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SUMMARY:How to Build an Exchange - Gabor Szarka\, JaneStreet
DTSTART:20181023T121500Z
DTEND:20181023T133000Z
UID:TALK113281@talks.cam.ac.uk
CONTACT:Jan Samols
DESCRIPTION:Electronic exchanges play an important role in the world finan
 cial system\, acting as focal points where actors from across the world me
 et to trade with each other.\nBut building an exchange is a difficult tech
 nical challenge\, requiring high transaction rates\, low\, deterministic r
 esponse times\, fairness\, and reliability.\nThis talk looks at the questi
 on of how to design an exchange through the lens of JX\, a crossing engine
  we built at Jane Street. Performance plays an interesting role in this de
 sign\, in that\, although the end-to-end latency of the system is not impo
 rtant in and of itself\, the ability of individual components of JX to han
 dle messages rates in the 500k/sec range with latencies in the single-digi
 t microseconds helped us build a replicated system that is both simple and
  robust.\n
LOCATION:FW26\, Computer Laboratory
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