Matching Engine
Create custom price streams, dark pools, order matching and hedging rules to maximise profitability out of your flow.
Request a demoAbout the Product
The Your Bourse Matching Engine allows brokers to effectively manage their order flow, pricing and hedging strategies across different customer groups. All settings are configured via API or a user-friendly web-based portal, whilst all changes and rules are applied in real-time.
Product Features
Ultra low latency
Cross connections to liquidity, market data, tech, and risk management providers
Smart Order Routing
Multiple liquidity pools per symbol, advanced A/B Book routing, dynamic routing based on margin utilisation with each liquidity provider
APIs
Market Data, Orders and Post Trade, high-performing and open-source.
Advanced Order Types
Limit, Market, Stop Limit, Stop Loss and OCO (One-Cancels-the-Other) orders. FOK (Fill or Kill), IOC (Immediate or Cancel), GTC (Good Till Canceled), GTD (Good Till Date) and Valid For Milliseconds expiry types.
How it Works
Step #1
Choose a Data Center
Select a Matching Engine location in any Equinix data center worldwide, aligned with your liquidity provider's location. Your Bourse offers fiber cross connections to liquidity, market data, tech, and risk management providers. Your Bourse includes hosting for the Matching Engine at no additional cost, regardless of the load.
Step #2
Setup Matching and Aggregation Rules
Select the matching type that best fits your business model and asset classes. Enable orders to be matched among makers and takers, takers and takers as well as makers and makers (e.g. spot crypto market makers).
Step #3
Create Unlimited Custom Liquidity Pools
Create unlimited Liquidity Pools and setup symbol mapping as well as the custom price, volume multipliers, steps and advanced aggregation rules for maker/taker type setup. Customise the symbol session and apply configurable session rules to the different liquidity pool profiles. Setup custom spike filters and quote throttling as well as dynamically select and change makers and takers (groups, accounts, FIX takers etc) who participate in the liquidity pool, as well as the dark pools.
Step #4
Configure Order Execution & Routing Rules
Apply advanced configuration to individual liquidity pools, including unlimited market depth layers and flexible mark-up and spread profiles. Use liquidity regeneration algorithms, speed bumps and safety breaks and risk warehousing features to order flow and profitability. Intellectually hedge positions with different expiry types: FOK (Fill or Kill), IOC (Immediate or Cancel), GTC (Good Till Canceled), GTD (Good Till Date), and Valid For Milliseconds and order types: limit, market, stop, stop limit, OCO, if-done, if-done OCO, iceberg, and hidden orders and convert from one order type to another when needed.
Step #5
Auto Configure the Settings based on the Real-time Data
Export real-time data into multiple databases (PostgreSQL and Clickhouse). Automatically adjust the settings of the Matching Engine via the Your Bourse open APIs to seamlessly streamline the configurations back to the Matching Engine, empowering you to auto-configure your execution parameters on the fly and in real-time.
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