Use WebTransport for streaming market data
This space is to discuss the pros/cons and your opinion on Webtransport, and if it can be successfully used for internet streaming of stock prices. This article presents the background information and the current delivery protocol.
Answers
-
Hi @Gurpreet ,
I think WebTransport for market data is a very interesting idea that you bring to the table, and feel is definitely worth discussing more.
The limitations that I am thinking of, are probably the same ones, that you have pinpointed in the article:
- WebTransport is best suited for quotes distribution, rather then trades, and may allow to move beyond to 3/sec golden standard for quotes
- Organizations where adoption of the new technology is governed by the strict rules based on technology maturity, may not be able to adopt immediately, but it becomes a question of time- they may do so in the long run.
- A testable proof of concept/preview may be helpful to learn more...
0 -
Hi @Gurpreet
While it appears WebTransport is suitable for streaming solutions that can tolerate missing packets, video, music, gaming, it is important to evaluate what this could mean for market data that my not be as tolerable. While it can be true that:
"In streaming marketdata world, a missed packet containing information about the stock price update is not as critical, since a subsequent packet will update the price anyways."for high volume trading environments where users are looking at screens and may never notice missing quotes or trades because a new one comes in immediately after the missing one. However, how do we protect situations where we have lower trading volume, and a missing trade is not immediately replaced - minutes could pass. It's still a question how we could address this scenario.
2
Categories
- All Categories
- 6 AHS
- 37 Alpha
- 161 App Studio
- 4 Block Chain
- 4 Bot Platform
- 16 Connected Risk APIs
- 47 Data Fusion
- 30 Data Model Discovery
- 608 Datastream
- 1.3K DSS
- 577 Eikon COM
- 4.9K Eikon Data APIs
- 7 Electronic Trading
- Generic FIX
- 7 Local Bank Node API
- Trading API
- 2.7K Elektron
- 1.3K EMA
- 236 ETA
- 519 WebSocket API
- 33 FX Venues
- 10 FX Market Data
- 1 FX Post Trade
- 1 FX Trading - Matching
- 12 FX Trading – RFQ Maker
- 5 Intelligent Tagging
- 2 Legal One
- 20 Messenger Bot
- 2 Messenger Side by Side
- 9 ONESOURCE
- 7 Indirect Tax
- 59 Open Calais
- 264 Open PermID
- 39 Entity Search
- 2 Org ID
- PAM
- PAM - Logging
- 8.4K Private Comments
- 6 Product Insight
- Project Tracking
- ProView
- ProView Internal
- 20 RDMS
- 1.4K Refinitiv Data Platform
- 367 Refinitiv Data Platform Libraries
- 3 Refinitiv Due Diligence
- LSEG Due Diligence Portal API
- 3 Refinitiv Due Dilligence Centre
- Rose's Space
- 1.1K Screening
- 18 Qual-ID API
- 13 Screening Deployed
- 23 Screening Online
- 10 World-Check Customer Risk Screener
- 990 World-Check One
- 44 World-Check One Zero Footprint
- 45 Side by Side Integration API
- Test Space
- 3 Thomson One Smart
- 1.2K TR Internal
- Global Hackathon 2015
- 2 Specialists Who Code
- 10 TR Knowledge Graph
- 150 Transactions
- 142 REDI API
- 1.7K TREP APIs
- 4 CAT
- 21 DACS Station
- 117 Open DACS
- 1.1K RFA
- 103 UPA
- 172 TREP Infrastructure
- 224 TRKD
- 886 TRTH
- 5 Velocity Analytics
- 5 Wealth Management Web Services
- 59 Workspace SDK
- 9 Element Framework
- 5 Grid
- 13 World-Check Data File
- Yield Book Analytics
- 46 中文论坛