Introduction

The following documentation outlines the design of a self-contained exchange, showcasing the capabilities of the Chronicle Matching Engine. The exchange is built as a packaged, modular application framework that offers:

• Distributed gateways for client connectivity

• Order validation and risk management checks

• Advanced order matching

• Support for multiple order types, including worked orders such as Stops, Icebergs, Pegged Orders, and Hidden Orders

• Multiple time-in-force options, including IOC (Immediate or Cancel), FOK (Fill or Kill), GTT (Good 'Til Time), and GTD (Good 'Til Date)

• Configurable matching controls, such as self-match prevention and controls across specific brokers

• Market data feeds

• Reference data feeds

• Aggregating services, including risk controls, drop copies, and consolidated books

• Scalable, distributed architecture

• High availability and disaster recovery (HA/DR) capabilities