Digital Assets

Exberry Launches Matching Engine Service for Exchanges

Exberry, an online trading firm with offices in London and Tel Aviv and part of OM2 Group, has launched its multi-asset class exchange infrastructure designed to enable traditional, alternative and digital asset exchanges to launch, pivot and scale. The announcement follows the appointment of Magnus Almqvist as Head of Exchange Development.

Built over three years by industry veterans, the operator aims to deliver a blend of exchange and secondary market trading technology and expertise with capabilities applicable to every asset class and capital markets opportunity.

The emergence of digital assets and demand for alternative secondary market trading prompted Exberry to offer a service boasting a core matching engine to boost existing exchanges’ capabilities and enable new entrants to scale quickly. It is easy to integrate into new and existing ecosystems through well-documented APIs and easy to access sandboxes, according to the company.

Marketed as a “Matching Engine-as-a-Service” concept, the service allows clients to reap the full benefits of a cloud-based or on-premise solution.

The newly appointed Head of Exchange Development, Magnus Almqvist, is an industry veteran who will help shape the development and growth of the company, reporting to Erez Zada, CEO of OM2. Prior to Exberry, Almqvist was 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.

Erez Zada, CEO of OM2, said: “The exchange world is in a state of flux, and is moving away from rigid structures and definitions of what can and cannot be traded. Existing players are waking up to the fact that they need a lighter, scalable infrastructure without compromising risk, performance and security.  New entrants are looking for a credible alternative which will bring them to market faster. We set up Exberry to help exchanges and other marketplaces free themselves from the limitations of legacy technology and take advantage of new possibilities and seize the potential of new asset classes. Magnus’
experience in growing exchanges and technology firms will be invaluable to our leadership team as we navigate the opportunities ahead of us.”

Magnus Almqvist

Magnus  Almqvist, Head of Exchange Development, said: “I am delighted to join Exberry and am already encouraged by the industry appetite to transform its exchange technology. What really excites me about Exberry is the ability to scale and support clients of every size and asset class; entrepreneurs have some great ideas, they want to start with something small, test it in the market and grow. Established markets are looking for flexibility and to modernise their technology stack. At Exberry we can scale down to support emerging micro markets and readily scale up to help national stock exchanges.”