MACHEX is a multi-market online automated trading system for exchanges.
MACHEX supports multiple types of instruments. It has an exhaustive Risk Management and Online Surveillance features. It also has an elaborate Contract Management System.
MACHEX Order Management & Matching
Continuous Price Time Priority matching
Multithreaded
Asynchronous database writing with recovery
Price Conditions : Limit / Market
Quantity Conditions : Disclosed Quantity
Time Conditions : IOC, Good Till Day, Good Till Date, Good Till Cancel
Regular and Stop Loss (Limit if triggered as well as Market if triggered).
MACHEX Risk Management
Define CM level margin and MTM limits
CM can define TM level margin and MTM limits
Single order value limits at contract / member level
Dynamic single order value limit as a function of margin limit utilization
Span as well as VAR based margining
Member put in square off mode automatically upon violation