EXCHANGE
The full exchange stack
The full
exchange stack
for regulated digital markets.
Hydra X provides the technology and market infrastructure institutions need to build, operate, and scale regulated digital venues. Hydra X also operates AGX, a secondary trading venue for tokenised securities.
Built by an operator,
for operators.
Launching a regulated venue requires more than a matching engine. It requires market design, participant onboarding, pre-trade controls, execution workflows, market data, settlement connectivity, reporting, and operational governance. Hydra X brings these together in a modular exchange stack designed for institutions building regulated digital markets.
The exchange
stack.
CLOB Matching Engine
A central limit order book designed for high-performance trading and orderly execution across supported asset classes and market structures, with throughput benchmarked at up to 60,000 transactions per second.
Quản lý lệnh
Trade workflows across multiple asset classes, including pre-trade checks, execution management, order routing, and post-trade processing.
Truyền phát giá
Real-time price feeds and market data across supported instruments, with configurable data sources and integration into front-office and trading workflows.
RFQ and OTC Workflows
Bilateral and multilateral negotiation for block trading, OTC execution, and negotiated transactions, with directed and public RFQ workflows and auditable real-time chat.
Multi-Asset Market Models
Trade traditional and tokenised instruments through flexible market models, designed for different liquidity profiles, participant types, and trading workflows.
Market operations,
not just matching.
Hydra X exchange infrastructure includes the market management tools required to operate a venue day to day. Operators can configure and manage markets, participants and products from a single operating environment.
Deploy your own venue
or access AGX.
Institutions can deploy Hydra X exchange technology within their own regulated environment or access AGX for secondary trading of eligible capital markets products.
Exchange Technology
Deploy Hydra X exchange technology to build or upgrade your own regulated venue. The same team that has designed, deployed and operated live regulated markets can support market design, regulatory implementation planning and exchange infrastructure deployment.
AGX
AGX is a secondary trading venue operated by a MAS Recognised Market Operator. Issuers can seek secondary market access for eligible capital markets products, while participants access trading connected to Hydra X tokenisation, custody and settlement infrastructure.
Credentials
AGX is operated by LabyrinthX Technologies Pte. Ltd., a Recognised Market Operator regulated by the Monetary Authority of Singapore under the Securities and Futures Act
ISO 27001 certified. SOC 2 audited.
Regular independent penetration testing.
Connected to
design.
Hydra X exchange infrastructure connects trading with issuance, custody, dealing and settlement workflows across the capital markets lifecycle.
For Issuers
Structure tokenised assets with secondary market access considered from issuance.
For Participants
Connect trading with institutional custody and settlement workflows.
For Market Operators
Connect matching, market data, participant workflows and post-trade infrastructure within a single venue architecture.
FAQ
Hydra X provides exchange infrastructure for regulated digital markets, including CLOB, RFQ, OTC workflows, price streaming, order management, market management tooling, and post-trade connectivity.
Yes. AGX is a secondary trading venue operated by LabyrinthX Technologies Pte. Ltd., a Recognised Market Operator regulated by the Monetary Authority of Singapore.
AGX supports secondary trading of eligible capital markets products, subject to regulatory permissions, asset type, participant eligibility, and onboarding requirements.
Eligible tokenised securities may be connected to AGX for secondary market access, subject to regulatory permissions, listing requirements, and onboarding.
Yes. Institutions building or upgrading a regulated digital venue can deploy Hydra X exchange technology, with support across market design, operating model development, regulatory implementation planning and exchange infrastructure deployment.
Hydra X exchange infrastructure can connect with tokenisation, custody, dealing and settlement workflows across the tokenised capital markets lifecycle.
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