Exchange Infrastructure
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ADEX Technology
Technology

Exchange Infrastructure Technology

ADEX Technology provides the infrastructure stack required to operate regulated markets, including trading interfaces, matching engine technology, real-time risk management, clearing technology, settlement technology, market surveillance, reporting APIs and institutional connectivity.

Matching Engine
Institutional infrastructure
Risk Management
Institutional infrastructure
Clearing and Settlement
Institutional infrastructure
Architecture overview

ADEX Technology Stack

ADEX Technology is designed as an integrated market infrastructure stack rather than a set of isolated modules. Trading interfaces, APIs, matching, risk, clearing, settlement, custody integration, reporting and surveillance operate as connected components within the same controlled environment.

This architecture allows regulated market operators to manage the full trade lifecycle, from order entry and execution through to margin, clearing, settlement, reporting and oversight.

Retail and Institutional Stack

Retail-Side Technology Within an Institutional Architecture

ADEX Technology can support retail-facing trading workflows without compromising the deeper institutional architecture required for regulated market infrastructure. Retail functionality such as timed RFQ, copy trading where permitted and configured, LP provision and principal execution can sit above a controlled infrastructure layer for matching, risk, clearing, settlement, surveillance and reporting.

This means a venue can offer accessible trading workflows to retail or professional users while retaining the infrastructure needed for growth into institutional products, derivatives, clearing and settlement.

01

Retail and User-Facing Workflows

WebApp
Timed RFQ
Copy trading where permitted and configured
LP provision
Principal execution
Advanced order types
02

Market Operation Layer

Matching engine
Market data
Risk engine
Participant administration
Surveillance
Reporting API
03

Institutional Post-Trade Layer

Clear Chain
Clear Vault
Custody integration
Banking integration
Registry / CSD-style records
Settlement workflows
View Retail-to-Institutional Path
Definition

What Is Exchange Infrastructure Technology?

Exchange infrastructure technology is the specialised software and operating environment used to run a regulated trading venue. It includes the systems required for participant access, order entry, execution, market data, risk controls, clearing, settlement, custody integration, surveillance, reporting and administration.

For institutional markets, the technology stack must be deterministic, auditable and resilient. It must support the venue rulebook, preserve market integrity, provide reliable records and connect front-office trading activity to post-trade obligations.

ADEX Technology provides this infrastructure as a connected stack for multi-asset market operators.

Deployment models

Technology Use Cases

ADEX Technology can support regulated market infrastructure across multiple deployment models, asset classes and operating structures.

Launching a Regulated Exchange

Technology stack for new trading venues requiring execution, risk, clearing, settlement, reporting and operational controls.

Exchange-as-a-Service

Infrastructure for operators seeking to launch or modernise a venue without building the full technology stack internally.

Digital Asset Markets

Technology for spot and derivatives markets requiring custody integration, wallet-aware workflows, real-time risk and settlement controls.

Futures and Derivatives Markets

Support for margining, variation margin, expiry, deliverable futures, cash settlement, physical settlement and clearing workflows.

Commodity and Carbon Markets

Asset-aware infrastructure for markets where settlement, custody, registries, warehouses or delivery workflows matter.

Market Infrastructure Modernisation

Technology for operators replacing batch processes, fragmented reporting and legacy risk workflows with integrated real-time systems.

Trade lifecycle

Integrated by Design

Modern market infrastructure cannot treat trading, risk, clearing, settlement and reporting as disconnected systems. A fast matching engine is not enough if risk is delayed, clearing is batch-based, settlement is manual or reporting is incomplete.

This structure supports real-time visibility, stronger operational control and clearer regulatory oversight.

01Order entry
02Pre-trade risk
03Matching
04Market data
05Margin and collateral updates
06Clearing
07Settlement
08Reporting and surveillance
API and reporting layer

Programmable Exchange Infrastructure

ADEX Technology exposes institutional connectivity patterns for trading, market data, reporting, administration, custody, banking and settlement workflows.

Interface
FIX API

Institutional order entry, execution reports and trading connectivity.

Interface
JSON API

Application integration for trading, administration and operational workflows.

Interface
Binary API

High-performance protocol support for latency-sensitive participants.

Interface
Market Data API

Streaming and structured access to prices, order book state and trade activity.

Interface
Reporting API

Operational, clearing, settlement and compliance records for authorised users.

Interface
Administrative API

Controlled integration for market operations, reference data and configuration.

Interface
Custodian Integration

Connectivity patterns for asset control, custody status and settlement workflows.

Interface
Banking Integration

Interfaces for cash movements, reconciliation and settlement support.

Interface
Regulatory Reporting Interfaces

Structured evidence, audit records and supervisory reporting support.

Asset class coverage

Technology Across Asset Classes

ADEX Technology is asset-flexible and can support multiple market structures, including spot trading, futures, digital assets, commodities, carbon, climate products, freight, FX, equities, bonds and tokenised real-world assets.

Digital Assets
Futures
Commodities
Carbon
Climate Products
Freight
FX
Equities
Bonds
Hash Rate Markets
Tokenised Real-World Assets
Glossary links

Related glossary terms

Key exchange infrastructure terms referenced in this page.

Evaluate ADEX Technology for Regulated Markets

Speak with ADEX Technology about exchange infrastructure, matching engine technology, real-time risk management, clearing, settlement, trading interfaces and reporting APIs.