Hydra X

PC Hyper X

Combining exchange innovation with capital markets experience.

HydraX provides a matching engine and full-featured exchange solution with the performance and resiliency expected of an institutional-grade exchange. The ability to customize and develop new features gives you the control that means HydraX can grow and scale with you.

Available as a secure and regulatory compliant managed service, on prem or on the cloud, or as an accelerator to kick-start your own solution, HydraX is built to be highly-available and supportable.

Trading features are fully customisable to give an edge and out-innovate the competition.

Adaptive has a track record of delivering mission critical technical solutions for capital markets. Our HydraX matching engine is developed to withstand all market conditions, critical in volatile times.

Fault-tolerant cluster for stateful event-driven applications

Very high throughput and very low latency

Replication to secondary site for disaster recovery

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> 100K

Transactions per second

HydraX copes with high volumes and volatile market conditions.

24/7

Market operation

Control the marketplace intraday by adding products, changing configuration.

API

To control your data

Management and Event APIs allow seamless configuration and integration.

< 40

Microsecond response time

To receive an order, process it and respond to the client.

8

Platforms delivered in 2019

The infrastructure of HydraX continues to bring platforms rapidly to market.

3

Minutes Cloud deployment

Production grade and highly secure in the Cloud.

Key features

Matching Engine

  • All-to-all matching with open (continuous), closed & auction modes.
  • Post-only orders.
  • Limit, stop limit and OCO orders with various time in force support (IOC, FOK, GTD, GTS, GFD, GTC).
  • Block (off-exchange) trades.

Risk and Trade Management

  • Fully funded risk model for spot and futures.
  • Leveraged trading.
  • Dynamic price band limits.
  • Static minimum and maximum price banding.
  • Fat finger limits.
  • Intraday and EoD risk reporting.

FIX Order Management

  • Full session and order management capability.
  • Order routing on behalf of (OBO).

Market Operation Administration

  • Market management and configuration via API and admin user interface.

Reporting

  • Drop copy with streaming subscription capability.
  • Audit trails of internal and external user actions.
  • History service provides a system of record and transaction ledger.

Trading User Interface & API

  • Feature parity across UI and API to perform all order related functions.
  • Modern user interface with mobile friend responsive design.

Interfaces for integration

  • Clearing & Settlement.
  • Market Surveillance.
  • Funds Management.
  • Authentication.
  • Reference Data Management.
  • Events & Transactions.

Want to learn more?

We would love to discuss further and arrange a demonstration for you.

Let's talk

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