Modulus is the Fastest Cryptocurrency Exchange and Works with 40 Nanoseconds Latency
Modulus has launched the world’s fastest exchange solution that has 40 nanosecond latency, which enables high frequency trading for cryptocurrencies.
Modulus Ultrafast Cryptocurrency Exchange
Modulus, a US-based company that develops ultra-high-performance trading technology has announced on July the 9th, the launch of a new high frequency exchange solution. It enables exchanges to scale to more than ten million transactions per second and with less than 40 nanosecond latency.
During the last year and the bull run that the crypto market experienced, exchanges were not able to support all the active users, something that created poor services, delayed operations, and trading services halted for hours.
Richard Gardner, CEO of Modulus Global commented on the ultra-high-performance trading platform:
“Accomplishing this was not easy. This required two decades of trial and error, but I believe we have finally set a new world record for exchange matching performance – not only for cryptocurrency exchanges, but also for equities, derivatives, and other exchanges as well.”
This exchange solution features a built-in trade surveillance that is based on machine learning. It uses pre and post-trade data to monitor and prevent market manipulation and money laundering. This is very important nowadays that regulations are expanding and trying to control the activities around virtual currencies.
The service allows exchanges to process transactions with less than 40-nanosecond latency, 100 times faster than NASDAQ.
Additionally, the exchange has been built and specifically designed to support future cryptocurrency regulations. For example, it can help prevent money laundering activities and control market manipulation. The system has been developed using Google's programming language, Go, designed for computationally-intense server applications.
Modulus Global is a company that is providing financial technological products and services since 1997. It worked with professional traders, brokerages, trading firms, and educational institutions in 94 different countries. The services and products developed by the company reached millions of users around the world.
If you are interested about Modulus Global, you can know more about them here: www.modulusglobal.com.