REVENUE
A trading platform sized for emerging and mid-sized stock exchanges. REVENUE is Percival’s matching engine, live on the Barbados Stock Exchange since September 2021 and built for venues that need configurability at a sensible cost.
The trader’s screen
Market watch, order entry, price chart, order book and own orders on one browser page. Every trader arranges the panels to suit and saves the layout; prices, depth and executions are pushed live from the matching engine.
Configurable to your market
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Market models
Order-driven, quote-driven and hybrid markets on the same venue, with opening and closing auctions.
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Per-board configuration
Independently configurable market rules for each trading board, with order types defined in configuration and enabled per board.
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Price formation
Per-unit, percentage, discount, premium, fixed-amount and yield pricing, plus loan interest for securities lending.
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Stabilisation
Built-in price stabilisation, with hard caps and a traffic-light circuit breaker.
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Indices
Capitalisation-weighted, free-float and price-based indices, calculated automatically.
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Multi-venue, multi-currency
Several exchanges on one platform and the same instrument tradable in more than one currency.
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Straight-through to settlement
Integrated with DEPEND, REVENUE delivers seamless processing from order entry to final settlement — with orders pre-validated and the seller’s securities blocked at the depository, and the register of holders updated by DEPEND at settlement.
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Sized and priced for its market
Designed for venues handling up to 25,000 trades a day, where scalability, configurability and cost-efficiency matter most.
From order entry to the register — one straight line
Each board runs its own rulebook: its own market model, order types, order priority, tick rules and sessions. The engine matches continuously, with auction crosses at the open and close, protected by hard caps and a traffic-light circuit breaker. Matched trades are reported straight through to DEPEND for clearing and settlement — pre-validated at the depository before an order goes live, with settlement status flowing back into REVENUE.
Part of one stack
DEPEND
HUBBLEREVENUE in the news
Launch your venue on REVENUE
A trading platform that fits your market’s size, rules and budget — and grows with it.