About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

LDX Taps Exberry Matching Platform for Expansion Plans

Subscribe to our newsletter

The London Derivatives Exchange has selected newcomer Exberry to provide it with matching engine technology for its expansion into new asset classes and global markets. The deal is Exberry’s first; the company launched its multi-asset class platform in June.

LDX plans to use Exberry’s platform to widen the range of asset classes it lists, from new security tokens, to traditional assets such as commodities or derivatives. Exberry’s exchange infrastructure will help LDX to deliver initiatives designed to improve the end-to-end investment model and implement processes that will drive down costs and increase operational efficiencies, to the benefit of the end investor.

According to Magnus Almqvist, head of exchange development at Exberry, the system’s  scalable microservice architecture will give LDX the flexibility to add asset classes and even new markets when opportunities arises. Exberry’s infrastructure has been designed to overcome the limitations of existing exchange technology, which can be large, unwieldy and difficult to scale.

Almqvist says Exberry’s backers – Tel Aviv-based OM2 Group – saw an opportunity in the marketplace to offer an agile matching engine that allows exchange operators to respond nimbly to new market opportunities, while providing levels of corporate governance frequently absent from new platforms for cryptocurrencies or other digital assets.

The Exberry matching engine is delivered as a ‘Matching Engine-as-a-Service’ concept, and can be hosted in the cloud or on-premise. The platform uses Kubernetes to manage microservices that can be co-opted to quickly roll out new markets in weeks rather than months or years.

LDX director James Davies says Exberry’s  exchange matching engine “is an important addition to our technology suite to drive our strategy to transform the investment model. We were immediately impressed by Exberry’s modern architecture, the ability to add new asset classes in a timely and cost efficient way, and their client engagement model. It means that we can utilise our trading engine to support new initiatives globally, rather than being constrained by our technology and limited in what we desire to achieve.”

Exberry’s infrastructure features a blend of exchange and secondary market trading technology and expertise. The platform was designed in anticipation of the potential of emerging digital assets and demand for alternative secondary market trading opportunities. The platform’s core matching engine is light to deploy and easy to integrate into new and existing ecosystems through well-documented APIs and easy to access sandboxes.

The Exberry venture is the latest of a series of Fintech launches by OM2 Group, whose model helps entrepreneurs launch and run their businesses. Its portfolio includes Ownera, Creditplace, Straterix, :Banked, Quartz, Block Event and Nxchange.

Almqvist joined Exberry during the first half, reporting to Erez Zada, CEO of OM2. Almqvist was formerly head of technology sales at Aquis Exchange, senior business development manager at FIS (SunGard), and UK general manager at Smarts Group’s (part of NASDAQ OMX) London office.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Trade the Middle East & North Africa: Connectivity, Data Systems & Processes

In Partnership With Date: 20 May 2024 Time: 11am London / 1pm Egypt & Saudi Arabia / 2pm United Arab Emirates / 6am CET Duration: 50 minutes As key states across the region seek alternatives to the fossil fuel industries that have driven their economies for decades, pioneering financial centres are emerging in Egypt, United...

BLOG

Xceptor and Delta Capita Unite to Streamline T+1 Settlement

Data automation platform provider Xceptor has announced a partnership with Delta Capita, a global provider of managed services, technology solutions, and consulting to the financial services industry, aimed at helping financial institutions prepare for the T+1 settlement deadline of 28th May 2024. The partnership, which will leverage Xceptor’s data automation platform and Delta Capita’s expertise,...

EVENT

TradingTech Briefing New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

Trading Regulations Handbook 2021

In these unprecedented times, a carefully crafted trading infrastructure is crucial for capital markets participants. Yet, the impact of trading regulations on infrastructure can be difficult to manage. The Trading Regulations Handbook 2021 can help. It provides all the essentials you need to know about regulations impacting trading operations, data and technology. A-Team Group’s Trading...