Building AsiaNext: A Technical Deep-Dive

28 June, 2024

Building AsiaNext: A Technical Deep Dive

Through this content series we will share the intricacies of building and maintaining a robust institutional-grade digital asset exchange like AsiaNext. We’ll explore the key technical challenges we face and how we prioritise security, scalability, and performance in this demanding environment.

Part 1: Leading the way with innovation and agility

As an institutional-grade digital asset exchange, AsiaNext stands apart. Leveraging cutting-edge technology, innovation, and a team of industry veterans, its features are designed not only to meet the needs of today's institutions but also anticipate the future of the digital asset landscape. Here's a glimpse into AsiaNext’s strategic technological considerations:

 

Technology Roadmap

We’ve charted a clear course for the next 2-3 years outlining major milestones, groundbreaking innovations, and strategic initiatives. It will constantly evolve to reflect the dynamic nature of the industry and our own ambitious goals. Staying ahead of the curve and engaging with industry experts for valuable insights is also paramount. The latest developments in trading systems, blockchain technology, cybersecurity, regulatory frameworks, and emerging financial technologies are closely monitored.

 

Building a High Performing, Scalable and Flexible Infrastructure

Handling high transaction volumes while maintaining low latency and high throughput is crucial for institutional trading. A robust matching engine to manage various order types efficiently is built.

Implementing modular and microservices architecture not only simplifies the integration of new technologies but also allows for independent scaling of different functionalities (e.g. post-trade system components, etc).

An API-first approach supports seamless integration for our members as it ensures interoperability and fosters a vibrant ecosystem of applications built around AsiaNext. Available to our members are also institutional finance connectivity options such as FIX and Binary, with options to consume market data via WSS or UDP multi-cast, and a rich set of post-trade APIs.

Agile methodologies are leveraged to ensure flexible development, faster delivery of features, and the ability to adapt quickly to changing market needs and opportunities.

A robust DevOps culture that streamlines development, deployment, and operational processes, ensures continuous integration and continuous delivery (CI/CD) practices. This helps us deliver secure and reliable features at an exceptional pace.

 

Unwavering Resilience: Designed for 24/7 Reliability

AsiaNext delivers near 100% uptime with a combination of robust failover systems, redundancy across critical components, and continuous monitoring. This ensures seamless operation members’ round-the-clock trading needs.

We provide dedicated, round-the-clock support with guaranteed response times and a relentless focus on issue resolution.

Anticipating the unexpected means, we have comprehensive disaster recovery plans in place to ensure business continuity in the event of outages or cyberattacks. Your assets and your access will remain secure.

 

Security and Compliance - Cornerstones of Trust

Our security framework is never static. We proactively adapt it to address emerging threats by incorporating the latest security technologies and best practices. This ensures our platform remains a fortress against ever-evolving cyberattacks.

We are unwavering in our commitment to regulatory compliance. We stay abreast of all relevant regulations and ensure our operations adhere to the highest legal standards. This fosters trust and transparency within the crypto ecosystem.

 

Investing in Our People

We actively attract and retain the best minds in the industry, seeking skilled professionals with expertise in trading technologies, infrastructure systems, cybersecurity, blockchain, and other critical fields. A culture of continuous learning and innovation is fostered by knowledge-sharing and an open and collaborative environment.

 

A Customer-Centric Approach

Valuable insights are gained by leveraging data analytics, allowing us to optimise our solutions and services to deliver exceptional member experiences. We strive to develop innovative solutions and services that not only anticipate their needs but also exceed their expectations for a smooth trading experience.

Key performance metrics are defined, measured, and closely monitored to ensure that the AsiaNext platform consistently meets the highest industry standards.

 

Despite starting with limited resources and a tight timeline, AsiaNext was successfully built from the ground up with a lean and innovative team. We are well-positioned to not only keep pace with the dynamic digital asset space but to stay ahead of the curve.