Today, Modulus, a US-based developer of ultra-high-performance trading and surveillance technology that powers global equities, derivatives, and digital asset exchanges, launched the Modulus Startup Incubator Program for Developers and Teams. The company’s Startup Incubator Program is designed to help newly launched companies by offering up to a 90% discount on white-label Modulus Spot and Derivatives Exchange Solutions.

“When Modulus launched over twenty-five years ago, we were the quintessential startup. We know first-hand how difficult it is for startups to gain access to funding, especially during market downturns. However, we also know that those same market downturns present incredible opportunities to develop new products and meet market demand. We believe that we’ve found a way to help startups manage that juxtaposition by offering them access to our software for one-year at a massive discount, giving them time to build their customer base and build up their cash flow,” said Richard Gardner, CEO of Modulus.

“Essentially, our Startup Incubator Program allows clients to leverage more than 100,000 man-hours of development time on spot and derivatives exchange development by using our source code. That will fast track the development of any spot or derivatives cryptocurrency exchange, security token exchange, merchant payment system, market making system, trading system, and more,” explained Gardner.

The Modulus Startup Incubator Program covers the Modulus Spot and Derivatives Exchange Solutions, excluding optional add-ons or service fees for integrated third-party service providers, such as external KYC and AML vendors. Qualified startups must have, or be able to obtain, access to: DevOps engineer(s) and C#, Go, web, and mobile app developers.

“This program is geared towards entrepreneurs with a strong skill set in financial software development. While our typical offering is soup-to-nuts, with complete customization available, our Startup Incubator Program is geared towards self-service. While the knowledge base access and documentation are included, support and product updates are not included, though they may be obtained via an upgrade,” noted Gardner.

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.

Modulus requires that applicants for the Startup Incubator Program are privately held companies, are not a competitor to Modulus, were established less than three years ago, and have an existing internet presence. Matching engine transaction speeds are limited to 10 million TPS, but may be upgraded to 84 MTPS. Other restrictions and limitations may apply. Modulus reserves the right to stop the Startup Incubator Program at any time and plans to pause the program by Q3 of 2023.