Discussion:
Linux-based Stock Market Server
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Bob
2006-06-26 15:03:06 UTC
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Hello,

I have to build a linux-based server for a new stock market.
It is not a game; it must work for real business. Is there
anything around that I can build on?

Bob Hunter
Stephen Adams
2006-06-26 17:20:05 UTC
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Post by Bob
Hello,
I have to build a linux-based server for a new stock market.
It is not a game; it must work for real business. Is there
anything around that I can build on?
Can you be more specific about what it is the server needs to do?
Handle price/trade/position feeds from other exchanges? Handle trades?
Do Risk Analysis? Do Compliance? Handle customer accounts?? &c.

-Stephen
--
Space Age Cybernomad Stephen Adams
***@AMgmail.com (remove SPAM to reply)
Bob
2006-06-27 09:58:18 UTC
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Stephen,
Post by Stephen Adams
Can you be more specific about what it is the server needs to do?
sure
Post by Stephen Adams
Handle price/trade/position feeds from other exchanges?
No, it does not need to access other exchanges at this time.
Post by Stephen Adams
Handle trades?
Yes.
Post by Stephen Adams
Do Risk Analysis?
No, not at this time.
Post by Stephen Adams
Do Compliance?
It is an independent market with local requirements, if this is what
you mean.
Post by Stephen Adams
Handle customer accounts?? &c.
WRT the trading business, both sellers and buyers are intended as
customers,
namely both must be registered to the service and have an accounting
service.
The backend for the sellers must involve accounting of stocks.

Think of it like e-bay for faster transactions + an e-commerce backend
for sellers.

Bob
Stephen Adams
2006-06-27 12:55:15 UTC
Permalink
Post by Bob
Stephen,
Post by Stephen Adams
Can you be more specific about what it is the server needs to do?
sure
Post by Stephen Adams
Handle price/trade/position feeds from other exchanges?
No, it does not need to access other exchanges at this time.
OK. That eliminates one very significant bit of work - and some
potentially very expensive software.
Post by Bob
Post by Stephen Adams
Handle trades?
Yes.
But only within the system? That is, one user trading with another
user? Not buying from exchanges, etc. So your basic issue is going
to be offer/execution/clearing/accounting.
Post by Bob
Post by Stephen Adams
Do Compliance?
It is an independent market with local requirements, if this is what
you mean.
By compliance I mean reporting to the various government and industry
regulatory bodies.
Post by Bob
Post by Stephen Adams
Handle customer accounts?? &c.
WRT the trading business, both sellers and buyers are intended as
customers, namely both must be registered to the service and have an
accounting service. The backend for the sellers must involve accounting
of stocks.
Think of it like e-bay for faster transactions + an e-commerce backend
for sellers.
Oh, I see. Well, then you're looking for some kind of on-line auction
or transaction system to start with, not a 'stock' trading system. The
'stock trading' systems I am familiar with are designed to interface with
the major exchanges and handle order execution, clearing, etc.

-Stephen
--
Space Age Cybernomad Stephen Adams
***@AMgmail.com (remove SPAM to reply)
Bob
2006-06-28 22:45:18 UTC
Permalink
Post by Stephen Adams
Post by Bob
Post by Stephen Adams
Handle trades?
Yes.
But only within the system? That is, one user trading with another
user? Not buying from exchanges, etc. So your basic issue is going
to be offer/execution/clearing/accounting.
A seller trading with various potential buyers. An auction.
Post by Stephen Adams
Post by Bob
Post by Stephen Adams
Do Compliance?
It is an independent market with local requirements, if this is what
you mean.
By compliance I mean reporting to the various government and industry
regulatory bodies.
At the end of the day, any business has got to do it.
Post by Stephen Adams
Post by Bob
Post by Stephen Adams
Handle customer accounts?? &c.
WRT the trading business, both sellers and buyers are intended as
customers, namely both must be registered to the service and have an
accounting service. The backend for the sellers must involve accounting
of stocks.
Think of it like e-bay for faster transactions + an e-commerce backend
for sellers.
Oh, I see. Well, then you're looking for some kind of on-line auction
or transaction system to start with, not a 'stock' trading system. The
'stock trading' systems I am familiar with are designed to interface with
the major exchanges and handle order execution, clearing, etc.
We use 'stock' in the traditional sense, namely pre-retail quantities
of
goods such as oranges, cofee, and so forth.

The systems you mention are fast online auctions that can be used to
trade pretty much everything. At this time our project is not funded,
but
we hope to get some if the system goes on gear. This means that any
substantial help is presently acknowledged with a men-of-honour
handshake, eventually leading to a check. We really count on being
able to pay back in bucks, as it means that the project was successful.

Bob

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