Before getting insight into Exchange simulators, let us discuss first Stock Exchange technical Architecture. For beginners, Stock Exchange or Capital Market Services (apart from Insurance and Banking) is one of the important branches of Financial Services. We can take it as entity having two main constituents i.e. Trading and Clearing. Trading part is concerned with placing orders, and their execution while clearing part is concerned with risk and settlements. Technically, while designing architecture one needs to take into account that stock exchange can have inputs from multiple places like news feed, website data, Statistical reports, Funds Source, Market Data, Indices which is mainly in form of Fax, e-mail, documents(pdf/doc/csv/excel), xml and output is also in similar lines(focusing on Customized Reports). Thus, while designing Stock Exchange Architecture or even in any other type of architecture, we need to focus on these various types of inputs/outputs. I am hereby giving only Broadview of how Stock Exchange architecture can be designed.
In case anyone requires more insight into any of the above blocks or wants more specific information on architecture designing then do let me know. In my next blog, we will look at why Exchange Simulators are required and their internal architectures.
Please note that we look at Business Process Managers/Automating Entire Process/Business Rules Engine/DataBase Selection/Input-Output Parsing in my other article which will entirely focus on "customized architecture designing".
