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A-Team Insight Blogs

Beaxy Cryptocurrency Exchange Deploys OneTick as Matching Engine

Beaxy, an all-in-one cryptocurrency exchange has built its matching engine on OneTick, OneMarketData’s flagship high performance analytics and data management platform. The partnership is designed to allow faster transactions, unique and advanced order types, and an overall smoother flow in order books.

Based on the OneTick platform, Beaxy will service more than 20 different order types, including limits, stops, trailing orders and order sends order. The solution works by verifying inbound orders compute fees and ensuring and reserving available funds. Subsequently, the price matching engine determines a course of action for the order as an atomic, recoverable sequence of operations to fill the order and persist to a completed transaction for historical record, all with microsecond latency.

The platform also enables Beaxy to provide several wallets per currency, multiple users on a single account with various levels of permission, in-exchange TradingView charting and a security token offering launch platform.

Artak Hamazaspyan, CEO at Beaxy, says: “We wanted to increase the sophistication level of our analysis and approach. OneTick enables us to deliver a premiere exchange platform as through the partnership we have created one of the fastest exchanges in the world.”

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