Product Overview of Axoni
Axoni is an American technology company specializing in the development of advanced software solutions for financial institutions, particularly focusing on market infrastructure, trade workflow applications, and real-time data replication.
What Axoni Does
Axoni helps market infrastructure providers, trading firms, and technology companies by delivering secure, scalable, and reliable critical systems. The company’s solutions are designed to streamline the deployment and maintenance of complex, interconnected systems, ensuring operational efficiencies across some of the world’s largest capital markets networks.
Key Features and Functionality
Market Infrastructure Solutions
Axoni’s platform is tailored to meet the needs of systemically important market infrastructure. It includes a structured approach with a Product Definition Report that outlines functional and non-functional requirements, ensuring alignment among all parties before development begins. The platform is built by skilled developers who adhere to strict design specifications and coding standards, and it undergoes rigorous testing for reliability, functionality, scalability, and security.
Blockchain and Distributed Ledger Technology
Axoni is known for its work in blockchain and distributed ledger technology. The company developed Veris, a distributed ledger network that manages equity swap transactions, although this business has recently been sold to the London Stock Exchange Group (LSEG). Veris was designed for matching and reconciling post-trade data on stock swaps, enabling real-time synchronization of transactions throughout their lifecycle.
Real-Time Data Replication – HYDRA
One of Axoni’s flagship products is HYDRA, a real-time data replication platform that replaces the former AxCore technology. HYDRA ensures secure, real-time data replication across various financial institutions and destinations. Key features include:
- Real-Time Data Replication: Eliminates delays and inaccuracies associated with traditional batch processes.
- Unparalleled Flexibility: Supports diverse destination databases such as Postgres, MongoDB, Kafka, and cloud services.
- Enterprise-Grade Security and Privacy: Replicates data directly between the source and consumer, avoiding third-party intermediaries.
- Built-in Reliability: Guarantees data completeness and accuracy, essential for regulatory compliance and decision-making.
Hosting and Management
Axoni offers flexible hosting options, allowing enterprises to host and manage their technology on-premise or in their own virtual private cloud. The company’s fully managed service is SOC 2-certified, ensuring high standards of security and reliability.
Operational Support
Axoni provides global support and maintenance, ensuring rapid response times and expert help to keep mission-critical systems running smoothly. This support is crucial for maintaining the operational efficiency of the systems deployed by Axoni.
Conclusion
In summary, Axoni’s products and services are designed to enhance operational efficiencies, ensure data integrity, and provide secure and reliable solutions for financial institutions and market infrastructure providers. With its advanced technology in blockchain, distributed ledger systems, and real-time data replication, Axoni continues to be a leading innovator in the financial technology sector.