Exchange8:MD — consolidated market data
The consolidated market-data publisher: it consumes matching-engine order/trade/status events and produces the public market-data tiers — BBO, trades, and depth — for members, the app, and downstream analytics.
Use cases
- Public data tiers — the venue's authorized public data derives from the ME event stream; entitlement tiers gate depth visibility.
- Streaming delivery — SSE/WebSocket tiers ride the platform's transport conventions; REST snapshots for the app.
- Deterministic publication — the same trade stream always produces the same published series.
Full documentation
The complete detail lives in this product's sub-pages:
- Architecture (DDD) — the full document, harvested from the unit's repository at build time.
- Business rules (BRD) — the full document, harvested from the unit's repository at build time.
- Security — the full document, harvested from the unit's repository at build time.
- Overview (repo README) — the maintainer's README in the consolidated reference section.