Playbooks, engineering deep-dives and market analysis. What we learned building the Basis Points platform — for the teams building their own, and the traders using ours.
What an operator actually pays across the platform stack: the seven cost buckets in a white-label deal, industry-typical ranges per bucket, a 24-month build-versus-license comparison, and the contract questions to put in front of any vendor before signing.
Three integration protocols, three different jobs. Which one to build against for order flow, account state, market data and priva…
Trading engine latency is a stack, not a single number — network, gateway, match, risk, WAL, response. A field guide for the opera…
An operator taking the other side of client trades needs a hedge router that manages exposure into external destination venues. Or…
Prop firms sell evaluations and pay out on funded accounts. The platform underneath needs specific primitives — drawdown state mac…
Prop firm founders quote six weeks and land at six months. Here is why the honest timeline is three parallel tracks — tech, operat…
A no-nonsense, operator-written playbook on how to launch a crypto perpetuals exchange in 2026 — jurisdiction, banking, matching e…
A white-label trading platform lets you launch a branded venue without building the stack yourself. Here is what that actually mea…
A working engineer's guide to matching engine architecture, CLOB data structures, price-time priority, latency budgets and the mis…
Hosting EUR/USD through the Friday-to-Sunday interbank blackout is a moat if the venue engineers it and a liability if it does not…
An insurance fund is a platform-layer decision, not a marketing line. What an operator running a leveraged venue needs to design f…
The liquidation engine is where a venue quietly succeeds or publicly explodes. What operators running a multi-asset venue need to …
Funding arb is a big chunk of perpetuals volume, and it is fee-sensitive, cross-margin-sensitive and stress-event-sensitive. What …
Choosing perpetuals as a new venue's product means inheriting a specific stack — funding computation, mark-price blender, liquidat…
Shipping one margin pool across crypto, forex, equity, commodity and index perpetuals is a platform-layer decision, not a UX toggl…
An equity perp trades 168 hours a week; the underlying spot trades roughly 32. That gap — plus dividends, splits, earnings, merger…
24/7 multi-asset is the moat, if the ops team can actually operate it. Most competitors staff for 5x24 and still call it 24/7. Her…