London Derivatives Exchange to Deploy Exberry's Matching-Engine-As-A-Service - The Industry Spread

Ricardo Esteves

Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.

LDX

London Derivatives Exchange to Deploy Exberry’s Matching-Engine-As-A-Service

July 29, 2020

London Derivatives Exchange (LDX) has annoucned Exberry as its provider of matching engine technology, which will enable LDX to launch global markets and cover a wide spectrum of asset classes, including digital assets and other alternative secondary market trading opportunities.

Exberry delivers a platform designed to help any asset class launch markets, pivot, and scale. LDX will leverage Exberry’s platform to provide technology for a wide variety of asset classes – from new security tokens, to traditional assets such as commodities or derivatives. Exberry was chosen for its modern, scalable, easily-deployed system and its client-focused engagement model.

The exchange matching engine is easy to integrate and is delivered as a “Matching Engine-as-a-Service” either cloud-based or on-premise. This flexibility allows clients to start rolling out a new exchange location within a number of weeks, rather than months or years, and enables global operations to be run from a single location.

James Davies, Director of LDX, said: “Exberry has emerged as the exchange platform provider and its 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 utilize our trading engine to support new initiatives globally, rather than being constrained by our technology and limited in what we desire to achieve.”

Vj Angelo, Chairman LDX Group

Vj Angelo, Chairman LDX Group, said: “I am very excited about this partnership. Exberry will provide one of the key tools for LDX to execute its business plan over the coming months and years. The LDX ecosystem will provide new opportunities to financial markets players, and Exberry will become a cornerstone of that system.”

Magnus Almqvist, Head of Exchange Development, said: “Collaboration and innovation are fundamental to Exberry and we are very excited to work with a visionary firm like LDX to deliver our exchange matching engine. We set up Exberry to help exchanges like LDX take advantage of new possibilities and seize the potential of new asset classes including security tokens and digital assets. This collaboration will make it quicker and easier for LDX to launch new markets anywhere in the world and ultimately scale its business and support its clients’ growth.”

Erez Zada, CEO of Exberry, added: “We are very excited to have established this partnership with LDX and to bring our innovative solution and technology to the market. We are convinced we are going to help our clients take full advantage of advances in the exchange world.”

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