B2Broker, a liquidity and technology provider of solutions for the crypto and Forex industry, has added a new and innovative range of features to its matching engine, B2Trader, according to a press release. The latest updates, which enable client demands to be met in record time, combined with external integrations further enhance B2Trader to deliver a matching engine with the ultimate in performance and user satisfaction. The company also indicated that new clients can now benefit from a discount on setup, offering more favourable pricing than 2020 due to COVID and the new market bull run.
A matching engine is the core mechanic of a digital exchange which matches up bids and offers to execute trades. These days, cryptocurrency trading is facilitated by electronic trading matching engines and the software supporting it is the most crucial part of any exchange as this is what enables users to trade with each other. B2Trader was first developed back in 2018 involving an in-depth integration phase before arriving at a state-of-the-art solid and stable solution.
Today, B2Trader is used by many of the world’s best-known exchanges, MTF Brokers, Security Exchanges, Market Makers, Spot FX Brokers and EMIs, with the job of matching an incoming market order of the user with the existing limit order of another user. The matching engine algorithm works by keeping a record of all open orders in a market and generates new trades if the two orders can be fulfilled by each other.
The engine is able to work 24/7 in parallel with the round-the-clock rhythm of the crypto markets without any breaks. B2Broker has delivered a solution that provides the very best in terms of performance and functionality, ensuring that all market participants are given the best execution.
Matching – Tech Stack, Details, Scheme of the Module and Capacity
The order matcher is designed for crypto trading and low-latency automatic trading systems and is able to fulfill 10,000 requests per second with an average latency of 500 ms. The new matching engine uses C # ASP.NET Core programming languages for the back-end and includes a trading mechanism for matching orders, various APIs and synchronization services and databases.
API – All Details, Languages and Capacity
The stability and performance aspects of the engine now allow for the development of faster APIs. B2Broker has introduced a new API for robotic trading and public data access which handles trading and public requests much faster while positively affecting the overall system performance (trading and public API – Websocket/Rest). With new API access, users can connect directly into the matching system and operate ultra-fast trading orders or receive crypto markets data on DOMs.
B2Trader incorporates a series of the latest features to provide the best possible protection from technical and fraud threats. These include an anti-throttling system, anti-spoofing protection and DDoS protection. Other security features include 2FA, adding an extra layer of security, and an IP Whitelist which puts in place a restriction to work only under a certain IP inside the admin panel.
A professional GUI meets all requirements from beginners up to pro-traders. It provides a multitude of features and a high degree of customisation such as adaptive colouring, easy and highly responsive navigation menu, grouping for sorting options into a more convenient structure and a customisable Dynamic User Interface with colour and font customisation which includes easy addition of widgets, widgets customization, workspaces for various trading styles and workspace arrangement.
Some recent developments include a watchlist that allows for the addition of favourite instruments in order to monitor percentage changes, White/Night mode, a broad variety of deposit/withdrawal methods featuring B2BinPay, IOC/FOK order settings and the availability of multiple sources of liquidity available for connection with B2Trader.
One of the key components is a feature-rich back office to maintain matching engine functionality where operational activities can be performed ranging from user commissions setup to markets management and finance reporting. B2Trader admin takes care of all operational options that need to be carried out by the exchange daily, delivering them in a user-friendly and sophisticated manner. The admin module allows you to manage and set up and change exchange user trading/withdrawal permissions, extract information on the history of user logins to the exchange UI, transfer history, user asset balances, information on a user’s aggregate balance in indicative currency, setup commissions for the markets or particular user and more, with safety always a top priority.
B2Trader uses hosting solutions that dynamically scale resources and support the most demanding and highly loaded projects. AWS hosting offers high levels of availability, scalability and performance, requiring higher amounts of management and administration that is fully organised by B2Broker.
To set up and run a successful exchange business, there needs to be an equal focus on sales and marketing, compliance, deposits, withdrawals, licenses, and the regulatory framework, etc. B2Broker fully understands the broad spectrum of requirements from clients and to achieve a service that is above and beyond expectations, has integrated a variety of services that help exchanges manage all aspects effectively:
B2BinPay – A cryptocurrency payment solution that allows businesses globally to send, receive, store, exchange and accept online crypto payments securely and safely at a reduced cost. Enables crypto deposits, automatic withdrawals, token integrations, etc.
B2Core – A new generation of professional software that helps brokers and exchanges manage their customers, admins and IB Managers in one place. One of the industry’s leading and most innovative client cabinets.
Crystal Blockchain – KYT integration via Crystal analytics provides deep insight into cryptocurrency transactions, including identities, risk scores and transaction histories to enhance due diligence and improve cryptocurrency compliance processes.
Fiat PSPs – A large range of PSPs are integrated featuring many of the industry leading names such as Paypal, Skrill, AdvCash, Simplex, B2BinPay, AccentPay, Koalapays and more.
SumSub – Helps companies conduct correct KYC/AML-checks so that companies don’t need to worry about verification. All checks meet the requirements of regulations in KYC, AML, CTF and requirements for processing personal data.
B2BX – A professional digital asset exchange which provides simple access to institutional level liquidity and allows users to trade a vast number of major digital assets and cryptocurrencies. B2BX supports EUR, GBP and USD currencies and wallets and all types of transfers including SEPA, SWIFT and Faster Payments in all major cryptocurrencies.
MarksMan – A spot bridge provider that provides aggregated liquidity from cryptocurrency exchanges, non-bank liquidity providers, OTC orders of institutional clients, hedge funds and thousands of client-broker orders.
In summary, B2Trader is a highly-reliable exchange platform featuring a modular, lightweight, extensible design. It is product-agnostic and interoperable with third-party services that make it one of a kind, and a highly sought-after solution in the industry.