The Trading Engine
Every Exchanges Trust
Hashcodex provides Trading Engine with sub microsecond order matching, live order books, multi asset execution, risk management, and a complete API layer, so clients can focus on their products while we handle the core infrastructure, with full source ownership included.
A Real Time View of The Engine In Action
We offer a live interface where operators can see the order book, trade feed, and execution status in real time, all within a single unified view.
Everything Your Engine Needs for Consistent
Performance Without Add Ons
We provide a focused execution layer that delivers exactly what your engine needs for consistent performance while you retain full control over everything else without unnecessary add ons.
Low Latency Matching
Lock-free queues and zero copy I/O keep matching latency under 40 microseconds end to end with no garbage collection pauses and no stop the world events.
Live Order Book Engine
In-memory order books with real-time depth aggregation where bid ask deltas are broadcast as they happen without polling or default snapshots.
Pre-Trade Risk Control
Position limits, margin checks, and wash trade detection run in the critical path before any order reaches the book, ensuring risk is handled as a core part of execution rather than an afterthought.
Multi Asset Execution
Spot, perpetuals, options, and structured products all run through the same matching core with isolated order books for each instrument.
Market Data Distribution
Level 2 order book snapshots, trade ticks, and market depth are pushed to subscribers in real time via WebSocket and multicast with sub millisecond latency.
Full API Surface
FIX 4.2 and 5.0, WebSocket, REST, gRPC, and SBE binary encoding cover every integration pattern a modern exchange needs out of the box.
Your exchange deserves an engine Built for long term stability.
Talk directly with our technical team. We walk through the architecture, answer every technical question, and clearly tell you if this is the right fit.
Built for Microsecond Precision. Confidence at scale.
Sub microsecond Order Matching
The matching core is written in C++ with zero dynamic allocation in the hot path. Lock free queues and CPU pinning remove operating system jitter across all order types.
We benchmark on bare metal under sustained load rather than cherry picked single threaded tests. The 850 nanosecond figure reflects the production median at 4 million orders per second.
12 million orders per second, sustained
Horizontal scaling with additional matching nodes ensures no downtime and no state loss. Production deployments operate well below tested capacity thresholds.
Volume spikes are handled by the burst buffer without affecting tail latency. Every go-live is tested at three times the expected peak load.
REST · WebSocket · FIX
All events on the matching bus can be published to your data layer. Full order lifecycle events, trade confirmations, and book snapshots are available across all three protocols.
Support for FIX 4.4 and 5.0 allows institutional clients to connect from day one with no custom adapters required.
Pre-Trade Risk Enforcement
Pre-trade checks run synchronously within the matching path. Any order that violates a risk limit is rejected before it reaches the order book, not after.
Configurable by account tier, including position limits, net exposure, margin ratios, daily loss caps, and instrument-level circuit breakers. All settings are adjustable without a restart.
Production numbers.
Not benchmarks.
The Right Engine for Every Trading Platform
Our team has built trading engine solutions across a wide range of financial markets, from high volume crypto exchanges to regulated institutional stock platforms.
Launch a Spot or Derivatives Exchange
Multi-asset order books, custody-agnostic settlement, and a white-label API layer. Go live in six to ten weeks with full source ownership from day one.
Power a Retail Trading App
Route retail order flow through a deterministic matching core with pre-trade risk controls that fire before any fill. Best-in-class execution for end users.
Dark Pools and ECN Infrastructure
FIX 4.4 and 5.0 support from day one, with co-location and custom matching algorithm capabilities. The engine serves as the foundation for your order flow, operating seamlessly behind the scenes.
Internal Matching Infrastructure
Eliminate exchange latency by running your own matching layer. Achieve sub-microsecond execution across all strategy types, with a complete audit trail and built-in compliance features.
Compliant Multi-Asset Venues
Includes a full audit log, immutable trade ledger, and reporting hooks ready for MiFID II and Reg NMS. The compliance layer is integrated, not added on later.
Purpose-Built for Your Architecture
Every deployment begins with your specific requirements. Implement custom matching algorithms, bespoke risk models, and a technology stack tailored to fit your existing infrastructure perfectly.
The Stack Behind the Engine
Chosen for performance and operational maturity, with every component proven under production conditions. No novelty is included for its own sake.
Simple Plans with
Exceptional Performance
Select the plan that matches your trading volume. There are no hidden fees or long-term commitments, and you can cancel at any time.
Launch
For early-stage exchanges and platforms proving product-market fit.
- ✓ Up to 500K orders per day throughput
- ✓ REST and WebSocket API access
- ✓ 5 trading pairs or instruments
- ✓ Standard risk controls
- ✓ 99.9% uptime SLA
- ✓ Email support (48h response time)
Best for: Startups testing liquidity, new exchange pilots, or building a proof of concept before scaling.
Scale
For scaling exchanges with real trading volume and professional requirements.
- ✓ Up to 5M orders per day throughput
- ✓ REST, WebSocket and FIX 4.4 access
- ✓ Unlimited trading pairs
- ✓ Advanced risk engine with circuit breakers
- ✓ 99.99% uptime SLA
- ✓ Kafka or Aeron market data feed
- ✓ Priority support (4 hour response time)
Best for: Established exchanges handling real user volume, brokerage platforms, and teams that need production grade infrastructure.
Institutional
For institutional venues, regulated markets, and high-frequency environments.
- ✓ Unlimited orders 12M+ per second throughput
- ✓ FIX 4.4, FIX 5.0 and full FIX gateway
- ✓ Co location and bare metal support
- ✓ Full source code access and build system
- ✓ 99.999% uptime SLA
- ✓ MiFID II and Reg NMS compliance hooks
- ✓ Dedicated engineer with 1 hour SLA
Best for: Dark pools, ECNs, regulated venues, proprietary trading desks, and any operation where sub microsecond latency is a business requirement.
A complete trading engine, Delivered.
For teams that want full ownership alongside flexible deployment options, Hashcodex delivers the entire trading infrastructure as a one time product engagement. It also supports SaaS based models, giving you the freedom to choose the approach that best fits your needs.
This is a fixed scope product delivery you receive production ready infrastructure that is yours to own host and extend without ongoing license dependencies
Enquire About Product Access →-
Core Matching Engine C++ lock-free matching core with LMAX Disruptor queue, configurable order types, and deterministic execution.
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REST & WebSocket API Full order management API with live streaming market data, built-in FIX adapter included.
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Risk & Compliance Layer Pre-trade and post-trade risk controls, position limits, circuit breakers, and immutable audit trail.
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Deployment & Onboarding Docker/Kubernetes setup, Terraform templates, load testing at 3× peak, and go-live support.
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Full Documentation & Source Complete technical docs, build system, and test suite. Yours to own, extend, and modify indefinitely.
NDA on Request
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