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Developing High-Frequency Trading Systems

You're reading from  Developing High-Frequency Trading Systems

Product type Book
Published in Jun 2022
Publisher Packt
ISBN-13 9781803242811
Pages 320 pages
Edition 1st Edition
Languages
Authors (3):
Sebastien Donadio Sebastien Donadio
Profile icon Sebastien Donadio
Sourav Ghosh Sourav Ghosh
Profile icon Sourav Ghosh
Romain Rossier Romain Rossier
Profile icon Romain Rossier
View More author details

Table of Contents (16) Chapters

Preface 1. Part 1: Trading Strategies, Trading Systems, and Exchanges
2. Chapter 1: Fundamentals of a High-Frequency Trading System 3. Chapter 2: The Critical Components of a Trading System 4. Chapter 3: Understanding the Trading Exchange Dynamics 5. Part 2: How to Architect a High-Frequency Trading System
6. Chapter 4: HFT System Foundations – From Hardware to OS 7. Chapter 5: Networking in Motion 8. Chapter 6: HFT Optimization – Architecture and Operating System 9. Chapter 7: HFT Optimization – Logging, Performance, and Networking 10. Part 3: Implementation of a High-Frequency Trading System
11. Chapter 8: C++ – The Quest for Microsecond Latency 12. Chapter 9: Java and JVM for Low-Latency Systems 13. Chapter 10: Python – Interpreted but Open to High Performance 14. Chapter 11: High-Frequency FPGA and Crypto 15. Other Books You May Enjoy

Comparing kernel space and user space

We touched upon the concepts of kernel and user space in the previous chapter. To refresh our memory, some privileged commands/system calls can only be made from kernel space, and this design is intentional so that errant user applications cannot harm the entire system by running whatever commands they want. The inefficiency from the perspective of an HFT application is that if it needs to make system calls, it requires a switch to kernel mode and possible context switches, which slows it down, especially if the system calls are made quite often on the critical code path. Let's formally wrap up the discussion in this section.

What is kernel and user space?

The kernel is the core component of all modern OSs. It has access to all the resources – memory, hardware devices, and interfaces, essentially everything on the machine. Kernel code has to be the most tested code that is allowed to run in kernel mode or kernel space to maintain...

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