Trading platform architecture has to respond to demands for speed, volume, and efficiency. There are also regulatory requirements that demand guarantees of the best execution for clients. Therefore, platform availability, reliability, and transaction execution speed are critical for trading actors (firms, individuals, or institutions).
In a basic trading process, a trader requests a trade through multiple interfaces (web or mobile). These requests are handled by front-office applications and sent to exchange markets for execution in a decentralized way.
The smart contract order book performs the various activities of matching, booking, and settling orders. It allows users to store a decentralized order book on the blockchain without the system being processed by a centralized server.
Tozex is designed to use smart contract capabilities to manage all the bid and ask orders executed directly by traders. All orders are encrypted and signed with digital signatures using Multisignature — signature by the user and the other by the platform. Even in the case of front-office downtime, users still can cancel their open orders and not make new orders to prevent any external manipulation. Every open order made by users or the liquidity reserve will be easily identified within the smart contract order book.
The complete trade cycle on the platform has been designed with end-to-end security measures and improved auditing processes. Tozex provides a unique, compliant platform with financial and security standards regarding transparency and audibility.
The security system operates on state-of-the-art digital infrastructure. It has a multi-cluster system architecture functioning on a multi-tier platform that provides high-end security to every single transaction made at the exchange.
Our hybrid platform is mainly based on blockchain technology elements to protect the interests of our users. The architecture uses Multisignature, smart contracts, and distributed ledgers to provide an online, decentralized platform as much as possible.
French architecture in the blockchain field has something great to offer!
Explore the comfort of trade at https://tozex.io/!
