TRADE
Through our electronic trading venue, our marketplace brings together buyers and sellers of derivative contracts on Digital Assets. Our electronic platform increases the accessibility and transparency of the Digital Asset markets and enhances trust, speed and quality of trade execution. Additional, products in the product pipeline include Freight, Weather and Hashing futures. Freight and Weather will be launched in partnership with entities that act as brokers in these markets or large participants e.g. shipping companies. The open architecture of our business model — meaning our ability to offer centralized access to trading in futures on a decentralised cleared basis through multiple interfaces — allows our participants to optimize their trading operations and strategies.
At ADE, we will offer market participants price transparency, a full market depth view, liquid markets and transactional integrity all at a fixed low cost.
Browser-Based Trading
ADE WebApp is a browser-based interface that utilises the feature-rich JSON API to communicate with the back-end infrastructure. Accessible via Chrome, Opera, Safari, and Firefox. The ADE WebApp is provided free of charge to all active ADE users.
The WebApp is a feature-rich application, with a high level of customisation that allows users a multitude of ways to interact with the matching engine through complex order types as well as to survey the full market depth, their account balances, and positions in real-time.
API Trading
ADE provides its clients with a multitude of real-time API options to code to.
FIX:
4.2: Industry Standard Connectivity for easy strategy portability and integration
Stripped out Mini FIX: for those familiar with FIX but looking for lower latency.
JSON:
The most feature-rich of the offering but also the most cumbersome.
Utilised by ADE's WebApp and administrative interfaces such as MarMon. Includes account balance tracking and charting data.
BINARY:
The lowest latency “bare-bones” native API. Recommended for collocated market makers and other more sophisticated trading participants.
Products
Digital Asset Futures
At launch, ADE will list Deliverable Digital Asset Futures with a full-term structure including calendar spreads, available in multiple, fungible, contract sizes. Digital Assets available at launch include Bitcoin Cash, Bitcoin, Dash, Ethereum, Litecoin, and Z-Cash against the US dollar (additional Digital Assets and fiat crosses will be made available post-launch). Deliverable indices, comprised of listed assets, will also be available at launch.
Climate Futures
High granularity, cash-settled Climate Futures with a full-term structure including spreads, available in multiple contract sizes. Climate Futures Contracts available at launch will focus on Maritime Freight Ports, Airports as well as major farming, renewable energy production, and tourist hotspots. Hurricane and wildfire indices will also be listed for specific geolocations.
Freight Futures
Initially, cash-settled with the objective to migrate into a deliverable product. Standard Dry Freight Capacity futures between global ports with weekly expiries and a full-term structure. Focussing on Asia- Middle East-Europe at launch and working to include North America and Oceania post-launch. Allows SMEs and Corporates to hedge transport risk.
Additional Products
ADE will introduce a number of additional unique products that will aim at providing SMEs new ways to hedge risk. Furthermore, additional fiat crosses alongside FX futures will be introduced to increase trading opportunities in previously listed products. Finally, ADE's technology stack is highly versatile as such it will be leveraged through the introduction of options contracts on all listed contracts.
FEES
At launch, ADE will operate a simple and flat pricing structure across the board for all contracts. Each trade executed on the platform will incur an execution and clearing fee, while integrated third-party custodians (who hold client funds) may impose costs associated with withdrawals of digital assets and/or other services (as outlined in their respective client agreements).
The extremely competitive fee structure offered by ADE includes a Market Data Fee and a flat trading fee.
All fees charged are in pounds sterling.
Fee Schedule Board:
Fee Policy
All ADE systems and operational procedures are designed and built with active, institutional trading in mind. As such, ADE will operate a simple flat pricing structure across the board for all listed contracts. Execution will start from £0.07 per lot traded (e.g. 1 BTC) while Market Data fees will start from £30 PCM. ADE will aim to keep its charges approximately 25 x cheaper than those of other, comparable venues.
RESOURCES
ADE Support
For firms that have been onboarded by ADE and their respective clearing member, we offer access to the User Acceptance Testing (UAT) environment to test strategies and connectivity. Additionally, ADE is happy to provide API documentation for the integration of client or third-party built trading applications. ADE requires all third-party applications interacting with ADE-operated systems to be certified using the ADE Application Certification Process. This is the case for both Independent Software Vendors (ISVs) looking to market their front end as ADE-compliant and for end-users certifying their internal systems.
Application Programming Interface ADE offers API integration to its clients for accessing all of the available interfaces. For trading integration, ADE offers a choice of Binary, FIX, or JSON real-time API's.
Depending on the desired functionality and client expertise, clients can choose one of the available options. The Binary API offers the lowest latency, JSON the highest amount of functionality - while FIX is the industry standard, assuring easy portability.
UAT Access Request Clients wishing to test the matching engine, risk systems, and their proprietary strategies can request access to ADE's User Application Testing Environment (UAT).
The UAT environment has been up since Feb 2020 and is populated by many algorithmic market-making bots that provide pricing based on real-time prices from the spot/derivatives markets.
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CONTACT US
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.