Modulus Global (operating as Modulus Financial Engineering) is a financial technology company founded in 1997 and headquartered in Scottsdale, Arizona, United States. The company is one of the longest-standing providers of exchange and trading technology, having developed software for stock exchanges, cryptocurrency exchanges, and trading platforms for over 25 years. Modulus has served clients ranging from startup exchanges to national stock exchanges.
Modulus provides white label exchange technology that supports multiple asset classes including cryptocurrencies, securities, forex, commodities, and derivatives. Their MERX platform is a modular exchange system that includes a matching engine, market data distribution, order management, risk controls, and surveillance tools. The company also offers white label crypto exchange solutions with integrated custody, KYC/AML compliance, and regulatory reporting. Their technology supports various trading models including CLOB (Central Limit Order Book), RFQ (Request for Quote), and dark pool configurations.
Modulus operates on a licensing model with both perpetual and subscription options available. The company distinguishes itself through its long track record and deep expertise in exchange technology, having consulted with regulatory bodies and national exchanges. Their source code licensing model gives clients the option to own and customize the underlying technology, providing maximum control over their exchange platform.