The parallelization challenge you describe is exactly why major exchanges like ICE had to completely rethink their architecture over the last two decades. What's intresting is how the shift from floor trading to electronic systems actually made fairness harder to achieve, not easier like most people assumed. The atomic clock solution is fascinating but also shows how far the industry had to go just to maintain the same level playing field that used to exist naturaly. It's a reminder that technological advancement doesn't always simplify core business requirements.
So, yes? You're right, it is easier to maintain fairness in the floor with everyone shouting at each other. It's also not very scalable. This is the kind of situation where technology has unearthed an interesting trade-off between fairness and scalability. And it is our task as builders to engage in it.
The parallelization challenge you describe is exactly why major exchanges like ICE had to completely rethink their architecture over the last two decades. What's intresting is how the shift from floor trading to electronic systems actually made fairness harder to achieve, not easier like most people assumed. The atomic clock solution is fascinating but also shows how far the industry had to go just to maintain the same level playing field that used to exist naturaly. It's a reminder that technological advancement doesn't always simplify core business requirements.
So, yes? You're right, it is easier to maintain fairness in the floor with everyone shouting at each other. It's also not very scalable. This is the kind of situation where technology has unearthed an interesting trade-off between fairness and scalability. And it is our task as builders to engage in it.