Connect with us

Stock Market

Modulus Releases Patent-Pending Smart Order Routing System, Making Liquidity Solutions Most Flexible in Industry

Published

on

Stocks - Investors King

This morning, Modulus, a US-based developer of ultra-high-performance trading and surveillance technology that powers global equities, derivatives, and digital asset exchanges, announced that it has integrated Swarm™, its patent-pending smart order routing system, which can be used stand-alone, or with the Modulus Exchange Solution for extended market making capabilities. This combination of innovation has been heralded as the most flexible liquidity solution in the digital exchange industry. 

The revolutionary smart order routing system offers a complete aggregation and reconstruction of a global order book from multiple exchanges and liquidity providers. It also performs dynamic hedging of trades every fraction of a second, while offering plug-in capabilities for custom logic.

“Modulus does not mark up its liquidity solutions. We don’t engage in back-end deals or take kickbacks, either in the form of royalties or commissions, from providers. But, what’s truly revolutionary about this system is that it can be used as a stand-alone system for market making — or it can be used with our exchange solution to offer the most flexible market making system with minimal risk,” said Richard Gardner, CEO of Modulus. “That means that costs are lower and profit opportunities are higher whilst providing far more optimized architecture than anything else on the market, as it can leverage the full potential of the matching engine without any bottlenecks.”

The system is based on a swarm architecture, which runs multiple processes and bots in parallel. In essence, the Swarm™ smart order routing system aggregates a pool of liquidity from various exchanges and liquidity providers utilizing connectivity, such as web sockets, FIX 4.2, 4.4 and 5. The sources of liquidity are aggregated and reconstructed into a macro order-book and then streamed to the target exchange with programmable parameters.

“Like with all Modulus solutions, when liquidity is streamed into an exchange, nearly everything is customizable. From how the book is constructed and order sizes to the depth and width of spread, the solution is designed to fit the needs of the exchange operator. Custom strategies can even be developed when required, using a plugin to run scripts based on C++ or any other programming language,” explained Gardner. “Market makers can implement market making strategies on the source side to provide a more complex way of replicating order book price levels, TWAP , VWAP, and other such variables.”

Modulus is known throughout the financial technology segment as a leader in the development of ultra-high frequency trading systems and blockchain technologies. Over the past twenty years, the company has built technology for the world’s most notable exchanges, with a client list which includes NASA, NASDAQ, Goldman Sachs, Merrill Lynch, JP Morgan Chase, Bank of America, Barclays, Siemens, Shell, Yahoo!, Microsoft, Cornell University, and the University of Chicago.

“It is important to note that this solution is best suited to latency exchange models with order books, working at a refresh rate speed of 100 milliseconds — which can be halved if the system is hosted on the same server as the matching engine. That’s why many use it in conjunction with the Modulus matching engine, but it is also offered as a standalone solution, as well,” noted Gardner.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

Continue Reading
Comments

Nigerian Exchange Limited

NGX Rebounds with N263bn Gain as Small and Mid-Cap Stocks Surge

Published

on

stock - Investors King

The Nigerian Exchange Limited (NGX) recovered on Thursday amid the surge in strong investor demand for small and mid-cap stocks.

The market capitalisation rose by N263 billion to N56.91 trillion.

The All-Share Index climbed by 0.47%, closing at 100,503.21 points, reflecting a solid buying interest across various sectors.

Despite the market’s overall positive performance, trading activity was subdued with a 64.3% decrease in average daily volume to 392.8 million units.

However, the number of deals increased by 3.4% to 9,013, while the traded value declined by 17.3% to N8.33 billion.

Guaranty Trust Holding Company led the volume trades, with 39.75 million shares worth N1.80 billion across 663 deals.

Meanwhile, Airtel Africa dominated in value, with trades worth N2.25 billion in just 34 transactions.

Sector performance was mixed. Gains were recorded in the oil and gas, consumer goods, and industrial goods sectors, rising by 0.19%, 0.07%, and 0.01%, respectively.

Notable stocks included Airtel Africa, Eterna Plc, Oando, and NASCON Allied Industries.

Conversely, the insurance and banking sectors faced losses, declining by 2.35% and 2.28%.

Top gainers of the day were United Capital, Oando, and Africa Prudential, while Linkage Assurance and Veritas Kapital led the decliners.

This rebound highlights investor confidence in Nigeria’s equities market, with opportunities emerging in small and mid-cap stocks.

Continue Reading

Nigerian Exchange Limited

Equities Market Dips 0.04% as Q2 Earnings Hit NGX

Published

on

Stock - Investors King

Nigeria’s equities market experienced a slight decline of 0.04% on Wednesday ahead of the second quarter (Q2) financial results.

At the close of trading on the Nigerian Exchange Limited (NGX), the All Share Index (ASI) fell from the previous day’s high of 100,075.59 points to 100,032.32 points.

Similarly, the equities market capitalization decreased from N56.670 trillion to N56.645 trillion.

Jaiz Bank, Cutix, Zenith Bank, Universal Insurance, and FCMB Group were among the most actively traded stocks.

Investors exchanged 1,099,300,929 shares worth N10.076 billion across 8,720 deals.

Several stocks dominated the sell-side, including RT Briscoe, which fell from 70 kobo to 66 kobo, a 5.71% decrease.

FTN Cocoa dropped by 4.44%, while Tantalizer, Neimeth, and Consolidated Hallmark Holdings also saw declines.

The market’s year-to-date (YtD) positive return decreased to 33.78%. While this month has seen a marginal drop of 0.03%, the week still shows an increase of 0.36%.

The dip reflects investor reactions to the ongoing release of corporate earnings for Q2. As companies disclose their financial results, market participants are adjusting their positions accordingly.

As more Q2 financials are released, market volatility is expected. Investors are closely monitoring earnings reports to guide their investment strategies.

Continue Reading

Nigerian Exchange Limited

Nigeria’s Equities Market Gains 0.11%, Adds N62 Billion in Value

Published

on

stock - Investors King

The Nigerian equities market posted a 0.11 percent gain on Tuesday as increased buy-side actions boosted the market’s value by N62 billion.

This positive movement reflects renewed investor confidence and activity in the market.

Leading the charge were stocks like United Capital, UACN, and Cutix. Investors engaged in 8,151 deals, exchanging 368,392,413 shares worth N7.424 billion.

Among the top advancers, United Capital saw a significant rise from N30 to N33, adding N3 or 10 percent.

Cutix also performed well, climbing from N5.08 to N5.58, an increase of 50 kobo or 9.84 percent.

Sunu Assurances and Cornerstone Insurance were other notable gainers, with Sunu Assurances increasing from N1.29 to N1.39, adding 10 kobo or 7.75 percent, and Cornerstone moving from N1.95 to N2.10, up 15 kobo or 7.69 percent.

UACN also saw a substantial gain, rising from N14.15 to N15.20, an addition of N1.05 or 7.42 percent.

The market’s positive return year-to-date (YtD) now stands at 33.84 percent, with a marginal increase of 0.02 percent for the month. So far this week, the market has grown by 0.41 percent.

Key stocks such as Zenith Bank, Access Holdings, GTCO, Jaiz Bank, and UBA were actively traded, indicating strong investor interest.

At the close of trading on the Nigerian Exchange Limited (NGX), the All Share Index (ASI) and equities Market Capitalisation rose from the previous day’s low of 99,966.28 points and N56.608 trillion to 100,075.59 points and N56.670 trillion, respectively.

This uptick in market activity and value reflects growing optimism among investors, buoyed by positive corporate earnings and macroeconomic indicators.

As Nigeria’s market continues to evolve, stakeholders are hopeful for sustained growth and stability in the coming months.

Continue Reading
Advertisement




Advertisement
Advertisement
Advertisement

Trending