What's the Difference Between a Service Provider and a Trading System?

Doug Patti is a developer in Jane Street’s Client-Facing Tech team, where he works on a system called Concord that undergirds Jane Street’s client offerings. In this episode, Doug and Ron discuss how Concord, which has state-machine replication as its core abstraction, helps Jane Street achieve the reliability, scalability, and speed that the client business demands. They’ll also discuss Doug’s involvement in building a successor system called Aria, which is designed to deliver those same benefits to a much wider audience.

You can find the transcript for this episode  on our website.

Some links to topics that came up in the discussion:

• Jane Street’s client-facing trading platforms
• A Signals and Threads episode on market data and multicast which discusses some of the history of state-machine replication in the markets.
• The FIX protocol
• UDP multicast
• Reliable multicast
• Kafka