Exberry to deliver matching engine technology to London Derivatives Exchange

By Megha Bhattacharya

Exchange technology provider Exberry announced today that it has been selected by London Derivatives Exchange (LDX) in a bid to provide matching engine technology and enable LDX to launch global markets and cover a broader part of asset classes. Exberry claims that its infrastructure overcomes the limitations of the current exchange technology and offers a platform that helps any asset class launch markets, pivot, and scale.

James Davies, Director of LDX, said, “Exberry has emerged as the exchange platform provider, and its exchange matching engine is an important addition to our technology suite to drive our strategy to transform the investment model. We were immediately impressed by Exberry’s modern architecture, the ability to add new asset classes in a timely and cost-efficient way, and their client engagement model. It means that we can utilise our trading engine to support new initiatives globally, rather than being constrained by our technology and limited in what we desire to achieve.”

LDX will use Exberry’s platform for providing technology to an array of asset classes, including new security tokens, to traditional assets such as commodities or derivatives. The company delivers an exchange matching engine that follows a “Matching Engine-as-a-Service” concept, allowing LDX and its clients to reap the full benefits of an exchange-grade solution that can be cloud-based or on-premise. The flexible modular structure will enable Exberry’s clients to start rolling out a new exchange location within a number of weeks.

Erez Zada, CEO of Exberry, commented, “We are very excited to have established this partnership with LDX and to bring our innovative solution and technology to the market. We are convinced we are going to help our clients take full advantage of advances in the exchange world.”

Recently, Exberry announced the launch of a multi-asset class exchange infrastructure with an aim to facilitate the launch and scale of alternative and digital asset exchanges.