research-article

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CloudEx: a fair-access financial exchange in the cloud

Authors:

Ahmad Ghalayini,

Vighnesh Sachidananda,

Balaji Prabhakar,

Mendel Rosenblum,

Anirudh SivaramanAuthors Info & Claims

HotOS '21: Proceedings of the Workshop on Hot Topics in Operating Systems

Pages 96 - 103

https://doi.org/10.1145/3458336.3465278

Published: 03 June 2021 Publication History

Abstract

Financial exchanges have begun a move from on-premise and custom-engineered datacenters to the public cloud, accelerated by a rush of new investors, the rise of remote work, cost savings from the cloud, and the desire for more resilient infrastructure. While the promise of the cloud is enticing, the cloud's varying network latencies can lead to market unfairness: orders can be processed out of sequence, and market data can be disseminated to market participants at incorrect times due to varying latencies between participants and the exchange. We present CloudEx, a fair-access cloud exchange, which leverages high-precision software clock synchronization to compensate for noisy network conditions in the public cloud. We also discuss refinements to the CloudEx design that were informed by lessons learned from deploying CloudEx in two academic courses and conclude by outlining future research directions.

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Cited By

Haseeb MGeng JButler UHao XDuclos-Cavalcanti DSivaraman ASekar VYu MSeneviratne AVeitch D(2024)POSTER: Jasper, A Scalable and Fair Multicast for Financial Exchanges in the CloudProceedings of the ACM SIGCOMM 2024 Conference: Posters and Demos10.1145/3672202.3673728(36-38)Online publication date: 4-Aug-2024
https://dl.acm.org/doi/10.1145/3672202.3673728
Maruf HZhong YWang HChowdhury MCidon AWaldspurger C(2023)Memtrade: Marketplace for Disaggregated Memory CloudsProceedings of the ACM on Measurement and Analysis of Computing Systems10.1145/35899857:2(1-27)Online publication date: 22-May-2023
https://dl.acm.org/doi/10.1145/3589985
Ryan LAddison APrins RBardsley DMikhaylov EWakefield BO’Grady MSepulveda E(2023)High Frequency Trading on a Low-Latency Fabric in a Cloud Environment2023 IEEE 12th International Conference on Cloud Networking (CloudNet)10.1109/CloudNet59005.2023.10490071(68-76)Online publication date: 1-Nov-2023
https://doi.org/10.1109/CloudNet59005.2023.10490071

Index Terms

CloudEx: a fair-access financial exchange in the cloud

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Published In

cover image ACM Conferences

HotOS '21: Proceedings of the Workshop on Hot Topics in Operating Systems

June 2021

251 pages

ISBN:9781450384384

DOI:10.1145/3458336

General Chair:
Sebastian Angel
University of Pennsylvania
,
Program Chairs:
Baris Kasikci
University of Michigan
,
Eddie Kohler
Harvard University

Copyright © 2021 ACM.

Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than the author(s) must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected].

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Published: 03 June 2021

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HotOS '21: Workshop on Hot Topics in Operating Systems

June 1 - 3, 2021

Michigan, Ann Arbor

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Cited By

Haseeb MGeng JButler UHao XDuclos-Cavalcanti DSivaraman ASekar VYu MSeneviratne AVeitch D(2024)POSTER: Jasper, A Scalable and Fair Multicast for Financial Exchanges in the CloudProceedings of the ACM SIGCOMM 2024 Conference: Posters and Demos10.1145/3672202.3673728(36-38)Online publication date: 4-Aug-2024
https://dl.acm.org/doi/10.1145/3672202.3673728
Maruf HZhong YWang HChowdhury MCidon AWaldspurger C(2023)Memtrade: Marketplace for Disaggregated Memory CloudsProceedings of the ACM on Measurement and Analysis of Computing Systems10.1145/35899857:2(1-27)Online publication date: 22-May-2023
https://dl.acm.org/doi/10.1145/3589985
Ryan LAddison APrins RBardsley DMikhaylov EWakefield BO’Grady MSepulveda E(2023)High Frequency Trading on a Low-Latency Fabric in a Cloud Environment2023 IEEE 12th International Conference on Cloud Networking (CloudNet)10.1109/CloudNet59005.2023.10490071(68-76)Online publication date: 1-Nov-2023
https://doi.org/10.1109/CloudNet59005.2023.10490071
Geng JSivaraman APrabhakar BRosenblum M(2022)NezhaProceedings of the VLDB Endowment10.14778/3574245.357425016:4(629-642)Online publication date: 1-Dec-2022
https://dl.acm.org/doi/10.14778/3574245.3574250

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