Trade on Rulematch using Axon Trade FIX API

Trading

The trading session offers a rich set of commands for building a reliable trading application, strategy, or platform. You can open, cancel, or modify orders, request open orders, balances, and positions, and receive notifications in real-time about trading-related events.

List of supported FIX commands on Rulematch:

NewOrderSingle

OrderCancelRequest

OrderCancelReplaceRequest

RequestForPositions

MassOrderStatusRequest

TradingSessionStatus

Market Data

Axon Trade also provides real-time normalized market data from Rulematch in FIX 4.4 format. The data contains full book updates (L2) + trades and is presented as a full book snapshot followed by a series of incremental updates.

Rulematch is a premier digital asset trading venue purpose-built for financial institutions, operating from Zurich, Switzerland, and powered by Nasdaq technology. Designed to adhere to the highest regulatory and security standards, Rulematch offers a robust platform for spot trading cryptocurrencies, currently supporting BTC/USD and ETH/USD pairs. By ensuring strict compliance with OECD and FATF standards, Rulematch provides financial institutions with a secure and transparent environment tailored for institutional-grade trading.

Renowned for its ultra-low latency, Rulematch executes trades with a median latency of under 30 microseconds, making it one of the fastest cryptocurrency trading venues worldwide. Participation on the platform is open exclusively to supervised financial institutions from Switzerland and equivalently regulated jurisdictions, ensuring a high level of counterparty quality and compliance.

Key Features of Rulematch

1. Stringent Compliance and Security

   • AML/CFT Compliance: Rulematch implements rigorous anti-money laundering (AML) and counter-financing of terrorism (CFT) measures, encompassing comprehensive due diligence, real-time monitoring, and blockchain screening to protect participants from financial crime risks.

   • Fund Segregation and Security: Rulematch ensures the secure management of participant funds. Fiat assets are held in segregated accounts at an AA-rated Swiss bank, while digital assets are stored in blockchain wallets safeguarded by IBM Cloud Hyper Protect Crypto Services, ensuring enhanced data and asset protection.

2. Advanced Trading Infrastructure

   • Central Limit Order Book (CLOB) Model: Rulematch operates on a Central Limit Order Book, where orders are matched based on price-time priority, promoting fair and transparent execution for all participants.

   • Diverse Order Types and Trading Sessions: Rulematch supports various order types—including Limit, Market, and Market-to-Limit orders—paired with time-in-force conditions to cater to diverse trading strategies. Daily trading sessions feature opening and closing auctions, ensuring concentrated liquidity and efficient price discovery.

   • Ultra-Low Latency: With a latency of under 30 microseconds and a capacity exceeding 1,000 orders per second, Rulematch offers a high-speed trading environment optimized for high-frequency trading and institutional needs.

3. Flexible Account Management and Permissioning

   • House and Client Segregation Accounts: Participants can manage proprietary or client accounts with the flexibility to establish segregated accounts for institutional clients, ensuring compliance and tailored asset management.

   • Granular Permissioning: Rulematch enables participants to assign specific permissions for user roles—covering areas such as treasury, compliance, and trading—ensuring security and operational flexibility aligned with internal governance requirements.

4. Comprehensive Connectivity Options

   • FIX/ITCH/OUCH Protocol Support: Rulematch supports standard industry connectivity protocols, allowing seamless integration with participants’ existing systems and providing options for ultra-fast execution.

   • Flexible Access Points: Traders can access the platform via a browser-based interface or through direct connections using VPN/TLS, AWS PrivateLink, or cross-connects at data centers in Zurich, facilitating both ease of access and reliable connectivity.

5. Institutional-Grade Services and Reporting

   • Dedicated Institutional Support: Rulematch provides round-the-clock support with a dedicated operations team based in Zurich, offering participants a high level of service for trading and operational needs.

   • Detailed Reporting: Participants can easily access comprehensive trade and account management reports within the Rulematch system interface, supporting transparency and detailed operational insights.

Trading on Rulematch with Axon Trade

Axon Trade elevates the Rulematch experience by providing institutional traders with high-performance tools and seamless integration capabilities. Through Axon Trade’s FIX API, participants gain streamlined access to Rulematch’s markets, enabling fast and reliable order execution tailored for large-scale or complex trading activities. This is particularly beneficial for institutional clients who require advanced market insights and sophisticated order management.

By leveraging Axon Trade’s real-time, normalized market data, Rulematch users benefit from accurate and timely information, empowering them to make informed trading decisions. Axon Trade’s tools facilitate robust portfolio and position management, allowing traders to efficiently manage their trading operations on Rulematch.

Together, Rulematch and Axon Trade deliver a powerful and compliant trading environment that combines the regulatory assurance and technological excellence demanded by institutional clients with the advanced functionalities required for high-performance trading.