Technologists with real-world experience in electronic trading know that this is not trivial and cannot be accomplished by web entrepreneurs lacking domain expertise.
New York, NY (PRWEB) July 29, 2013
Among the many new start-ups vying to unseat Mt. Gox and BitStamp as the leading digital currency exchanges, the few that ultimately succeed will only do so having demonstrated their ability to build and operate a robust platform that can stand up to exponential transaction growth without service interruption. Technologists with real-world experience in electronic trading know that this is not trivial and cannot be accomplished by web entrepreneurs lacking domain expertise. This article announces the AtlasXchange technology platform and describes its specific technology advantages over the many competing digital currency exchange platforms recently launched by web entrepreneurs.
Consider the robustness of a digital currency exchange - The engine must perform consistently under varying loads without degradation or disruption, 24x7x356. Its architecture must ensure fault tolerance to application and hardware failure. It must have mature exception handling capabilities so it can carry on through unexpected circumstances and operational failures. The AtlasXchange platform is heavily used everyday by a large number of well established clients trading stocks, options, futures and forex. Up-time statistics exceed 99.99%, processing hundreds of millions of orders daily and more that 5 million market data messages per second. All AtlasXchange engine processes are configured with hot-hot fail over with both primary and secondary running in real-time; there is no single point of failure.
Consider the scalability of a digital currency exchange - In the trading technology business, growth in total volumes and sudden activity spikes are a fact of life. The platform must be designed to handle increased throughput as resources (presumably hardware) are added to accommodate load. The platform must have modular design, advanced load-balancing techniques and dynamic memory allocation capabilities - otherwise massive hardware expansion is ultimately needed to scale. Deployed on a single hardware server, the AtlasXchage engine can process billions of messages per day and handle the distribution and routing of data for the entire US stock market with consistent microsecond latency.
Consider the features of a digital currency exchange - The market for digital currency is poised for exponential growth. Institutional traders and investors must ultimately make up a larger proportion of the market. The leading exchange will accommodate these participants with technology. The AtlasXchange software platform offers fix connectivity, APIs in the languages most used by the financial industry (Java, C++, C#, websockets) and advanced algorithmic order types, including midpoint match, discretionary, hidden orders, VWAP, etc... These features are mature and have been widely deployed by clients that trade in traditional securities. The engine is designed to seamlessly integrate complex risk management and compliance rules, which change on a consistent basis. Bitcoin platforms will require these features, as the industry matures and regulatory guidelines codify.
Consider the security of a digital currency exchange - Digital currency exchanges are obvious targets for hackers, who seek to disrupt and/or penetrate systems. AtlasXchange exchange security begins with understanding the proper role of an exchange. Storing bitcoin securely, defending against DDoS attacks and building tools to detect and fend off intruders are all complex problems best solved by experts. Atlas ATS collaborates closely with security vendors and consultants with a depth of expertise and credentials. Exchanges in mature markets (unlike some bitcoin start-ups) do not store money or take physical possession of underlying commodities. Custodian firms bear the responsibility of safeguarding customer funds. A successful hacker may still manipulate or destroy an exchange’s transaction records. But unlike direct theft of client funds, such interference can be detected and corrected with standard reconciliation and backup procedures.
Consider the experience that goes into building a digital currency exchange - Building an exchange platform requires deep domain expertise. Software development skills are necessary but not sufficient. It also takes time. The AtlasXchange platform was built over a four year period, with millions of dollars in invested capital by a tight knit team of developers and product specialists. Their expertise preceding the build-out was marked by a successful track record of building electronic trading exchange platforms - systems which have proven to scale with volume, regulation, introduction of asset classes, shifts in infrastructure practices and trading behaviors.
Atlas is dedicated to providing a secure, state-of-the-art technology exchange platform for transacting digital currency. Atlas is driven to be an industry leader in operating a bitcoin trading venue and providing innovative products and services for the benefit of the global trading community. The company believes that competition from technology-driven markets increases overall market volumes and improves performance, providing benefits to all participants.