Platform

The complete exchange stack, from order book to payout.

A central limit order book for binary and multi-outcome contracts, with resolution, clearing, risk, surveillance, back office, apps and APIs. Deployed as your venue, under your brand and your permissions — every component built to stand in front of a regulator.

Deployment shape

Single tenant or shared book
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The stack

Four layers, with the boundary between us and you drawn on each.

Select a layer to see what it contains and what it commits to.

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Reported monthly against your own venue. Contractual remedies attach to the liquidity coverage schedule and to platform uptime, as set out in your agreement.

Inside the venue

The consoles your team and your traders actually use.

Five surfaces from the same deployment. Every number below is simulated, but the layout and fields are as shipped.

Back office · Traders18,204 total Sandbox
All Verified 16,921 Pending review 240 Blocked 1,043 VIP desk 112 Search name, email, ID… Filters Export + Add trader
Filters: Balance > $500 ✕ Active last 30d ✕ Clear all
IDTraderKYCJuris.Balance30d volume ▾Last active
TRD-40977 M. OkaforVIPm.okafor@example.com Verified SG $86,900 $1,214,000 2m ago
TRD-40213 A. Whitfielda.whitfield@example.com Verified UK $12,480 $148,200 14m ago
TRD-41003 K. Weberk.weber@example.org Verified DE $640 $3,100 1h ago
TRD-39876 J. Lamj.lam@example.com Pending HK $2,150 $9,400 3h ago
TRD-40551 R. Nakamurar.nakamura@example.net Verified AU $5,320 $44,700 5h ago
TRD-40108 P. O’Dohertyp.odoherty@example.org Verified IE $1,905 $12,300 1d ago
TRD-39240 L. Fontainel.fontaine@example.net Pending FR $780 $2,050 2d ago
TRD-38112 S. Reyess.reyes@example.com Blocked US $0 12d ago
2 selected · Export · Tag · Suspend 1–8 of 18,204 · 50 per page
Matching engine · PRES-DEM-28 State OPENSandbox
PRES-DEM-28US-RECESSION-28BTC-150K-28EPL-ARS-CHAMP
Msgs / s
4,120
Matches / s
86
Match P50
0.9 ms
Match P99
4.2 ms
Resting depth
$412k
PriceDepthSizeOrders
66¢4,2003 ord
65¢8,4006 ord
64¢11,0009 ord
63¢12,00011 ord
mid 62.5¢ · spread 1¢committed max 2¢ · $10k both sides
62¢12,00012 ord
61¢9,5008 ord
60¢14,20014 ord
59¢6,1005 ord
TIME & SALESpx · size
14:02:11.20462¢1,200Y
14:02:09.88162¢800Y
14:01:58.41261¢2,000N
14:01:44.06762¢450Y
14:01:31.55061¢1,100N
14:01:12.09360¢3,000N
SESSION CONTROLS
Halt market Cancel all Replay from seq…
Cancel-on-disconnect: armed · Self-match prevention: on
Deterministic · replay hash match ✓Seq 8,102,335 · 14:02:11 UTC
Resolution · Work queue Sandbox
In dispute window1
Awaiting source2
Proposed1
Settled · 7d214
Disputed0
Median publish → settle
41 min
Overturned this quarter 0
ContractMarketNamed sourceReadProposedSLAState
EVT-2608-CPICPI above 3.0%, Aug printBLS CPI-U · 08:30 ET3.2%YES06:12:44 leftKLDispute window
Primary BLS CSV → 3.2% · Secondary Reuters → 3.2% · sources agree → auto-proposed YES · 2 dispute tickets, 0 with new evidence · View evidence bundle
EVT-2811-PRESDemocrats win the 2028 electionAP race call · polls closereads 7 Nov 2028Scheduled
EVT-2607-BRRBTC above $80,000 on 31 DecCME CF BRR · 16:00 UTC$81,204.10YESsettled +62 minMOSettled
EVT-2606-EPLArsenal win the Premier LeagueOfficial PL result2nd → NONOsettled +9 minMOSettled
Named source fixed pre-listing · dispute window 24 h · adjudicator named per contract · every action logged to the audit trail
Surveillance · Alert triage Sandbox
Alerts today
23
Open
7
Median review
22 min
Auto-closed benign
61%
TimeAlertRulePatternMarketAccountSeverityState
14:02:41SURV-88231SPOOF-3Cancel-rate spike on one side of the bookPRES-DEM-28TRD-40977HighOpen
14:02:41.113 NEW yes 65¢ × 5,000 · .174 CANCEL · .201 NEW yes 66¢ × 8,000 · .240 CANCEL · fill ratio 0.02 over 40 s → alert · Open sequence replay
13:47:03SURV-88226SELF-1Self-match attempt, blocked at gatewayBTC-150K-28TRD-38112MediumClosed
13:12:58SURV-88219CONC-2Concentration at 82% of position limitUS-RECESSION-28TRD-40213MediumReviewing
11:58:19SURV-88204VEL-1Order velocity, 40 msgs per secondEPL-ARS-CHAMPTRD-41003LowClosed
Every alert carries its order sequence · dispositions export in a regulator-ready format · reviewer actions are themselves logged
PRES-DEM-28Democrats win the 2028 US presidential election? Available $4,210.55 · In orders $186.00 12 ms
Last 62¢ ▲1¢24h notional $2.1mOpen interest 480,20024h range 58–64¢Expires 7 Nov 2028
POLITICS
PRES-DEM-2862¢+1.6%
REP-SEN-2871¢−0.8%
MACRO
US-RECESSION-2841¢+2.5%
NFP-SEP-150K33¢−1.2%
CRYPTO
BTC-150K-2857¢+4.1%
ETH-5K-DEC29¢−2.3%
SPORTS
EPL-ARS-CHAMP24¢+0.9%
NFL-KC-SB18¢0.0%
1H1D1W1MYES price
66¢62¢58¢54¢
Jul 15Jul 29Aug 12
TIME & SALESpx · size
14:02:11.20462¢1,200Y
14:02:09.88162¢800Y
14:01:58.41261¢2,000N
14:01:44.06762¢450Y
14:01:31.55061¢1,100N
BOOKsize · orders
66¢4,2003
65¢8,4006
64¢11,0009
63¢12,00011
mid 62.5¢spread 1¢ · max 2¢
62¢12,00012
61¢9,5008
60¢14,20014
59¢6,1005
Buy Yes Buy No
LIMITMARKET
Price
62¢− +
Contracts
100
Cost$62.00
Fee 0.7%$0.43
Payout if Yes$100.00
Return+61.3%
Buy 100 Yes @ 62¢

Fully collateralised — $62.00 reserved at order. No margin, no liquidation.

Positions 2Open orders 3FillsHistory
MarketSideQtyAvgMarkUnrealised
PRES-DEM-28YES40057¢62¢+$20.00Close ✕
BTC-150K-28NO25055¢57¢+$5.00Close ✕
Connected · WS 12 ms · Gateway HK-1Seq 8,102,335 · 14:02:11 UTC

Colour, radius and type follow tenant configuration — this is the default skin.

Contract types

Binary, multi-outcome and scalar, on the same book.

Multi-outcome markets net across outcomes, so a trader holding every leg posts collateral once rather than per leg. That is the difference between a listable long-tail market and a dead one.

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Order lifecycle

From order entry to settled cash, with the check at each hop.

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Every hop is logged with a sequence number and is replayable for surveillance and dispute review.

Read on

The four pages an integration team reads.

Platform

The complete exchange stack, from order book to payout.

A central limit order book for binary and multi-outcome contracts, with resolution, clearing, risk, surveillance, back office, apps and APIs. Deployed as your venue, under your brand and your permissions — every component built to stand in front of a regulator.

Deployment shape

Single tenant or shared book
Tenancy
Single-tenant venue, or a shared book with tenant-level branding and category control
Branding
Colour, radius, type weight and copy are tenant configuration, not a code fork
Hosting
Our infrastructure, or your cloud account under a managed deployment
Licence
Held by you. We hold none on your behalf and you cannot use our permissions
The stack

Four layers, with the boundary between us and you drawn on each.

Select a layer to see what it contains and what it commits to.

Exchange core

Layer 01

A central limit order book quoted in cents, with per-market price grids and cross-outcome netting so multi-outcome markets are collateralised once rather than per leg.

·Central limit order book
·Per-market price grid, 1¢ or finer
·Cross-outcome collateral netting
·Deterministic sequencer and replay
·Self-match prevention
·Halt, resume and cancel-on-disconnect
Reported: match latency, p50 and p99 Exchange core

Reported monthly against your own venue. Contractual remedies attach to the liquidity coverage schedule and to platform uptime, as set out in your agreement.

Inside the venue

The consoles your team and your traders actually use.

Five surfaces from the same deployment. Every number below is simulated, but the layout and fields are as shipped.

Back office · Traders18,204 total Sandbox
All Verified 16,921 Pending review 240 Blocked 1,043 VIP desk 112 Search name, email, ID… Filters Export + Add trader
Filters: Balance > $500 ✕ Active last 30d ✕ Clear all
IDTraderKYCJuris.Balance30d volume ▾Last active
TRD-40977 M. OkaforVIPm.okafor@example.com Verified SG $86,900 $1,214,000 2m ago
TRD-40213 A. Whitfielda.whitfield@example.com Verified UK $12,480 $148,200 14m ago
TRD-41003 K. Weberk.weber@example.org Verified DE $640 $3,100 1h ago
TRD-39876 J. Lamj.lam@example.com Pending HK $2,150 $9,400 3h ago
TRD-40551 R. Nakamurar.nakamura@example.net Verified AU $5,320 $44,700 5h ago
TRD-40108 P. O’Dohertyp.odoherty@example.org Verified IE $1,905 $12,300 1d ago
TRD-39240 L. Fontainel.fontaine@example.net Pending FR $780 $2,050 2d ago
TRD-38112 S. Reyess.reyes@example.com Blocked US $0 12d ago
2 selected · Export · Tag · Suspend 1–8 of 18,204 · 50 per page

Colour, radius and type follow tenant configuration — this is the default skin.

Contract types

Binary, multi-outcome and scalar, on the same book.

Multi-outcome markets net across outcomes, so a trader holding every leg posts collateral once rather than per leg. That is the difference between a listable long-tail market and a dead one.

Binary

YES / NO

One question, two outcomes, settling at $1 or $0. The workhorse contract and the one most traders meet first.

Tick
CollateralFull
Settles$1 / $0

Multi-outcome

N way

Three or more mutually exclusive outcomes on one book, with collateral netted across legs rather than posted per leg.

OutcomesUp to 64
NettingCross-outcome
Sum$1

Scalar

Range

A numeric range split into bands, for macro prints and index levels where the answer is a number, not a yes.

BandsConfigurable
CollateralFull
SettlesPro rata
Order lifecycle

From order entry to settled cash, with the check at each hop.

Hop 01

Order entry

FIX, REST or the trader app posts a limit or market order.

KYC, age, jurisdiction
Hop 02

Pre-trade risk

Collateral, position limits and concentration checked before the book sees it.

Full collateral
Hop 03

Match

Deterministic price-time matching on the per-market price grid.

Self-match prevention
Hop 04

Clear

Positions netted across outcomes, collateral moved, ledger entry written.

Netting applied
Hop 05

Resolve

Named settlement source read at the stated time, dispute window opens.

Source fixed pre-listing
Hop 06

Settle

Cash settled to your ledger of record, statement generated.

Replayable audit trail

Every hop is logged with a sequence number and is replayable for surveillance and dispute review.

Sandbox credentials are available before contract.

Book the walkthrough and a solutions engineer takes your integration lead through the engine, the resolution policy and the commitment terms. One business day to reply.