Exchange Integration Layer

Multi-exchange listing · FIX connectivity · market data feeds · clearing & settlement

Exchanges

8

Live

4

Feeds Connected

7

Settled Today

3030

AI Listing Strategy

profile the issuer → recommended exchange, ticker, fees, timeline

Exchange Registry

4 live · 1 beta · 3 planned

Nasdaq

live
United States·North AmericaP3
Open: 09:30
Close: 16:00
Settle: T+1
Tick: $0.01
FIX 4.4high12ms
List: $125KAnnual: $78KMin Mcap: $4M

New York Stock Exchange

live
United States·North AmericaP3
Open: 09:30
Close: 16:00
Settle: T+1
Tick: $0.01
FIX 4.4high14ms
List: $250KAnnual: $95KMin Mcap: $40M

Dubai Financial Market

live
United Arab Emirates·MENAP2
Open: 10:00
Close: 14:50
Settle: T+2
Tick: $0.01
FIX 4.2medium38ms
List: $200KAnnual: $45KMin Mcap: $10M

Abu Dhabi Securities Exchange

live
United Arab Emirates·MENAP2
Open: 10:00
Close: 14:50
Settle: T+2
Tick: $0.01
FIX 4.2medium42ms
List: $180KAnnual: $40KMin Mcap: $10M

Tadawul (Saudi Exchange)

beta
Saudi Arabia·GCCP4
Open: 10:00
Close: 15:00
Settle: T+2
Tick: $0.01
FIX 4.2medium55ms
List: $150KAnnual: $50KMin Mcap: $30M

London Stock Exchange

planned
United Kingdom·EuropeP5
Open: 08:00
Close: 16:30
Settle: T+1
Tick: $0.005
FIX 4.4high18ms
List: $300KAnnual: $85KMin Mcap: $5M

Hong Kong Exchange

planned
Hong Kong·AsiaP5
Open: 09:30
Close: 16:00
Settle: T+2
Tick: $0.01
FIX 4.4high22ms
List: $220KAnnual: $65KMin Mcap: $50M

Singapore Exchange

planned
Singapore·AsiaP5
Open: 09:00
Close: 17:00
Settle: T+2
Tick: $0.01
FIX 4.4medium28ms
List: $120KAnnual: $42KMin Mcap: $6M

Autonomous Listing Pipeline

1/8 complete
1

Eligibility Check

Verify issuer meets exchange listing requirements (mcap, financials, governance)

complete
2

Listing Application

Submit listing application via exchange API, pay listing fees

active
3

Ticker Assignment

Receive ticker symbol, reserve ISIN, register with CSD

active
4

Connectivity Setup

Establish FIX 4.4 session, configure market data feed, test order routing

active
5

Opening Auction

Schedule opening auction, set indicative price, publish to market

queued
6

Continuous Trading

Live order matching, real-time price dissemination, trade reporting

queued
7

Settlement

T+1/T+2 settlement via CSD, clearing, pay-out to issuer

queued
8

Post-Listing Compliance

Ongoing disclosure, corporate actions, regulator reporting

queued

Market Data Feeds & FIX Connectivity

7/8 connected

Order Entry (FIX 4.4)

outbound
→ nasdaqTCP/SSL12ms500 msg/s

Market Data L2 (ITCH)

inbound
→ nasdaqUDP/Multicast8ms12000 msg/s

Trade Reporting

outbound
→ dfmTCP/SSL38ms50 msg/s

Market Data L1

inbound
→ dfmTCP/SSL32ms800 msg/s

Opening Auction

outbound
→ adxTCP/SSL42ms10 msg/s

Order Entry (FIX 4.2)

outbound
→ tadawulTCP/SSL55ms200 msg/s

Corporate Actions

inbound
→ nasdaqTCP/SSL15ms5 msg/s

Index Feed

inbound
→ nyseTCP/SSL14ms100 msg/s

Clearing & Settlement

3030 cleared

DTC (US)

T+1avg 4h
→ nasdaq✓ 1240⏳ 18

DTC (US)

T+1avg 4h
→ nyse✓ 980⏳ 12

CDS (UAE)

T+2avg 8h
→ dfm✓ 340⏳ 22✗ 1

CDS (UAE)

T+2avg 8h
→ adx✓ 290⏳ 15

Edaa (SA)

T+2avg 12h
→ tadawul✓ 180⏳ 35✗ 4

Exchange-Grade Governance Enforced

FIX 4.4/4.2 sessions with TCP/SSL · heartbeat monitoring · automatic session recovery · tick-size compliance · settlement cycle enforcement · CSD reconciliation · all trades audit-logged.