AERON Aeron Exchange Accelerator

Bespoke exchange and matching engine technology — delivered fast.

Talk to us about your exchange tech needs

Get the best of both worlds:
Foundational capabilities out-of-the-box.
Customization on top.

The Aeron Exchange Accelerator provides award-winning exchange and matching engine technology that gives businesses the flexibility, control, and agility they need to stay ahead.

  • Core functionality out-of-the-box
  • Customization without the cost
  • Fast time to market "Buy and Build"
  • Openness
  • IP ownership
  • High performance, resilience, consistency
  • Proven in production
  • Exceptional managed service [optional]
  • Core functionality out-of-the-box Leverage functionally-rich product blocks, fully maintained and supported by Adaptive, to eliminate foundational heavy lifting.

  • Customization without the cost Tailor the platform to your exact requirements without the high cost or the long-term support burden of a fully bespoke build.

  • Fast time to market "Buy and Build" Rapidly develop proprietary features on top of our stack, with a clean architectural separation between Adaptive’s IP and yours.

  • Openness Access and license the accelerator source code, fostering partnership and transparency.

  • IP ownership Maintain full control over your bespoke IP and innovation roadmap without vendor lock-in.

  • High performance, resilience, consistency Underpinned by Aeron’s industry-standard infrastructure to ensure ultra-low latency and mission-critical reliability.

  • Proven in production Deploy with confidence; our Accelerator powers multiple global venues across spot and derivative markets, providing battle-tested, mature foundations from Day 1.

  • Exceptional managed service [optional] Shift the operational burden to us—we manage routine maintenance, updates, and underlying infrastructure, so your team can focus on differentiation.

Case Studies & Content

Live and in production at leading exchanges – across spot and derivative markets

  1. Adaptive - Trading Technology, built for you.

    CASE STUDIES

    EDXM: Building a fault-tolerant, low-latency exchange in 7 months

  2. ErisX - Adaptive Financial Consulting - Case Study

    CASE STUDIES

    ErisX: Accelerating the build of a matching engine

  3. Adaptive - Trading Technology, built for you.

    BLOG

    Exchange Accelerator: A new approach to matching engine technology

Get core trading features out-of-the-box
with microsecond latency, high throughput,
and exceptional reliability and uptime guarantees.

The Aeron Exchange Accelerator is structured as functionally-rich, source-available building blocks that can be expanded and customized for more specialized needs.

  • Adaptive - Trading technology, built for you.

    Matching Engine

    • Price-Time priority matching.
    • Order book states for listed, open, suspended and post only.
    • Support for Market, Price Limit, Cost Limit and Post Only Limit Orders.
    • FoK, GTT, GTC, IoC Time In Force support.
    • Self match prevention.
  • Adaptive - Trading technology, built for you.

    Risk Management

    • Data structures for Accounts, Positions, Orders and Balances
    • Fully funded risk model for spot with balance management and pre-trade checks.
    • Management of actual and available balances across trading activity to validate funding.
    • Market and limit order collateralisation support.
  • Adaptive - Trading technology, built for you.

    Reference Data

    • Instrument and product reference data model.
    • Counterparty reference data model.
    • Account / data model.
  • Adaptive - Trading technology, built for you.

    Market Data

    • Market Data available through FIX and Binary Socket gateways.
    • Security list support.
    • Price aggregated market data or individual order.
    • Snapshots and Delta feeds.
  • Adaptive - Trading technology, built for you.

    Order Entry

    • Order Entry through FIX.
    • Session management with slow consumer disconnection and sequence resets.
    • Cancel on disconnect support.
    • Rate limiting protections at the gateway level.
  • Adaptive - Trading technology, built for you.

    Market Operations

    • Manage trading accounts, product configuration and fee structures.
    • Audit trails and logs for configuration changes.
    • Historic order query and retrieval.
    • Fund management API.

Let’s get technical

The Aeron Exchange Accelerator: Engineered for performance and resilience

  • Based on open-source Aeron® technology
  • Flexible, extensible core platform
  • High availability, resilience and microsecond latency
  • Flexible deployment models – cloud, hybrid, on-prem
  • Integration with external systems via gateways and connectivity components
  • Source Code available
  • Partner-compatible interoperability

Further reading

  1. Trading Technology for Capital Markets by Adaptive

    GET IN TOUCH

    Let’s chat about your exchange tech needs.

  2. Adaptive - Trading Technology, built for you.

    WEBINAR

    Exchange technology 2.0: Future-proofing exchange architecture

  3. Trading Technology for Capital Markets by Adaptive

    CASE STUDIES

    EDXM - Building a fault-tolerant, low-latency exchange in 7 months

  4. MarketsMedia Industry Research: Tech Deployment Patterns in Capital Markets

    INDUSTRY RESEARCH

    The Modernization Mandate: Who Calls the Shots on Trading Tech?