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Exchange8:VFeeds — external venue feeds

External venue feeds, consolidated BBO, and index quotes: VFeeds consolidates outside-venue BBO, maintains the index quotes the peg and SOR tiers consume, and keeps the external view of the market current for the pricing and routing engines.

Use cases​

  • Consolidated BBO — the outside market's best bid/offer per symbol, refreshed on the venue cadence.
  • Peg inputs — midpoint and market pegs price against VFeeds' consolidated view — the same quote always yields the same peg.
  • SOR context — routing decisions see the external market before committing an order to a venue.

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.