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SUMMARY:State machine replication and the modern exchange - Sebastian Funk
 \, JaneStreet
DTSTART:20161101T131500Z
DTEND:20161101T140500Z
UID:TALK68623@talks.cam.ac.uk
CONTACT:Jan Samols
DESCRIPTION:Electronic exchanges play an important role in the world's fin
 ancial system\, acting as focal points where actors from across the world 
 meet to trade with each other.\n\nBut building an exchange is a difficult 
 technical challenge\, requiring high transaction rates\, low\, determinsti
 c response times\, and serious reliability.\n\nWe'll look at the question 
 of how to design an exchange through the lens of JX\, a system that\, whil
 e not an exchange\, is similar in design to many major US exchanges. JX is
  designed from the ground up around\nstate machine replication\, a classic
  distributed systems technique.\n\nThis choice has profound effects on the
  resulting system\, providing a simple framework for building a reliable p
 latform\, while at the same time requiring very careful performance engine
 ering to make it work\neffectively. We'll discuss the pros and cons of the
  design\, and consider the lessons it provides for other transaction proce
 ssing systems.\n
LOCATION:FW26\, Computer Laboratory
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