TY - GEN
T1 - CloudEx
T2 - 18th Workshop on Hot Topics in Operating Systems, HotOS 2021
AU - Ghalayini, Ahmad
AU - Geng, Jinkun
AU - Sachidananda, Vighnesh
AU - Sriram, Vinay
AU - Geng, Yilong
AU - Prabhakar, Balaji
AU - Rosenblum, Mendel
AU - Sivaraman, Anirudh
N1 - Publisher Copyright:
© 2021 ACM.
PY - 2021/6/1
Y1 - 2021/6/1
N2 - 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.
AB - 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.
KW - clock synchronization
KW - fair-Access exchanges
KW - financial exchanges
KW - high-frequency trading
KW - low-latency systems
UR - http://www.scopus.com/inward/record.url?scp=85107841742&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85107841742&partnerID=8YFLogxK
U2 - 10.1145/3458336.3465278
DO - 10.1145/3458336.3465278
M3 - Conference contribution
AN - SCOPUS:85107841742
T3 - HotOS 2021 - Proceedings of the 2021 Workshop on Hot Topics in Operating Systems
SP - 96
EP - 103
BT - HotOS 2021 - Proceedings of the 2021 Workshop on Hot Topics in Operating Systems
PB - Association for Computing Machinery, Inc
Y2 - 1 June 2021 through 3 June 2021
ER -