Specifications

7
High Performance Trading/Algo Speed with Wombat Design and Implementation Guide
OL-15617-01
Automated Trading Architecture
Figure 3 shows a high-level view of the automated trading architecture.
Figure 3 Automated Trading—High Level Architecture
Financial Information
Providers
(Reuters, Bloomberg,
Thomson)
Exchanges, Markets,
Liquidity Venues
(Nasdaq, Arca, INET.
Market Makers)
223253
Order/
Transactional
Infrastructure
(Statefull)
Market Data
Infrastructure
(Stateless)
Market Data Feeds
Orders
Direct Market
Access
Execution Engines
(Servers)
Boundary of the Firm