Part 2:Building a Live Trading Exchange in C++
In this part, we will describe and design the trading applications that make up our ecosystem, which we will be building from scratch in this book – electronic trading exchanges, exchange market data dissemination, order gateways, client market data decoders, and client trading algorithm frameworks. We will implement the matching engine that tracks client orders and performs matching between them. We will also build the components that publish market data for all participants and how it handles client connections and order requests. The focus will be on very low-latency reaction times and high throughput since modern electronic exchanges have thousands of participants and a huge amount of order flow flowing through it.
This part contains the following chapters:
- Chapter 5, Designing Our Trading Ecosystem
- Chapter 6, Building the C++ Matching Engine
- Chapter 7, Communicating with Market Participants
