EXCHANGE
TECHNOLOGY

FLEXIBLE TRADING PLATFORM

LIST’s electronic trading system implements the central functionalities at the core of exchanges and trading venues.
Its modular architecture includes matching engine, market governance tools and a comprehensive surveillance system.

Invest in a future-proof solution that will support your current business and its future evolutions by exploiting the system flexibility and LIST’s ability to customize the solution to your needs.

Multiple
Market Segments
Connectivity
to Settlement Systems & CSD
Post-trade
Workflow
API, FIX and WEB Interfaces
for Members and ISVs

MULTI-ASSET SOLUTION

Bonds and Equity
Securities
Equity and Interest
Rate Derivatives
Secured and Unsecured
Money-market Instruments
FX & FX Derivatives

A proven solution for exchanges used across multiple asset classes, supporting both standard exchange traded products and the bilateral negotiation of the deal characteristics.

Easily expand the asset class coverage of your business by adding new market segments.

MATCHING MODELS

LIST’s matching engine supports a variety of trading models, ranging from the simple order-driven book with price/time priority to multi-stage, competitive RFQ workflows or streaming. Both anonymous or bilateral negotiations can be configured.

Offer to your market participants the trading flexibility they need by exploiting the wide range of matching models available out-of-the box.

Limit order book
& quote-driven
AUCTIONS
Request for Quote
STREAMING

GOVERNANCE

Suspend/reactivate
Members & Operators
Suspend/reactivate
Products
Manage Deal
Cancellation
Manage Market
Phases

LIST’s solution for exchanges includes governance tools to manage members and operators, product listings and market phases. Both peer-to-peer member roles or liquidity taker/liquidity provider are supported.

Autonomously operate the market thanks to the comprehensive set of governance tools embedded in our solution.

SURVEILLANCE
& RISK MANAGEMENT

The surveillance and risk management modules monitor in real time the members activity, keeping the market integrity, signalling abusive behaviours and guaranteeing participants compliance to market rules.

Be in control of the market activities and pre-emptively manage any risk with LIST’s platform surveillance and risk management modules.

Block Orders on Fat Finger
or Limit Crossing Events
Monitor Market-making
Obligations
Market Abuse
Detection System
Investigation Tool
and Market Replay

ADDED-VALUE FUNCTIONALITIES

Order Management
and Blotter
Pricing, Analytics
& Total Consideration
Post-trade
Straight Through Processing
Connectivity to SWIFT
and External Venues

LIST’s solution for exchanges allows to customize the functionalities offered to the market participants, ranging from per-trade calculations, order routing or blotter, to post-trade straight through processing and connectivity to third-party systems.

Customize the user experience of your clients by exploiting the functionally-rich components of LIST’s solution.

Discover more on our Solutions