Alternative Derivatives Exchange was designed and built from the ground up by financial industry practitioners; founded by a team of High-Frequency Traders and headed by ex-LCH CEO, ADE combines longstanding Clearing Side experience with the latest technology in order management and matching.
As such, ADE's stack is several generations ahead of all of its competitors. Traditional exchanges rely on systems that are typically close to 10 years old while challengers lack the required expertise to deploy anything that has the required functionality. Our solutions are faster, more scalable, and more resilient than any utilised or offered by exiting derivatives venues yet regulatory compliant, unlike most challenger technology.
First-In-First-Out: the default matching algorithm, matching on a Price/Time priority basis.
SLP/FIFO: an alternative FIFO variation that protects Liquidity Providers or puts priority on non-liquidity provider order matching, User Type/Price/Time Priority
Pro-Rata/FIFO variants: customisable pro-rata algorithm with the residual volume matched via FIFO.
ADE's high-performance matching engine (CROM) is capable of matching in excess of 1 million orders. The typical internal order matching latency of 2 microseconds including Database commits assures easy scalability and HFT readiness. (please note, performance is hardware dependant)
Dynamically deployable order gateways mean easier 24/7 operability with no need for downtime as well as an easy expansion of user capacity. Order gateways may also be dynamically deployed in AWS for cloud-based solutions.
Calendar spreads and strategies are broken down into outright contracts. All contracts are further broken down into individual assets and risk is netted at the asset/expiry level. Furthermore, the system supports all complex order types (FAK, FOK, Iceberg, Stop, Stop Limit, discretionary limit, etc). Self-Match prevention comes as a requirement with full granularity for each order (cancel: taker/maker/both).
ADE Employs only real-time API's geared towards institutional investors and HFT capable firms.
Our API's include:
JSON:The most feature-rich API, used by the Web-Based Trading GUI.
FIX:Industry-standard to assure easy portability and integration.
Mini FIX:A stripped out version of FIX, for those familiar with FIX but looking for lower latency.
Binary (native):Lowest latency suggested availability for Collocation users only.
ADE has worked on a range of asset tokenisation projects relying on a broad range of underlying Smart Contract blockchain technology including Ethereum, Tezos, Eos, Stellar. We are agnostic to the underlying asset being tokenised or the blockchain platform that is to be used in the process. Projects include tokenised equity, commodity, property, bonds, Art, and many more.
Asset tokenisation allows for easy portability of ownership while maintaining a high level of security, transparency, and trust.
Alternative Derivatives Exchange is a venue built from the ground up with the intention of listing illiquid, alternative assets.
As such, its Risk systems have been built to be able to handle high volatility and concentrated ownership of assets.
A React, web-based trading interface featuring an extremely high level of customization
A react, web-based Admin interface featuring extremely high levels of control.
specific actions, fully custom user IDs, custom privilege groups, single custom ID access for all post-trade systems, and many more.
A separate web-based interface that allows users to view live orders, live trading, and lookup any trade or order history. Furthermore, the reporting interface allows for custom report generation, report scheduling, and custom data exports as CSV or XLSX.
NetMon is a unique custom-built interface that allows live network monitoring with full connection/user granularity. Furthermore, NetMon allows exchange staff to supervise hardware in real-time as well as deploy Matching Engines, Order Gateways, and various other components in runtime. All data can be Charted in real-time and custom alerts can be created based on Order-to-Trade ratios, mass disconnects, Minimum Quote Life breaches, and various other metrics.
A unique interface that tracks nefarious market activity. Our compliance tool processes live market data through a range of pre-programmed scenarios and in tandem with the NetMon component is used for identifying patterns of abusive market behaviour including layering/spoofing, Fix manipulation, front running, distortion, momentum ignition, ramping, etc. Not all of the identified behaviour will individually imply market abuse but when part of a broader user conduct it is held as evidence of nefarious activity and may lead to fines, suspensions, expulsions, or in the most extreme cases, legal action.
Trade
Clearing
Connectivity
Live Trading
Technology
Alternative Derivatives Exchange is the first alternative assets futures exchange and the first venue to list deliverable cryptocurrency futures.
Further information on exchange's operational procedures and rules can be found in the ADE Rulebook and associated documents.