Features
Plxtra’s Foundry registry provides an authoritative source of books and records for the issuance, trading and management of digital and traditional assets. It also integrates with upstream registries, banks and clearing houses.
Order management manages the life cycle of all orders and tracks holdings and balances. It provides real time tracking of order, holdings and balances at account and user levels. User’s can be linked to any number of accounts, including at advisor and broker level.
Everyone needs data for trading. Plxtra’s Zenith architecture efficiently delivers data via API Services and can easily scale to meet any demand. Zenith’s plugin design easily allows new data sources (eg. exchanges) to be added.
API capabilities open up large opportunities for order flow from partners and other third parties. They also stimulate innovation in the exchange ecosystem. Plxtra’s extensive range of APIs allow all types of software applications to integrate: data, trading, CRM and workflow.
Vetting of orders is critical to protect brokers and users from the consequences of bad orders. The scripting language used in Plxtra vetting is both simple enough to be easily configured but also flexible enough to cover brokers’ and exchanges’ many vetting scenarios.
Foundry can settle trades. It will transfer stock and cash between accounts to effect settlement, issue contract notes and synchronise with upstream registries/banks. Alternatively, trade feeds can be generated to integrate with third party settlement systems.
Motif is a professional trading terminal that meets the needs of advisors and serious traders. It also can be enhanced with custom extensions. Extensions can either be developed by users/third parties or installed from an extension library.
One of the most popular tools used when trading is Microsoft Excel. Plxtra’s MotifXL transforms Excel into a powerful trading tool. Capabilities include: streaming real time data into cells, placing and amending trades, querying data sets, viewing depth.
The rules for a market are implemented in a Prodigy plugin. To change the rules, only the plugin needs to be modified - not the whole matching engine. Adding a new market or board, only requires a new plugin to be created. Market development has become a lot easier and faster.
Plxtra has a plug in architecture that allows exchanges to be easily added to the system. Support for new exchanges and other data or trading sources can usually be added in a couple of months.
Plxtra is designed to integrate with your identity provider. This facilitates Single Sign On (SSO). Your users can access their accounts in Plxtra with the same credentials they use to log onto your other services and easily transition between them.
Once users are logged in, it is important to manage what they are accessing. Is access authorised? Are they exceeding quotas? What royalties do they owe? Session management tracks and limits usage to protect systems. In the future it will also generate usage reports for calculating royalties.
Plxtra provides APIs which enable it to be seamlessly integrated into your administration systems (CRM, listing manager etc).
When problems occur, you want to know about them before your customers. Plxtra server software has built-in in SNMP sensors. Monitoring systems can be easily set up to monitor software and hardware health and immediately generate alerts.
Reliability is critical for maintaining exchange confidence. Traders, advisers and investors expect it. Regulatory authorities demand it. Plxtra has been designed from ground up to achieve high levels of up-time.
Ensuring that exchange infrastructure can scale to handle growth is a critical element of reliability. It always needs the capacity to handle peak loads. Plxtra can be configured to handle almost any load by allocating the required number of computing resources.
Plxtra can be installed at physical hosting site or in your cloud hosting site. Cloud hosting has the advantage of being easily scaled and requiring less in-house skills.
Plxtra operating costs are low - both in terms of personnel and infrastructure. It has been designed to run with minimal operator interactions. A redundant installation can be deployed on several low to mid powered Linux servers. Open source infrastructure (such as databases) is used wherever possible.