HashCash Consultants is going to provide advanced matching engine infrastructure to a UAE based cryptocurrency exchange to streamline and enhance the trading activities on the platform benefitting the users.
PALO ALTO, Calif., Aug. 17, 2020 /PRNewswire-PRWeb/ — Globally recognized for its crypto solutions and services, HashCash Consultants is now extending its proficiency to provide advanced matching engine solutions to a UAE based cryptocurrency exchange and digital assets trading platform.
“Matching engine is one of the core components of exchange that drives the overall performance of the trading platform, governing the user’s trading experience on the exchange. Keeping the essential attributes in mind, HashCash has designed a sophisticated and highly advanced matching engine software that exchanges can leverage and integrate to improve performance,” commented Raj Chowdhury, CEO, HashCash Consultants.
Their matching engine software comes with a robust infrastructure and scalable features, that can be easily integrated with an existing system, and upgrade the operations instantly. It augments the performance of exchange and allows the traders to have a seamless experience and get the best crypto prices through connectivity with other major exchanges.
It has advanced features such as superior order matching and distribution of quotes that will be an immense benefit to the UAE exchange. The software enables order matching latency and order processing time of 1 microsecond and 2 microseconds respectively. The high-frequency trading ensures a throughput of 500,000 orders per second.
Use of HashCash crypto matching engine software will allow the UAE exchange to fulfill the following for their users:
1. Enable extensive coverage for the traders as it supports all major asset classes, including all leading digital assets.
2. Offer flexibility through its contributing attributes to digital assets trading
3. Ensured high-performance through an inclusive order-book functionality, supporting multiple order types
4. Offer low door-to-door latency of trade within a secured and resilient ecosystem of crypto trading
5. Ensure the prevention of single-point-of-failure in exchange system through the implementation of advanced algorithms
The incorporation of – HashCash’s crypto matching engine solutions will reduce operational risk for the exchange owing to the presence of a unified operational core powering all applications. The enhanced matching engine will collect and disseminate quotes, order books, along with the market summary, including total trade volume and OHLC prices. The software will also allow pre-order evaluation of risks, external validation with advanced regulations for the same.
- About HashCash Consultants:
HashCash is a global software company offering solutions in Blockchain, AI, Big Data, and IoT through its platforms, products & services. HashCash Blockchain products enable enterprises to move assets across borders in real-time for Remittances, Trade Finance, Payment Processing, and more. HashCash runs US-based digital asset exchange, PayBito & Digital asset payment processor, BillBitcoins. HashCash offers crypto exchange solutions, Payment processor software, ICO services, and customized Blockchain use case development. It propels advancement in technology through Blockchain1o1 programs and its investment arm, Satoshi Angels. HashCash solves the toughest challenges by executing innovative digital transformation strategies for clients around the world.
SOURCE Hashcash Consultants