Get the latest tech news

How exchanges turn order books into distributed logs


Every modern exchange is a distributed database in disguise. This article reveals how trading engines transform chaotic streams of buy and sell orders into a perfectly ordered, replayable log, ensuring fairness, determinism, and market data reliability.

None

Get the Android app

Or read this on Hacker News

Read more on:

Photo of exchanges

exchanges

Photo of order books

order books

Photo of distributed logs

distributed logs

Related news:

News photo

Anti-abortion group accused of electronically intercepting patients’ exchanges with clinic

News photo

Russia Close to Starting Trials of Crypto Payments, Exchanges

News photo

Thoughts on low latency trading if exchanges went full cloud