Implementing the Swiss Exchange trading system
Implementing the Swiss Exchange trading system
复制标题
实施瑞士交易所交易系统
DOI：
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发表时间：
1997
期刊：
影响因子：
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通讯作者：
C. Stanescu
中科院分区：
文献类型：
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作者：
R. Piantoni;C. Stanescu
据我们目前所知，瑞士交易所（SWX）系统是最先进的，第一个完全计算机化的证券交易系统，集交易、清算、结算和会员后台于一体。该系统由两个主要部分组成，ES（交易系统）和TS（交易系统）。ES只有一个由SWX（瑞士交易所）运行的实例，提供允许根据中央订单簿进行交易的核心功能。TS的每个SWX成员至少有一个实例。本文重点介绍了有关TS及其具体要求的方面。在对设计进行简要描述后，本文集中讨论了在解决项目的挑战性和有时相互冲突的要求时遇到的困难，当前的解决方案及其缺点。其他主题涉及开发用于性能预测、评估和调整的工具以及系统的最终测试和部署。
The Swiss Exchange (SWX) system is the most sophisticated, to our current knowledge, first fully computerised, stock exchange system integrating trading, clearing, settlement and member back offices. The system consists of two main components, the ES (Exchange System) and the TS (Trading System). The ES has only one instance run by SWX (Swiss Exchange) providing the core functionality allowing to trade against a central order book. The TS has at least one instance per SWX member. The paper focuses on aspects concerning the TS and its specific requirements. After a brief description of the design the paper concentrates on the difficulties encountered while solving the challenging and sometimes conflicting requirements of the project, the current solutions and their shortcomings. Other topics concern the development of tools for performance prediction, evaluation and tuning and the final testing and deployment of the system.