MarketsEquities Exchange Technology
ADEX Technology supports equities exchange technology for order-driven equity markets, including issuer instruments, participant access, matching engine technology, market data, risk controls, settlement workflows, market surveillance and reporting APIs.
Market-specific infrastructure map.
Equity Market Infrastructure
Equity markets require issuer and security setup, participant access, order-driven trading, market data, surveillance, settlement and reporting.
ADEX Technology can support equity market infrastructure and tokenised equity workflows where configured and subject to applicable legal and regulatory structure.
Equities Exchange Technology Market Structure
Order-driven equity markets commonly use central limit order books, auctions and market data publication.
The venue must define issuer instruments, security identifiers, share classes, tick sizes, lot sizes and trading status.
Technology Requirements
Equity infrastructure needs participant access, matching, pre-trade controls, issuer records, settlement records, surveillance and reporting APIs.
Reference data and instrument state are critical for orderly trading and reporting.
Trading and Execution Workflows
Equity trading can use central limit order books, opening and closing auctions, market data feeds and institutional APIs.
Execution records should connect to settlement status, surveillance and reporting.
Risk Controls
Risk controls may include participant permissions, order limits, price collars, market integrity controls and settlement-readiness checks.
Tokenised equities require additional transfer and eligibility controls where configured.
Clearing and Settlement
Trade capture can support clearing or allocation workflows depending on the market model.
Settlement workflows should maintain settlement status, ownership records and reconciliation.
Asset-Specific Integration Requirements
Equity markets may require issuer records, registry, depository, settlement, banking, corporate-action or surveillance integration.
Tokenised equities require token records connected to ownership, custody or registry infrastructure.
Market Surveillance and Reporting
Surveillance should monitor orders, trades, auction behaviour, price movement, participant activity and audit trails.
Reporting APIs should provide market data, trade reports, instrument state and operational records.
API and Market Data
Equity markets may need FIX, JSON, Binary, Market Data, Reporting and Administrative APIs.
APIs should support instrument setup, order entry, market data, surveillance records and settlement reporting.
Technical Specification Summary
| Layer | Infrastructure Requirement | ADEX Technology Output |
|---|---|---|
| Issuer Instrument | Identifier, share class and status | Tradable security |
| Trading | Order book and auctions | Execution records |
| Controls | Pre-trade and market integrity checks | Accepted or constrained orders |
| Settlement | Ownership and settlement status | Settlement record |
| Reporting | Market data and trade reports | Reporting API output |
Institutional Infrastructure Comparison
| Requirement | ADEX Technology Approach | Typical Fragmented Approach |
|---|---|---|
| Issuer Records | Instrument and issuer state in platform | Static external reference files |
| Execution | Order book and auction workflows | Limited execution workflows |
| Surveillance | Order and trade audit trails | Post-event review |
| Settlement | Connected settlement status | Manual reconciliation |
Equities Exchange Technology FAQ
What is equities exchange technology?
It is infrastructure for equity instrument setup, trading, surveillance, settlement and reporting.
What technology is needed for an equity exchange?
An equity exchange needs issuer records, participant access, matching, market data, controls, settlement and reporting APIs.
What is order-driven equity market infrastructure?
It is infrastructure based on order books, auctions, market data and deterministic execution rules.
Why do equity markets need issuer records?
Issuer records define securities, share classes, identifiers, trading status and reference data.
What APIs are needed for equity markets?
Trading, market data, reporting, surveillance, settlement and administration APIs may be required.
How does surveillance apply to equity exchanges?
Surveillance monitors orders, trades, auctions, participant behaviour and audit records.
How are equity trades settled?
Settlement depends on market rules, ownership records, depository or registry workflows and reconciliation.
Can ADEX Technology support tokenised equities?
ADEX Technology can support tokenised equities where configured and subject to applicable legal and regulatory structure.
Explore Related Infrastructure
Discuss Equities Exchange Technology with ADEX Technology
Speak with ADEX Technology about market-specific exchange infrastructure, trading workflows, risk controls, clearing, settlement, surveillance, reporting APIs and implementation requirements.