Vermiculus has announced the launch of VeriTrade, an ultra-low latency trading platform that is expected to further strengthen the name of the leading provider of trading, clearing, and CSD technology.
VeriTrade boasts a generic system designed to support all instruments and asset classes while addressing the ever-evolving needs of today’s exchanges and marketplaces.
According to Vermiculus:
- The new ultra-low latency trading platform was built on a cutting-edge microservice architecture
- The system supports both on-prem and in the cloud deployment
- VeriTrade is engineered to rapidly adapt to diverse regulatory frameworks while managing increasing trading volumes and complex order types, all with support of 24/7 operations.
- The system is designed to ensure deterministic order matching with single-digit microsecond response times. This advancement allows traders to execute transactions with unprecedented speed and precision, offering a significant competitive edge in high-frequency trading environments.
“Deterministic matching with such low latency is a game-changer”
Taraneh Derayati, CEO of Vermiculus, said: “Our new VeriTrade system not only boosts performance but also guarantees a consistent and predictable order matching process. In an industry where every microsecond counts, our platform’s ability to deliver deterministic matching with such low latency is a game-changer.
“Exchanges and marketplaces that utilize a new layer of advanced business functionality into their matching engines will gain a distinct competitive advantage. Our systems are designed to be future proof, ensuring they meet the demands of tomorrow already today.”
VeriTrade boasts microservice-based architecture that allows for easy customization to meet individual client requirements, adapting to the growing demands of today’s financial markets. The system’s user interface is tailored for operational efficiency, featuring customizable dashboards and widgets. These enhance user experience by streamlining operational tasks while accommodating a variety of workflows.
VeriTrade also supports high-performance protocols such as FIXP, and offers on-demand support for other protocols. Its trading system is equipped with extensive functionality, including price and liquidity discovery, auction handling, trade reporting, pre-order risk checks, and dynamic combination order management.
The ultra-low latency trading platform leverages VeriPrimer, which ensures integration, resilience, scalability, and security, providing consistency in performance across Vermiculus’ product portfolio.
