Vermiculus' new cutting-edge trading platform delivers matching
with ultra-low deterministic latency, scalability, and 24/7
operations. Built on microservices, it seamlessly adapts to market
demands and regulatory changes, ensuring top-tier performance.
STOCKHOLM, Sept. 17, 2024 /PRNewswire/ -- Vermiculus, a
global provider of trading, clearing, and CSD technology, today
announced the launch of its next-generation ultra-low latency
trading platform, a generic system designed to support all
instruments and asset classes while addressing the ever-evolving
needs of today's exchanges and marketplaces. Built on a
cutting-edge microservice architecture, the system supports both
on-prem and in the cloud deployment. It 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. These enhancements underscore Vermiculus' commitment to
providing the fastest, most reliable trading solutions in the
industry.
The VeriTrade 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.
"Our new VeriTrade system not only boosts performance but
also guarantees a consistent and predictable order matching
process," said Taraneh Derayati, CEO of Vermiculus. "In an
industry where every microsecond counts, our platform's ability to
deliver deterministic matching with such low latency is a
game-changer."
VeriTrade's microservice-based architecture offers exceptional
flexibility and performance and can be easily tailored to meet each
customer's unique requirements, accommodating the increasing
demands of today's markets.
Taraneh Derayati continues:
"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," said Taraneh Derayati, CEO of Vermiculus.
The market- and systems operations user interface is designed to
accommodate diverse operational workflows. It offers customizable
dashboards and widgets that enhance the user experience while
managing operational tasks.
System access is provided via FIXP, FIX performance session
layer. Similar high-performance protocols can be supported
on-demand.
Other features included in the trading system are rich business
functionality, price and liquidity discovery, auctions and uncross
handling, trade reporting as well as pre-order risk checks and
ultra-dynamic combination order handling.
VeriTrade shares with all Vermiculus systems the well-proven and
quality assured VeriPrimerTM platform, which includes a
communication layer as well as integrated standard components. The
VeriPrimer platform ensures consistency and full integration across
all Vermiculus products, enhancing performance, resilience,
scalability, and security.
To learn more, visit the VeriTrade product page or reach
out for a hands-on demo.
About Vermiculus Financial Technology
Vermiculus Financial Technology AB provides cutting-edge
trading, clearing, and CSD solutions to market participants around
the world. Vermiculus' solutions are the first to bring
state-of-the-art advances in dynamic microservice architecture
together with vast experience in clearing house, exchange, and CSD
business requirements.
Vermiculus' solutions radically improve robustness, quality, and
flexibility by utilizing AI-driven microservices, and can achieve
superior environmental performance, elastic scalability, and
cost-efficiency through SaaS and cloud-based deployment.
The company started its operation in 2020 and is founded by
industry experts with the incentive to revolutionize the technology
of exchanges, clearing houses, and CSDs. With its headquarters in
Stockholm, Sweden, Vermiculus
consists of hand-picked teams, trained to deliver mission-critical
solutions. With decades of accumulated knowledge and expertise, the
team has previously completed 75+ projects for the world's largest
exchanges, clearing houses, and CSDs. For more information, visit
vermiculus.se
For further information, please contact:
Amelie Hedenstierna - PR &
Communications
Vermiculus Financial Technology
Tel +46-(0)73 622 24 54
amelie.hedenstierna@vermiculus.se
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