Design a Stock Exchange

Advanced · 24 min read · High-Level Design, Case Studies: Advanced

Order books, price-time matching, sequencing, determinism and low latency.

This is an Advanced lesson, part of Premium. What it covers:

• 1. Clarify the problem
• 2. Requirements
• 3. Capacity estimation
• 4. Order book and matching
• 5. API
• 6. High-level design
• 7. Deep dives
• 8. Failure modes
• 9. Trade-offs summary
• 10. What interviewers look for
• Interview questions
• Practice
• Further reading

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