The Informatics of the Equity Markets - A Collaborative Approach

Abstract

This paper aims to provide a high-level overview upon the information technology that supports the electronic transactions performed on the equity markets. It is meant to offer a succinct introduction to the various technologies tailored to tackle the data transfer between the participants on an equity market, the architectural approaches regarding trading system design, and the communication in a collaborative distributed computing environment. Our intention here is not to provide solutions, or to propose definitive designs, merely to scratch the surface of this vast domain, and open the path for subsequent researches.

Keywords

• securities exchange
• stock order flow
• trading system architecture
• distributed computing
• middleware
• collaborative system
• order-matching algorithm