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Quantitative Finance · Glossaire

Qu'est-ce que « Hardware trigger, cut-through decision » ?

Aussi appelé : hardware trigger · cut-through decision

Definition 7.1 Networks, Hardware and Trading Infrastructure · Chapitre 7 — Programmable Hardware II: Trading Designs

A hardware trigger is logic on a network card that watches a market-data stream for a condition set in advance by software (a price crossing a threshold, a trade on a given instrument) and, when it occurs, starts an order without the host’s involvement. A cut-through decision is a decision taken as soon as the bytes it depends on have arrived, before the frame that carries them has ended or been checked.

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