Transaction Cost Analysis: A 2026 System Architecture
A 2026 architecture for a transaction cost analysis (TCA) system: benchmarks, the data pipeline, slippage decomposition, and execution-quality reporting.
Digital Twin in Finance: Architecture & Use Cases (2026)
Digital twin in finance in 2026: what a financial digital twin really models, reference architecture, risk and liquidity simulation, and honest limits.
Implementation Shortfall Execution Algorithm: Architecture
A 2026 system-design walkthrough of an implementation shortfall execution algorithm: the Almgren-Chriss frontier, scheduling, the slicer, and TCA feedback.
VWAP Execution Algorithm: System Architecture (2026)
A 2026 system-design walkthrough of a VWAP execution algorithm: volume curve forecasting, scheduling, the slicing engine, and transaction cost analysis.
Perpetual Futures Funding-Rate Engine: Architecture (2026)
A 2026 systems design for a perpetual futures funding-rate engine: index/mark price, premium aggregation, settlement scheduling, and failure modes.
Smart Order Routing Engine Architecture (2026)
A 2026 systems design of a smart order routing engine: venue selection, latency budgets, best-execution logic, risk checks, and the failure modes that bite.
Pre-Trade Risk Engine Architecture for Low Latency (2026)
How to design a low-latency pre-trade risk engine in 2026: inline checks, kill switches, state management, and the latency budget, with no trading advice.
Market Data Feed Handler: ITCH & Order Book (2026)
A 2026 systems deep-dive on building a low-latency market data feed handler: ITCH parsing, order book reconstruction, normalization, and failure modes.
Order Book Imbalance Features: A Microstructure Design
A systems view of order book imbalance features in 2026 — computing OFI, queue imbalance, and microprice from L2 data, plus the engineering pitfalls.
Streaming Trade Data into Iceberg: 2026 Architecture for Fintech
An Iceberg-first architecture for streaming trade data — Kafka Tableflow, compaction, time travel for surveillance, and cost trade-offs.