Hybrid exchange is a hybrid of centralized and decentralized exchange. I have not used such exchanges. But I really like the idea. I wait when the team implement the IEX project.
The hybrid sounds very interesting. I would like to try this exchange option. If this technology combines the speed of the CEX interface and the reliability of the DEX, then this will be a success!
I think that this exchanger will be very difficult to implement, but it is quite possible, I like the idea myself, but this process will take a lot of time.