Trading platform architecture has to respond to demands for speed, volume and efficiency. There are regulatory requirements also, which demand guarantee of best execution for client.
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In a basic trading process, a trader requests to trade through multiple interface (web or mobile). These requests are handled by front office applications and sent to exchange markets for execution in a decentralized way.
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The smart contract order book performs various activities of matching, booking and settlements of orders. It allows having a decentralized orderbook stored on Blockchain without necessity for the system to be processed by a centralized server.
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Tozex is designed to use smart contract capabilities to manage all the bids & asks orders executed directly by traders. Indeed, all orders are encrypted and signed through digital signature using Multisignature, one signature will be provided by the user and the other one by the platform itself. Even in the case of a front office downtime, users still have the ability only to cancel their open orders and not to 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.
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The complete trade cycle on the platform has been designed with end-to-end security measures and improved auditing processes. Tozex will provide a unique compliant platform with financial and security standards regarding transparency and auditability.
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The security system operates on a state-of-the-art digital infrastructure. It has a multi-cluster system architecture that functions on a multi-tier platform that provides high-end security to every single transaction made at the exchange.
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Our hybrid platform is mainly based on Blockchain technology elements to protect the interests of our users. The architecture is using multisignature, smart contract and distributed ledger to provide as much as possible an online decentralized platform.
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See more at https://tozex.io
