Temple Introduces Lightspeed on Canton
Temple has introduced Lightspeed, a complete reconceptualization of private market infrastructure on Canton. Built to improve usability, speed, and overall performance, Lightspeed is designed to help scale institutional markets on distributed networks.
Built for Speed and Scale
After six months of extensive research and development, Temple says Lightspeed is capable of supporting sub-10ms matching and faster order processing while maintaining full composability with assets and applications on Canton. Its horizontally scalable architecture can process over 100,000 orders per second, making Temple the fastest native trading system that leverages the global synchronizer.
New Features and Platform Improvements
Lightspeed launches with a wide range of new features and platform improvements aimed at enhancing the trading experience on Canton.
New features include market orders, allowing users to execute trades instantly at the best available price, and a real-time orderbook with live depth and fills updated as trades occur with sub-100ms updates. Temple has also introduced a new SDK and API with production-grade tooling for builders, including streaming data support through WebSockets.
Order Types, Funding, and Offchain Actions
The update also adds a new post-only order type, ensuring orders either rest on the book or are rejected, without taking liquidity. A new deposit and withdrawal system has been introduced to streamline account funding, while offchain order placement and cancellations now allow users to place and cancel orders instantly without fees.
Fewer Restrictions
Additional restrictions have also been removed. Order placement is no longer limited by price bounds following the removal of the collar, and there is now no cap on concurrent open orders. Lightspeed also includes full light mode support across the platform.
Looking Ahead
Temple said it is privileged to use its extensive experience building on Canton to provide the best trading platform on the network, and looks forward to onboarding more markets, assets, and clients in the coming months.
If you want it even closer to a pure press release format, I can also remove a couple of the shorter subheadings and make it read more like an official announcement.
