Technology and regulatory advisory for market infrastructure providers, exchanges, and market makers. From trading platform implementation and exchange connectivity through regulatory compliance for MiFID II systematic internalisers and organised trading facilities.
Selected clients: ING/Extra Clearing, SGX FX Markets
Market infrastructure providers — exchanges, MTFs, systematic internalisers, and market makers — face a unique combination of technology performance requirements and regulatory obligations. Latency, throughput, and reliability are non-negotiable, while MiFID II, MAR, and CSDR impose detailed requirements on transparency, surveillance, and reporting.
Diletti has experience across the full market infrastructure stack: from exchange connectivity and matching engines through clearing integration and regulatory compliance. We've worked with both established exchanges and new market entrants.
Matching engine integration, order management, market data distribution, FIX/FAST connectivity, and trading venue technology architecture.
Multi-exchange connectivity (Euronext, NYSE, CBOE, LIFFE, CME, CBOT), co-location, market access, and smart order routing.
Automated market making infrastructure, quoting engines, risk management for market makers, and inventory management.
MTF/OTF rule books, pre/post-trade transparency (MiFID II RTS 1/2), transaction reporting, and AFM regulatory engagement.
Market surveillance systems, trade surveillance, order-to-trade ratio monitoring, and suspicious activity detection for trading venues.
End-to-end support for launching new trading venues: licence application, technology build, participant onboarding, and go-live.
Complete AFM application framework for new trading venues. View template →
Market abuse surveillance and STOR framework. View template →
Market infrastructure engagements have included MTF licensing and go-live support for SGX FX Markets, clearing technology projects at ING/Extra Clearing, and exchange connectivity implementations across multiple trading venues including Euronext Amsterdam, NYSE, CBOE, and LIFFE.
Every organisation is different. A 30-minute call is usually enough to determine where we can add the most value.
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