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HFT Core Systems

HFT CORE SYSTEMS

Order management, drop copy, and reconciliation

Lesson 78 of 96Phase 07: Electronic trading systems
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The written objectives and hands-on lab are available now.

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Learning objectives

What you should understand

  1. Maintain authoritative order and execution state
  2. Consume independent drop-copy evidence
  3. Detect and resolve internal/external divergence

Lab

Hands-on exercise

Inject missed acknowledgements and reconcile against a drop-copy stream.

Deliverable

Evidence of completion

A reconciliation report showing discrepancy detection and resolution.

Prerequisite
EP 77

Phase 07

Electronic trading systems

Full curriculum
69Market microstructure for systems engineers70Feed transport, packet headers, and sequencing71Nasdaq ITCH decoding with schema discipline72Feed arbitration, gap detection, and recovery73L1, L2, and L3 limit-order-book design74Book data structures by instrument domain75FIX tag-value, FAST, and SBE are different tools76Order entry: OUCH lifecycle and session state77Pre-trade risk as a controlled system78Order management, drop copy, and reconciliation79Deterministic replay and exchange simulation80Phase gate: market-data plant and order gateway