Chronicle Releases Matching Engine
Posted by Colin Lambert. Last updated: March 6, 2022
Fintech Chronicle Software has released Chronicle Matching Engine, a product it says is asset-agnostic offering order matching, validation and risk checking capabilities across multiple order types.
As a modular offering, the firm says clients can adopt all or part of the solution, including bespoke pre-order matching rules such as minimum execution quantity and self-match prevention. It is a Java-based design than runs on commodity hardware and can be deployed at on premise data centres or any cloud environment, and supports multiple and extensive libraries, and new matching engines can be added in real-time as they are needed.
“[This is] a new generation of matching engine technology that is equally interoperable with existing infrastructure and products,” says Peter Lawrey, CEO of Chronicle Software. “Our clients repeatedly ask us for high-performance solutions that are transferable across multiple assets, including the more esoteric assets like crypto and carbon. We’ve also had substantial demand from crypto exchanges looking to build or upgrade their existing infrastructure with an institutionally robust solution. The Chronicle Matching Engine delivers a low latency exchange backbone, including provision of the source code, to optimise the investment firm’s ability to rapidly ‘buy and build’ a solution that can be tailored to their exact requirements.”