OneMarketData, LLC, a leader in tick data management and analytics, announced today that Beaxy, the all-in-one cryptocurrency exchange has exclusively built their matching engine on OneTick, OneMarketData’s flagship high performance analytics and data management platform.
This partnership will allow faster transactions, unique and advanced order types and an overall smoother flow in order books.
Beaxy will now service more than 20 different order types, including limits, stops, trailing orders and order sends order (OSO). The solution works by verifying inbound orders compute fees, ensuring and reserving available funds. Subsequently, the price matching engine determines a course of action for the order as an atomic, recoverable sequence of operations to ultimately fill the order (match), terminate it (cancel) and finally persist as a completed transaction for historical record, all with microsecond latency.
OneMarketData enables Beaxy to provide notable features including advanced order types, several wallets per currency, multiple users on a single account with various levels of permission, tax-ready reports, 24/7 customer support, in-exchange TradingView charting and a Security Token Offering (STO) launch platform.
“We wanted to increase the sophistication level of our analysis and approach. OneTick enabled us to deliver a premiere exchange platform, the likes of which the cryptocurrency market has not yet seen,” said Artak Hamazaspyan, Beaxy’s CEO. “Through this partnership we have created one of the fastest exchanges in the world and look forward to evolving the platform and exploring further opportunities with OneTick.”
“As the trading industry evolves, we are excited to offer a unique matching engine to a cryptocurrency exchange,” said Ross Dubin, SVP Global Head of Sales, OneMarketData. “Beaxy is growing at an exponential rate and we are pleased to be able to offer our support at a pivotal time for the company.”
Contributed | what does this mean?