Signals and Threads

State Machine Replication, and Why You Should Care with Doug Patti

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Apr 20, 2022
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ANECDOTE

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.
INSIGHT

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.
ANECDOTE

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.
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