Multi Asset Spot Exchange

Launch your exchange

The Modulus exchange solution supports spot exchange operations across stocks, commodities, forex, bonds, securities, and additional tradable instruments, with flexible deployment to cloud hosting providers, private cloud environments, bare metal hardware clusters, and Kubernetes-based infrastructure.

The solution offers ultra-high-performance, a customizable front-end, instant liquidity, regulatory compliance support, market surveillance, KYC and AML integration, and enterprise-grade security.

Modulus is an American financial technology company with nearly three decades of exchange and fintech engineering experience. Modulus has developed and patented trading technology and exchange solutions used by major institutions including Nasdaq, Bank of America, J.P. Morgan Chase, Goldman Sachs, and many others. Learn about our issued patents at modulusip.com

Maintain complete control

The Modulus exchange solution is designed for operators that require autonomy, control, and long-term ownership.

Licensing the Modulus Spot Exchange Solution gives operators full control of their clients, user data, trades, revenue, and profits, without ongoing royalties, commissions, forced revenue sharing, or backend agreements with technology providers or liquidity providers.

Many white label exchange providers keep operators dependent on the vendor's backend, liquidity relationships, pricing structure, roadmap, and business model. Modulus takes a different approach.

The exchange can be licensed with full source code access, commercial source-code licensing, and customization support. Source code access can improve company valuation, enable independent code audits, support internal security review, and provide the flexibility to customize the exchange, including the website, React web app, backend services, and native mobile apps.

This structure supports business continuity by reducing reliance on unreliable white label providers and closed-source vendors.

The result is not an introducing-broker type of relationship with another competing exchange operator, it is a source-code-controlled exchange foundation that your organization can adapt, extend, audit, operate, and defend.

Exchange technology built for real markets

A production exchange is not only a website with an order book or an app that can be thrown together with AI vibe coding in a weekend.

It is a coordinated system of matching, market data, custody workflows, user management, account controls, liquidity, surveillance, KYC, AML, reporting, security, administration, regulatory controls, and operational support.

AI can describe the visible parts of an exchange. That is not the same as building exchange infrastructure that can handle real users, real liquidity, real regulatory review, real attack vectors, and real market conditions.

The Modulus Spot Exchange combines production-tested exchange components, AI-accelerated development workflows, clean-title source code, and an engineering team that understands how real trading systems fail.

That is the Modulus blueprint applied to exchange technology. Learn more about the Modulus blueprint here.

Full regulatory compliance support

The Modulus Spot Exchange is designed to support global regulatory requirements and jurisdiction-specific approval processes.

The exchange supports regulatory frameworks and privacy standards including MiFID II, MiCA, Travel Rule directives, GDPR, CCPA, and related requirements depending on jurisdiction, configuration, asset class, and legal structure.

Modulus can assist with regulatory planning, technical documentation, compliance workflows, and operational design. Exchange operators should also work with qualified legal counsel in the relevant jurisdiction before launching, listing assets, enabling margin, offering lending, supporting derivatives, or activating market-making functionality.

For firms beginning the launch process, Modulus can provide a complimentary blueprint, no-obligation assessment, and exchange business plan to support planning, funding conversations, and regulatory preparation.

Modulus can also assist with materials and technical planning used in funding discussions and regulatory approval processes.

For legal formation, licensing, and jurisdictional support, refer to the Modulus legal services page.

Instant market liquidity

Most new exchanges face the same liquidity problem.

Without users, order books remain empty. Without robust order books, users are reluctant to trade.

The Modulus exchange solution is designed to address this challenge by helping exchanges launch with active order books from day one.

The platform includes a sophisticated market-making system that can remarket orders from a wide array of leading liquidity sources. The exchange can also integrate with paid liquidity service providers, third-party venues, custom liquidity providers, and proprietary market-making operations.

Modulus also offers an advanced smart order routing system with dynamic hedging and synthetic pairing capabilities. This helps optimize order execution, mitigate risk, and expand the range of trading pairs available to users.

The liquidity architecture allows exchange operators to connect to other exchanges for added liquidity, adjust rebates, and create cash incentives to attract market makers where permitted by law.

Unlike many white label exchange software providers, Modulus does not charge additional fees or require revenue sharing for adding liquidity connections to the exchange.

Local laws and regulations may restrict or govern market making, incentives, liquidity relationships, and related trading activity. Exchange operators should consult qualified legal counsel before launching or enabling these features.

Matching engine performance

The Modulus exchange solution includes a high performance matching engine designed for extreme throughput.

The matching engine can scale to up to 100 million transactions per second, providing a performance profile built for demanding exchange environments and high-volume markets.

Many exchange platforms struggle at far lower throughput levels. The Modulus architecture is designed to support serious market infrastructure, not only a demo environment.

The platform can be customized around market rules, asset types, order types, fee models, trading sessions, listing logic, liquidity workflows, and administrative requirements.

Quick and easy setup

The Modulus exchange software is highly scalable and fault tolerant.

The solution can be installed on Linux servers using Docker containers and can be deployed to cloud hosting providers, private cloud infrastructure, or bare metal hardware. Deployment options can support Kubernetes, load balancing, failover, monitoring, and resilient exchange operations.

Training and testing can begin immediately after setup.

Licensing can be structured as a one-time license fee, with installation on the operator's cloud servers or hardware infrastructure. Modulus provides installation instructions, training options, and support services as needed.

This enables the operating team to focus on customer acquisition, liquidity, compliance, and business growth rather than rebuilding core exchange technology from scratch.

Modulus makes it faster, easier, and less painful to launch an exchange while preserving the advanced features required to remain competitive.

Fortifying the exchange with enterprise security

Security is a primary concern for every securities exchange and multi-asset trading venue.

The Modulus exchange solution is designed with a multi-layered security architecture that reflects lessons learned from sophisticated hacks, phishing campaigns, exchange attacks, and real-world threat patterns.

Modulus has also worked with outside ethical hackers and security professionals to identify and address potential vulnerabilities.

Through a strategic relationship with Cloudflare, exchanges can benefit from advanced DDoS protection, SSL/TLS encryption, edge security, and additional performance and security features.

The goal is a defense-in-depth architecture that helps operators protect user accounts, sensitive data, and trading infrastructure.

Security and regulation

The Modulus exchange solution is designed to support security and regulatory controls across the full exchange environment.

Key capabilities may include two-factor authentication, anti-phishing features, geofencing, VPN and Tor exit-node detection, database encryption, DDoS mitigation, network anomaly detection, trade anomaly detection, penetration testing, source code analysis, and administrative logging.

The platform supports advanced geo-fencing that identifies IP geographies, ISPs, and organizational owners. The system can detect and reject Tor browser connections and VPN connections where strict regulatory compliance requires it.

The platform also includes built-in admin logging to track exchange employee actions. Custom administrator accounts can be created with specific permissions for compliance, operations, finance, support, and technical teams.

KYC and AML

The Modulus exchange solution supports Know Your Customer and Anti-Money Laundering workflows required by regulated exchange operations.

KYC verification can support identity checks, name verification, address verification, document verification, and related onboarding workflows.

AML workflows can include real-time risk scoring through machine learning and integration with third-party compliance providers.

Supported KYC and AML provider integrations may include Jumio, Trulioo, IdentityMind, Shufti Pro, SynapseFi, Cognito, 4Stop, and other providers depending on project requirements and current availability.

Market abuse detection and surveillance

The Modulus exchange solution can support AI-driven anti-market manipulation, anti-money laundering, and market abuse detection.

Using machine learning, the exchange can analyze pre-trade and post-trade data to identify suspicious activity including large trades, pass-through trades, wash trades, spoofing, layering, stuffing, hammering, momentum ignition, and money laundering patterns.

Administrators can freeze accounts as needed and generate Suspicious Activity Reports for regulators where supported by the configuration and applicable workflow.

This helps exchange operators move beyond basic compliance checklists and toward active market surveillance.

Customizable trading front end

The Modulus Spot Exchange includes a highly customizable trading front end, configurable backend, professional exchange website, React web app, and native mobile apps for spot trading.

Full source code access gives development teams the ability to tailor the exchange to specific brand, workflow, regulatory, and market requirements.

The platform includes a well-documented API and support options for building custom web interfaces, custom mobile user interfaces, trading bots, admin tools, and additional exchange workflows.

Unlike unsecure and unsupported open-source exchange script source code, Modulus provides a robust, secure, supported, and fully customizable exchange solution.

Website, web app, and native mobile apps

The Modulus exchange solution can include a pre-built customizable exchange website, React web app, and native mobile apps for spot trading.

The mobile apps can support iPhone, Android phones, tablets, desktop, and web workflows depending on project scope and configuration.

The user interface is designed to address shortcomings and UX design flaws commonly found in popular exchange apps.

Features may include two-factor authentication, GDPR support, professional charting, technical analysis tools, push notifications, account workflows, trading screens, portfolio tools, and more.

The UI can support multiple languages through globalization files, including right-to-left text.

No imposed limits

The Modulus exchange solution offers broad flexibility for exchange operators.

The platform can support an unlimited range of tradable assets, including stocks, commodities, forex, bonds, securities, and additional instruments.

Administrators can add thousands of securities through the admin control panel, subject to legal and regulatory requirements.

Maker and taker fees can be customized. Fee rules, listing workflows, referral logic, user permissions, account limits, and trading controls can be configured around the exchange's operating model.

The matching engine, user interface, backend workflows, mobile apps, admin tools, and market structure can be customized around specific business requirements.

Futures exchange and margin trading add-on

With the Modulus futures & margin exchange add-on, exchange users can engage in margin trading across a diverse range of assets including stocks, commodities, and additional supported instruments.

Operators can also configure margin trading and lending, fractional share trading, trading halts, trading curbs, FIX connectivity, institutional access, and dark pool trading depending on jurisdiction, configuration, and legal approval.

These capabilities allow exchanges to expand beyond basic spot trading and service a larger client base.

Customization and support services

Modulus provides customization and support services to help operators tailor the exchange to exact specifications and keep the platform operational.

The Modulus team can assist with user interface changes, feature integration, backend architecture, performance optimization, market-data integration, liquidity integration, mobile app customization, compliance workflows, admin tools, and exchange-specific business logic.

Customization services can cover every aspect of the exchange, from front-end design to backend architecture.

Support services can include technical documentation, training, best practices guidance, updates, security patches, performance optimizations, monitoring, maintenance, and operational assistance.

Optional 24/7 support, monitoring, updates, security patches, and performance optimization are available.

Global markets never sleep. Exchange infrastructure should be designed for continuous operation.

Modulus can provide support and maintenance options to help operators reduce downtime, respond to issues, and keep the exchange running at peak efficiency.

Continuous innovation and product updates

Modulus understands that exchange technology must adapt as markets, regulations, security threats, and user expectations evolve.

The Modulus exchange solution can include a full year of complimentary product updates depending on license terms.

Product updates may include new features, security patches, technical improvements, performance enhancements, and platform refinements designed to keep the exchange relevant and competitive.

Operators maintain discretion over which upgrades and features to implement.

After the initial maintenance period, firms may continue using the licensed software without any obligation to renew maintenance. Ongoing support and updates can be extended through an optional maintenance subscription.

If maintenance is not renewed, the licensed software can continue to be used. Maintenance can be renewed later if additional updates, security patches, or technical assistance are needed.

This provides autonomy, flexibility, and control over the long-term evolution of the exchange.

Industry recognition

Modulus technology has been recognized for performance and accuracy by industry publications and awards programs, including Benzinga Fintech Awards recognition for performance and accuracy.

The Modulus technical indicator library has also won awards from Futures magazine and Stocks and Commodities magazine.

Trusted financial technology experience

Modulus has delivered trading technology, exchange solutions, financial software, and capital-markets infrastructure for major institutions and market participants around the world.

Clients and technology users have included Nasdaq, Bank of America, J.P. Morgan Chase, Goldman Sachs, HSBC, UBS, Citi, BNP Paribas, CME Group, NYSE-related market participants, brokerages, exchanges, funds, market makers, regulators, and market-data providers.

The Modulus Spot Exchange brings that record into a production-ready exchange platform that can be launched, customized, audited, and operated with ease.

Deliverables

The Modulus Spot Exchange can be delivered as a full exchange application, source-code engagement, or customized exchange platform depending on project requirements and license terms.

Deliverables may include exchange website, React web app, native iOS app, native Android app, matching engine, market-data services, backend services, admin control panel, professional trading front end, liquidity integrations, smart order routing, market-making system, KYC provider integrations, AML provider integrations, geo-fencing, VPN and Tor detection, developer API, trading bot API, FIX connectivity, security controls, admin logging, surveillance tools, Proof of Solvency audit reporting, reporting tools, documentation, training materials, AI development files, and customization support.

The exact deliverables depend on the license, asset classes, regulatory requirements, jurisdiction, hosting model, liquidity model, and implementation plan.

Schedule a call

Schedule a discussion to review how the Modulus Spot Exchange can be configured for a spot exchange, securities exchange, commodity exchange, FX exchange, or broader multi-asset exchange.

Existing requirements, RFPs, AI-generated specifications, business plans, regulatory plans, and current exchange challenges can be used as the starting point.

Modulus can help turn those requirements into a production-ready exchange the business can own.