RULEMATCH: Accelerating digital asset trading
RULEMATCH is one of the first digital asset trading venues built specifically developed for financial institutions. The foundation of the RULEMATCH venue is based Nasdaq trading and market surveillance technology. The trading venue focuses exclusively on spot trading of Bitcoin (BTC) and Ethereum (ETH) against US dollars (USD). RULEMATCH offers multilateral clearing and T+1 settlement, which contributes to more capital-efficient trading for financial institutions. The trading venue is located in Zurich, in the heart of Europe, and is exclusively accessible to banks and investment firms.
In 2022, RULEMATCH chose Ergon as a partner for the technical implementation of its platform. From requirements engineering to business processes, from enterprise architecture to technical infrastructure, from UX design to large-scale testing: Ergon’s team of 15 talents took on an all-round role for RULEMATCH and did what other suppliers could not. Ergon’s specialists also helped to set up the server and network infrastructure. The RULEMATCH core system, with integrations to the external software and services of Nasdaq and Metaco, was developed by Ergon.
Projects
As one of the first interbank trading platforms exclusively geared towards institutional customers, RULEMATCH fills an important gap in the market when it comes to digital assets and cryptocurrencies. A completely institutional trading platform places extremely high demands on technology and therefore also infrastructure. Ergon supported the company right from when the idea was conceived through to the go-live in December 2023.
Success
The technology is crucial to the success of the company, as setting up this type of platform is extremely complex and the requirements regarding security and availability are extremely high. As an early technology and development partner, Ergon provided proactive support to the company in all matters.
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RULEMATCH addresses the specific needs of banks and investment firms in the crypto world with its platform. The trading platform meets stringent requirements in terms of security and availability. The platform’s high security and availability are key to its success.
Success
As an early technology and development partner, Ergon has built a secure platform for RULEMATCH that efficiently combines the strengths of the cloud and its own data centres.