile, Adaptive continually maintains and optimizes the underlying technology, ensuring security hardening, portability across cloud providers, and ongoing performance enhancements. This model lets you focus on the business logic and matching workflows that differentiate your exchange, while relying on a secure, adaptable foundation that’s ready to scale with you as your needs evolve. Furthermore, our clients are in full control and can choose when they update their platform. They do so with the confidence that comes from a full set of automated test infrastructure and operational tooling included in Adaptive’s open Exchange Accelerator.

The Adaptive open Exchange Accelerator

Client ownership of IP and source code access
At Adaptive, we believe that our clients should have full control over their technology. We are for people that value differentiation via technology. That’s why our clients own the IP and can access the source code of the solutions we build with them. This ownership ensures that they have complete control over their product roadmap and the freedom to innovate independently. There’s no vendor lock-in, and clients can evolve their tech stack as they desire over time. This level of control is crucial for exchanges that need to adapt quickly to changing market conditions and regulatory requirements. By owning their IP, clients can make changes and improvements without being dependent on a vendor’s development schedule.
Flexible deployment models; cloud, hybrid, on-prem
Adaptive open Exchange Accelerator supports cloud, hybrid, and on-premises deployment models. We specialize in high-performance cloud implementations and partner with all major providers, ensuring scalability and cost-efficiency. Our hybrid solutions integrate cloud and on-premises environments, offering flexibility. This flexibility allows exchanges to adapt their deployment strategy to meet specific needs and future-proof their technology.
If you are not yet ready to deploy your exchange to the cloud, but would like to retain the option, our open Exchange Accelerator makes migration simple. Aeron, the open source technology that underpins our platform, is highly performant on-prem, in co-lo and in the cloud. It facilitates the development of high-performance, resilient electronic trading systems that deliver microsecond latency, extremely high throughput (millions of messages per second), and fault-tolerant services, regardless of where systems are deployed. Recent cloud performance testing conducted on Google Cloud and AWS demonstrated that Aeron meets or exceeds the demands of all but the lowest latency and highest throughput markets in the public cloud – affirming that with Aeron technology, the cloud’s latency and fault tolerance can rival on-premises solutions. More information regarding the performance test results can be found here.
Client empowerment
Success for Adaptive means helping our clients get to market quickly and operate independently. We train our clients’ IT departments and build alongside them until they are ready to take over. This empowerment ensures that clients can continue to innovate and evolve their technology without being dependent on a vendor. Our collaborative approach fosters a strong partnership with our clients, often lasting for years.
Exceptional Managed Service
Owning the IP and having access to the source code of your exchange has, until now, meant having software engineering talent in-house. For an exchange operator traditionally reliant on vendor-provided technology, building this capability can be intimidating. For those exchanges that wish to remain focused on their clients, and not build out an engineering or support capability, Adaptive offers a solution. We provide all the advantages of a managed platform, while you retain ownership. This optional service ensures that clients can focus on their core business while we handle the technical and operational complexities. Our managed service provides everything from routine maintenance and updates to comprehensive support for complex technical issues, as well as managing the underlying cloud or physical infrastructure provider.
Ready to transform your exchange technology?
Adaptive’s open Exchange Accelerator offers a unique hybrid approach that combines the best of both worlds: rapid implementation with cutting-edge tech foundations and a matching engine tailored to each of our client’s needs.
Empower your exchange with technology that evolves with you.

 

 
Ready to take control of your exchange technology? Schedule a consultation with our experts to discuss your specific needs and discover how our open Exchange Accelerator can drive your success.

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