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Doug Patti is a developer in Jane Street’s Client-Facing Tech team, where he works on a system called Concord that undergirds Jane Street’s client offerings. In this episode, Doug and Ron discuss how Concord, which has state-machine replication as its core abstraction, helps Jane Street achieve the reliability, scalability, and speed that the client business demands. They’ll also discuss Doug’s involvement in building a successor system called Aria, which is designed to deliver those same benefits to a much wider audience. Some links to topics that came up in the discussion: Jane Street’s electronic trading platforms: https://www.janestreet.com/institutio... The FIX protocol: https://www.investopedia.com/terms/f/... More on market data and multicast: https://signalsandthreads.com/multica... UDP multicast: https://en.wikipedia.org/wiki/Multicast Reliable multicast: https://en.wikipedia.org/wiki/Reliabl.... Kafka: https://kafka.apache.org/intro You can find the transcript for this episode and all past episodes at signalsandthreads.com.