Parity
An open-source Java platform for building financial trading venues, exchanges, and algorithmic trading agents.
What is Parity?
Parity is an open-source software platform for trading venues that enables users to run financial exchanges, develop algorithmic trading agents, and conduct market microstructure research. It provides a complete suite of server applications, client tools, and libraries specifically designed for high-performance financial trading systems.
Financial institutions, trading firms, researchers, and developers building or operating trading venues, exchanges, or algorithmic trading systems.
Parity offers a fully open-source, modular alternative to proprietary trading platforms, with high-performance components like its order book and matching algorithm, and support for industry standards like FIX.
Overview
Parity is an open-source software platform designed for trading venues, enabling the operation of financial marketplaces, development of algorithmic trading agents, and research into market microstructure. It provides a comprehensive suite of applications and libraries tailored for high-performance financial systems.
Key Features
- Trading System — Server application for running a financial exchange with order matching and trade execution.
- FIX Gateway — Adds Financial Information Exchange (FIX) protocol support for industry-standard connectivity.
- Order Book Library — High-performance order book reconstruction implementation on the JVM.
- Matching Algorithm — Core engine for matching buy and sell orders within the trading system.
- Network Protocols — Specifies and implements custom network protocols for system communication.
- Monitoring Tools — Includes terminal client, stock ticker, and trade reporter for real-time monitoring and interaction.
Philosophy
Parity emphasizes modularity and performance, providing a complete, open-source foundation for building and researching financial trading systems without proprietary constraints.
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