- Outstanding accomplishment confirms platform's robustness and
reliability, even when processing particularly high trade
volumes
NEW YORK, July 30, 2024 /PRNewswire/ -- Global software
developer for the capital markets industry, Devexperts, has
announced that its turn-key solution for exchanges and dark pools,
DXmatch, has achieved an uninterrupted 12-month uptime with a
leading cryptocurrency exchange.
Devexperts explains that the accomplishment has been achieved
with DXmatch successfully withstanding peak loads of volatile
cryptocurrency markets. In an industry where even a few minutes of
downtime can result in significant financial losses, the
achievement highlights the robustness and dependability of the
platform.
The case is especially impressive given that the exchange in
question requires the processing of a particularly high peak load,
enabling its five million traders to trade crypto assets such as
Bitcoin, Ethereum, and Ripple. DXmatch can process 100,000 orders
per second, per segment with the option to add as many segments as
required.
DXmatch includes a matching engine, the epicenter of an exchange
which allows for trading to take place seamlessly around the clock.
The platform is asset-agnostic, supporting equities, futures,
options, FX, digital assets, as well as non-standard industries,
like bets, real estate, and predictions. Other DXmatch features
include market data delivery, storage, risk controls, WebSocket,
and FIX API.
Importantly, DXmatch focuses on enabling low latency and high
throughput. In the volatile world of cryptocurrency, platform
reliability enables users to take advantage of market opportunities
with confidence.
For exchanges, the proven efficiency of DXmatch translates to
fewer resources being spent on troubleshooting, allowing focus to
remain on new features and user experience.
Ben Hurley, CEO of Devexperts, commented:
"Our client set the challenge of providing a matching engine
that could process a particularly high volume of trades – not only
were we able to do this, but we were able to do it in a way that
has resulted in no issues nor downtime being experienced for over a
year. This testifies to our expertise and commitment to excellence
for our clients."
Editorial Contact: Mariana Wall: PR
Manager: pr@devexperts.com ; contact no: +44(0)207 250 4770;
email; john@moonlightiq.com
About Devexperts
Devexperts has been developing software for the capital
markets since 2002. The company's core expertise are multi-asset
trading platforms, matching engines, and exchange solutions.
Headquartered in Ireland,
Devexperts' development team consists of 900 engineers located in
the USA, Germany, Bulgaria, Singapore, Portugal, Turkey and Georgia. Learn more at:
https://devexperts.com.
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