Alternative to legacy exchange systems

Frame

Many exchange companies run on spreadsheets, legacy desktop software, or software built in-house. These options look cheap but cost over time: manual errors, hard audits, slow partner settlements, and no verifiable proof.

Honest comparison

Criterion	Spreadsheet	Legacy desktop	In-house build	TEQ
Tamper-evident double-entry	no	rare	depends on build	yes
In-flow sanctions screening	no	sometimes	must build	yes
Instant partner settlements	no	manual	must build	yes
Unified tracking across companies	no	no	must build	yes
Offline field agent	no	sometimes	must build	yes
Maintenance and security	your burden	your burden	your burden	the platform
Data ownership	full	full	full	full on your devices

When in-house is justified

When the company is very large and has a permanent engineering team able to maintain security, compliance, and banking integration. For most, the hidden maintenance cost exceeds a specialized platform subscription.

When TEQ is the right alternative

You want a ledger that ends partner disputes.
You want instant settlements instead of exchanged Excel files.
You want agents that work offline and sync later.
You want a white-label client portal in your identity.
You want full data ownership with up-to-date infrastructure.

Next step

Compare plans on the pricing page, or request an instant demo.

FAQ

Why isn't a spreadsheet enough for a small exchange company?

A spreadsheet doesn't enforce double-entry or screen sanctions automatically, and every cell is editable, so there's no proof of integrity. As volume grows, manual tracking and settlement become a source of errors and disputes.

Doesn't building in-house give more control?

It gives control but costs continuous maintenance (security, backups, compliance, banking integration). A specialized platform gives you the same control over your data with reliable, continuously-updated infrastructure.

Are legacy desktop systems still enough?

They often run without a central connection and without a unified ledger, so data disperses across branches and audit and partner settlement become manual and slow.