Agent trade servers in financial exchange systems

  • Authors:
  • David Lybäck;Magnus Boman

  • Affiliations:
  • symbolFactory, Stockholm, Sweden;Swedish Institute of Computer Science (SICS) AB and The Royal Institute of Technology, Stockholm, Sweden

  • Venue:
  • ACM Transactions on Internet Technology (TOIT)
  • Year:
  • 2004

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Abstract

New services based on the best-effort paradigm could complement the current deterministic services of an electronic financial exchange. Four crucial aspects of such systems would benefit from a hybrid stance: proper use of processing resources, bandwidth management, fault tolerance, and exception handling. We argue that a more refined view on Quality-of-Service control for exchange systems, in which the principal ambition of upholding a fair and orderly marketplace is left uncompromised, would benefit all interested parties.