

State Machine Replication, and Why You Should Care with Doug Patti
100 snips Apr 20, 2022
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Concord's Origin
- Concord was built to manage Jane Street's new bilateral client relationships.
- This was a departure from their typical exchange-based trading, requiring new responsibilities.
Service Provider Responsibilities
- Providing a trading platform to clients, unlike simply trading on an exchange, demands high reliability and availability.
- This includes fast turnaround times, audit trails, and uptime guarantees.
Order Flow in Concord
- A client connects to Jane Street's server and sends an order.
- The order attempts to match with Jane Street's trading desk orders, and if successful, the execution is sent to the client, the desk, and a regulatory agency.