Agent trade servers in financial exchange systems

TL;DR

This paper explores the integration of best-effort services into electronic financial exchange systems, emphasizing resource management, fault tolerance, and quality-of-service control to enhance system efficiency without compromising fairness.

Contribution

It introduces a hybrid approach to service provisioning in financial exchanges, balancing deterministic and best-effort paradigms for improved system performance.

Findings

Proposes a refined QoS control model for exchange systems

Highlights benefits of hybrid service paradigms

Addresses resource and fault management challenges

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.