Distributed server side device architecture

摘要

An electronic trading method is provided. The method includes receiving a trading strategy order having a parent trading strategy including multiple quoting legs; splitting the trading strategy order into multiple child orders; and submitting each of the multiple child orders to exchange systems adapted to fill the quoting legs in the child orders. Each child order includes a child trading strategy having a single quoting leg or a reduced number of quoting legs relative to the parent trading strategy. The child trading strategies are the same as the parent trading strategy except for the number of legs marked as quoting legs. The method may be performed by a trading strategy device disposed between a client device and multiple server side devices.

主权项

1. A method comprising:
receiving, by a computing device, a trading strategy order having a plurality of quoting legs and at least one hedge leg; determining, by the computing device, that the trading strategy order includes the plurality of quoting legs; in response to determining that the trading strategy order includes the plurality of quoting legs, generating, by the computing device, a plurality of child orders, each child order of the plurality of child orders including at least one child quoting leg and at least one child hedge leg, where each child order includes a number of child quoting legs less than a number of the plurality of quoting legs of the trading strategy order, and where a number of the plurality of child orders and the number of child quoting legs for each child order are determined based on any one of latency, physical location of a server side device, physical location of an exchange system, trader preference, and exchange capabilities; and submitting, by the computing device, the plurality of child orders for matching.