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Important 2024-09-18
Modulus to Stop Licensing Software
Thank you for your interest in Modulus; your consideration has been greatly appreciated. Modulus has made the strategic decision to discontinue the sale of all digital assets technology offerings, including exchange solutions, custody systems, market-making software, and trading platforms. This change will allow us to refocus efforts on quantitative finance. Additionally, we are excited to announce the upcoming launch of our AI-powered quant hedge fund as part of this new direction.
Modulus has not taken this decision lightly. Since 1997, Modulus has provided advanced fintech products to clients such as The Nasdaq Stock Market, J.P. Morgan Chase, Bank of America, Goldman Sachs, Merrill Lynch, HSBC, UBS, Citigroup, BNP Paribas, and thousands of others.
In addition, we have provided advanced High-Performance Computing and AI products and services to clients such as IBM, SAS Institute, Rutgers University, the University of Chicago, MIT, Oak Ridge National Laboratory, NASA, and thousands of other corporate, educational, governmental, and non-profit institutions throughout the world.
After September 2024 , Modulus will cease licensing all digital assets software solutions, including software upgrades, technical support, and customizations, without exception.
Existing clients may contract third-party service providers for continued support and customizations. We are truly grateful for the trust and interest you have shown in Modulus. While our paths may diverge, we wish you the very best in your endeavors and hope that our paths may cross again in the future, perhaps within the realm of quantitative trading. Thank you once again for your support.
Launch an Exchange, Trading Platform, or other FinTech Product
We're excited to announce that our Partners in technology Exchange (㉐) Modulus Startup Program is back for a limited time. Don't miss your chance to develop an amazing income stream using Modulus technology!
This is your opportunity to gain instant access to exclusive, premium Modulus source code that will set you on the path to success. Members of the Modulus Startup Program will receive exclusive invitations to our annual virtual fintech developer summit held every January, where we make new connections and hold fintech developer Q&A sessions.
Your Shortcut to Success
Market downturns create remarkable opportunities for startups, and we understand that funding can be a hurdle. In 1997, Modulus started as a small startup, just like many of you. Modulus is here to support your startup by offering substantial discounts on our solutions.
The Modulus Startup Program includes the Modulus Spot and Derivatives Exchange Solutions and Trading System Components. The provided source code will fast track the development of any spot or derivatives cryptocurrency exchange, security token exchange, merchant payment system, liquidity provider, trading system, trading platform and more.
Plus, tap into our industry knowledge, connections, and marketing resources.
READY TO LAUNCH YOUR DIGITAL ASSETS EXCHANGE, NEO BANK, CROWDFUNDING PLATFORM, CUSTODY SERVICE, OR OTHER DIGITAL ASSETS OR FINTECH VENTURE?
Think beyond the boundary and discover how to empower yourself with our ㉐ Ecosystem, Technical Assessments and Tactical Deals. Lets introduce you to our technology broker services and professional trading solutuions
- Powerful HPC and AI Capabilities
- Explore Every Variable
- Trade Anything
- Maintain Control
- Ultra High Performance
IPUZZLEBIZ Commitment — ㉐ and The Partner Solution Advisor Support
We always ensure our commitment to our clients through the legal contracts and Service Level Agreements (SLAs). Our partner solution advisor support approach to you is our reliable commitment to business agility and quality.
The Value of Independence — Change Your Energy
iPuzzlebiz is privately held & is solely owned & operated. There is a distinct reason for this: the broker value proposition – independence, choice, professional advice and local presence – is just as compelling now as it has ever been. As a long-standing partner and supporter of the tech broker channel, IPUZZLEBIZ respects the right of individual broker as well as the giant enterprise to make decisions that are in the best interests of their business.
wHY THE REAL-TIME TRADER / BROKER Experence MATTERS
LIMITED TIME OPPORTUNITY FOR THOSE WHO ARE ACTIVELY EXPLORING THE GLOBAL MARKET AND HOPE TO PROVIDE SAFE AND CONVENIENT TRADING SERVICES TO MORE USERS AROUND THE WORLD
We do not provide cheap “scripts” that break under a moderate load or get hacked with minimal effort! That’s the Modulus Difference. To qualify for the best program, startups must generate under $1 million in annual sales. They also may not be a competitor to Modulus!
As Bitcoin reaches historical records in 2024, the crypto exchange Coinbase suffered a massive outage, plunging millions of users into chaos. At IPUZZLEBIZ, we offer opportunities to work only with the next generation of cryptocurrency exchanges and development of ultra-high frequency trading systems and blockchain technologies.
Ultra High Performance Exchange & Trading Solutions
New digital technologies have caused a shift in user experience and customer expectations, resulting in a new kind of modern businessman.
IPUZZLEBIZ supports heart-centred leaders and entrepreneurs to build web3 businesses and help create a tokenized economy. Learn about the world's most reliable, high-performance, turnkey futures & margin exchange software solution for commodities, digital assets, and more.
Investment funds and the crypto exchange ecosystem are closely related
Investment funds are one of the primary sources of capital for crypto exchanges, and they invest in various cryptocurrencies and blockchain-based projects. In turn, crypto exchanges provide a platform for investors to buy, sell, and trade cryptocurrencies. The relationship between investment funds and the crypto exchange ecosystem is mutually beneficial, as investment funds provide liquidity to the market, while crypto exchanges offer a secure and regulated platform for investors to trade cryptocurrencies.
Franklin Templeton, a name synonymous with traditional asset management, has thrown its hat into the cryptocurrency ring, filing for a spot bitcoin exchange-traded fund. This historic decision marks another significant stride toward a brighter future for the cryptocurrency industry. This comes on the heels of major moves by PayPal, Twitter, and other major corporations making bets on crypto.
Development of the new Options Exchange & Trading Platform for Tokenized Assets and Cryptocurrencies
The significance of accommodating diverse investment strategies is critical to the success of any digital assets exchange. Modulus, the leading provider of digital assets exchange technology that has powered the likes of FTX, has announced the development commencement of an options exchange and trading platform, specifically designed for cryptocurrencies and tokenized assets.
The new options trading platform is designed to empower traders by offering the ability to buy and sell (write) put and call options on an extensive range of digital assets from cryptocurrencies to fractional shares of stocks and other assets such as real estate, for example. This means that investors will gain access to a broader spectrum of trading opportunities, enabling them to navigate the markets with greater flexibility and sophistication.
One of the most enticing features of the Modulus options exchange is its provision for a wide array of trading strategies. Traders will have the capability to implement options trading strategies such as spreads, straddles, strangles, condors, butterflies, synthetic positions, and more. This diverse toolkit equips investors with the means to navigate various market conditions and optimize their trading approaches based on their unique risk appetite and market outlook.
Spot. Execute. Trade.
An Outstanding Value, Choose the Right Solution
Moreover, Modulus aims to offer a comprehensive suite of trading functionalities, consolidating all forms of trading within their exchanges and trading platforms. From traditional spot trading to perpetuals, futures, and now options, Modulus seeks to create an all-encompassing ecosystem that caters to the evolving needs of retail and institutional traders.
The introduction of the options exchange platform by Modulus marks a pivotal moment in the trading landscape, setting new standards of accessibility, flexibility, and sophistication for digital asset traders globally. This development not only signifies a leap forward in technology but also underscores the commitment of Modulus to empower traders by providing them with cutting-edge tools and opportunities in the rapidly evolving financial markets.
It is worth to remember the Trading user experience (UX) of COINBASE on 3/2/2024
This week, due to a glitch within Coinbase’s software, investors balances showed $0 following Bitcoin’s continued success throughout the month of February. Though Coinbase promised its users that it was simply a technical error and that assets were safe, users were outraged with the mistake and slow reboot times on behalf of the company. Inept with handling traffic on their app, Coinbase experienced the same issue in May of 2020, also causing a Bitcoin downslide, and before then in June of 2019 when BTC had dropped again.
"This ‘blackout’ concerns investors due to its convenient timing during BTC’s heavy trading periods. Coinbase was the only exchange to experience this lack of preparation, and you can't help but wonder about the timing," said Richard Gardner, CEO of Modulus, a US-based developer of ultra-high-performance trading and surveillance technology that powers global equities, derivatives, and asset exchanges; Fortune 500 firms; government agencies and laboratories; and leading research universities.
"The recent glitch at Coinbase highlights the fragility of some of the existing exchange platforms. Investors deserve a trading environment that can withstand market fluctuations and heavy traffic without compromising security or user experience. Incidents like these underscore the importance of adopting advanced and robust technology to ensure the uninterrupted operation of exchanges," said Gardner.
This is not the first time Coinbase has faced such issues, with similar disruptions occurring in May 2020 and June 2019, both coinciding with significant Bitcoin market movements. Such recurrent problems, especially during crucial trading periods, raise concerns among investors about the overall reliability of established exchanges. Gardner further noted, "It's crucial for market participants to evaluate the resilience of their chosen exchanges. The recurring nature of technical glitches and outages poses a serious challenge to users who need a seamless and secure trading experience."
Modulus is known throughout the financial technology segment as a leader in the development of ultra-high frequency trading systems and blockchain technologies. Over the past twenty years, the company has built technology for the world’s most notable exchanges, with a client list which includes NASA, NASDAQ, Goldman Sachs, Merrill Lynch, JP Morgan Chase, Bank of America, Barclays, Siemens, Shell, Yahoo!, Microsoft, Cornell University, and the University of Chicago.
"In the ever-evolving world of digital assets, the integrity of an exchange platform is paramount. By leveraging cutting-edge technology, our collaboration ensures that operators have the tools they need to build and maintain exchanges that inspire confidence among users, even in the most challenging market conditions," said Gardner. "As the industry pivots towards a future defined by trust and security, Modulus stands at the forefront, offering a steadfast foundation for the next generation of cryptocurrency exchanges."
Interested in launching your own exchange?