The platform behind a regulated event-contract exchange

Vinfotech provides the complete underlying technology platform for operating a regulated event-contract exchange. The platform includes the matching engine, automated market maker, order book, and settlement layer, a FIX gateway, a surveillance subsystem, and an AI Market Operations layer offered as a managed service. The platform operates under the exchange's regulatory authorisation and brand, with Vinfotech as the infrastructure provider.

No. Vinfotech is a technology provider, not a regulated venue. The Designated Contract Market authorisation, and the operating responsibility that comes with it, sits with the exchange customer. Vinfotech provides the platform that the DCM operates; the DCM is the regulated entity and the venue of record.

Exchange engagements are structured as co-development arrangements during the licensing or expansion phase. Vinfotech's engineering, compliance, and operations specialists work alongside the customer's team through the period when the venue is being established. The commercial structure is a platform license combined with ongoing maintenance, with separately scoped engagements for custom development. Specific terms are defined per engagement.

The platform is designed to meet the operational requirements typical of a CFTC Designated Contract Market and equivalent regulated venues in other jurisdictions. This includes deterministic matching with full audit-replay capability, market manipulation surveillance, regulatory reporting interfaces, and KYC/AML integration patterns, and the operational controls expected of a regulated derivatives venue. Specific regulatory and operational requirements are reviewed jointly with the customer's compliance team during the scoping phase.

Binary (Yes/No), scalar band, and multi-outcome (N-way) contracts are supported on the same matching engine. The contract family is a market-definition parameter set at the time the market is created. This allows the exchange to list a heterogeneous set of contract families on a single platform without operating parallel engines.

For an exchange operating at scale, the operational cost of market creation, monitoring, and resolution is the dominant constraint on market count. Vinfotech's AI Market Operations layer handles market definition, resolution-rule formulation, source-of-truth selection, ambiguity detection, and settlement adjudication, allowing the exchange to list and operate a substantially larger market count without a proportional growth in operational staff. The AI engine remains Vinfotech intellectual property and is offered to platform customers as a managed service.

The platform includes a surveillance subsystem covering market manipulation detection (spoofing, layering, wash trading), audit trail capture, and regulatory reporting interfaces. The surveillance subsystem operates against the deterministic event log, which means every surveillance finding can be reconstructed from the underlying message stream. The exchange may also integrate the platform's event streams with its own or a third-party surveillance system; the platform's surveillance does not preclude additional layers.

Member firms connect via FIX 4.4 and FIX 5.0 SP2 sessions for order entry, market data, and drop-copy, with conformance testing provided. REST and WebSocket endpoints are also available. These are the same protocols member firms operate across other regulated derivatives venues, which simplifies onboarding and reduces integration cost for member firms joining the exchange.

The platform provides deterministic, atomic, and idempotent settlement against pre-declared sources of truth and resolution rules bound to each market at definition time. Settlement events are exposed through reporting interfaces for integration with the exchange's clearing arrangements, finance systems, and regulatory reporting infrastructure. The clearing model itself is determined by the exchange and its regulatory framework; the platform supports the clearing model the exchange operates.

Three deployment topologies are supported. The platform can be operated by Vinfotech under a managed-service service-level agreement, deployed in a hybrid model with the exchange operating selected layers, or deployed in dedicated tenancy within the exchange's cloud account. The selection depends on regulatory, operational, and procurement requirements and is reviewed during the scoping phase. Detail is documented on the Architecture and Security page.

Exchange deployments are typically structured around the customer's licensing or launch timeline rather than a standard duration. The scoping phase, regulatory engagement, integration of compliance and risk systems, member-firm onboarding, and operational validation are all factors in the timeline. Specific schedules are defined jointly with the customer and are not published as standard durations.

This solution is designed for CFTC Designated Contract Market license holders and applicants, comparable regulated event-contract exchanges in other jurisdictions, and operators pursuing such authorisations. The engagement assumes the customer is the regulated entity or is actively pursuing that authorisation. It is not designed for unregulated venues or for operators outside the regulated event-contract category.

Designated Contract Markets list exchange-listed event contracts. Prediction market is the informal, consumer-facing name for the category; event contract is the instrument a DCM lists, clears, and settles under CFTC oversight.

No. Vinfotech does not operate event-contract exchanges or venues. The exchange customer is the venue of record under its own regulatory authorisation. Vinfotech is the infrastructure provider and does not appear as the operating venue to regulators, member firms, or end participants.