Exberry launches multi-asset class exchange infrastructure

Source: IBS Intelligence 2020-06-24

Market exchange platform, Exberry announced the launch of a multi-asset class exchange infrastructure today with an aim to facilitate the launch and scale of alternative and digital asset exchanges. The infrastructure has been developed to deliver a combination of exchange and secondary market trading technology and expertise. It is also expected to provide exchange capabilities to every asset class and capital markets.

The company also offers a core matching engine that is capable of integrating into new and existing ecosystems through APIs and easy to access sandboxes. The solution is delivered as a “Matching Engine-as-a-Service” concept, thus allowing clients to reap the full benefits of a cloud-based or on-premise solution. Exberry is part of OM2 Group, the global technology firm that builds Fintech companies with entrepreneurs and partners.

Erez Zada, CEO of OM2, said, “The exchange world is in a state of flux, and is moving away from rigid structures and definitions of what can and cannot be traded. Existing players are waking up to the fact that they need a lighter, scalable infrastructure without compromising risk, performance and security. New entrants are looking for a credible alternative which will bring them to market faster. We set up Exberry to help exchanges and other marketplaces free themselves from the limitations of legacy technology and take advantage of new possibilities and seize the potential of new asset classes. Magnus’ experience in growing exchanges and technology firms will be invaluable to our leadership team as we navigate the opportunities ahead of us.”

The company has also announced the appointment of Magnus Almqvist as Head of Exchange Development. The new hire will be responsible for accelerating the development and growth of the company and will report to Erez Zada, CEO of OM2. Magnus Almqvist, Head of Exchange Development, said, “…What really excites me about Exberry is the ability to scale and support clients of every size and asset class; entrepreneurs have some great ideas, they want to start with something small, test it in the market and grow. At Exberry, we can scale down to support emerging micro markets and readily scale up to help national stock exchanges.”

Exberry

OM2

Exberry launches multi-asset class exchange infrastructure

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