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.
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.
TWAP Execution Algorithm Architecture: Design & Slippage (2026)
TWAP execution algorithm architecture — order slicing, randomization, microstructure modeling, slippage measurement, and where TWAP fails vs VWAP/IS.