Exchange market data protocols

Exchange market data protocols are not the focus of this book, so a rigorous treatment of this topic is beyond the scope of this book. These market data protocols are outgoing communication streams from the exchange to all market participants that are well-documented for new participants to build their software applications to subscribe, receive, decode, and check for errors and network losses. These are designed with latency, throughput, error tolerance, redundancy, and many other requirements in mind.

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