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Depending on your POV, financial exchanges are a great/awful example of the "behind the surface" complexity of modern life. You'd think with only a few order ty
by fovc 6y ago
Depending on your POV, financial exchanges are a great/awful example of the "behind the surface" complexity of modern life. You'd think with only a few order types and not that many tickers you could stand up an exchange using rust in a few nights and weekends, no? fsync liberally, pay colin his tarsnap dues, and off you go! /s
- smabie 6y agoYeah you probably could. The problem is that major exchanges like nyse or cme have hundreds of order types and absolutely staggering volume. Not to mention the billions of dollars on the line as well.
- paxys 6y agoTrading systems are generally regarded to be some of the most challenging and simultaneously unrewarding type of engineering out there. I don't think there is anyone, even on HN, who will look at the NYSE platform and go "I could build that in a weekend".