Summary

This chapter navigated the design and architecture of high-performance, low-latency financial trading systems. We discussed the importance of designing a system that can process vast amounts of data quickly and reliably, with a focus on redundancy and failover mechanisms. We also emphasized the need to consider the interdependence of various system components, such as the market data system and OMS, and the execution and trade management systems.

First, we explored the trade-offs between performance and cost, highlighting the need to balance the benefits of high-performance computing techniques with their implementation costs. We also underscored the importance of real-time system performance monitoring and the adoption of best software engineering practices.

Then, we provided a detailed overview of the components of a financial trading system and their interdependence. We emphasized the need for the system to handle high traffic and data volumes, maintain low latency...