Documentation

Overview

An overview of the concepts behind creating and using electronic markets.

HaggleDigital is an API platform for creating and operating electronic markets. An API is an Application Programming Interface that provides a collection of web-exposed functions. A client application or website can call these web-exposed functions and thereby extend its own functionality. In this way, the API allows a business to add electronic exchanges to its existing workflows without having to build its own exchange mechanisms.

With this API, your business can operate its own private electronic Markets. Authorised participants can submit Orders and negotiate Prices within a controlled Market. A Market owner determines who may discover, view, trade in, or administer that Market.

What HaggleDigital Does

Market creation, control and administration
Participant rights and permissions
Order submission and cancellation
Price matching and publication
Fill reporting
Settlement notifications by email

What HaggleDigital Does Not Do

Transfer money
Hold client funds
Transfer ownership
Place users in privilege tiers
Arrange delivery
Perform settlement

Settlement remains the responsibility of the participating organisations.

Core Concepts

The following sections explain the main concepts behind HaggleDigital electronic markets.

Markets and Tradeables

How a Market is created between two Tradeable Items. How Users are granted access through permissions.

Orders and Prices

Orders are instructions submitted by participants to buy or sell. The different order types available natively in the system are explained. Price data shows live Orders working in each Market.

Settlement

Trades between two Orders create Fills that can then be processed for Settlement. Settlement is outside the scope of HaggleDigital, keeping the system business- and product-agnostic, but Settlement progress can still be tracked.

Cost Structure

Costs are proportional to usage, based on the number of Markets in use and the numbers of Orders and Fills processed through those Markets. A level of usage is free, allowing potential customers to explore production functionality without financial commitment.