Does anybody have any links to good articles/books on the details of how the electronic exchanges actually operate (from a hardware/software perspective)? I'm not finding too much with my Google searches other than ultra basic stuff (i.e: "The NASDAQ is electronic"). Thanks much,
Software functionality e.g: http://www.cmegroup.com/globex/files/PriceBanding.pdf You may find this from www.cmegroup.com Search for "algorithm" or the like.