![[High-Performance C++ Engine #3] Multi-Exchange (Primary + ATS) Real-Time 10-Level OrderBook Synthesis & Out-of-Order Determinism](/images/cpp_hts_market_data_engine_series/img_part3_multi_exchange_state_projection.webp)
Multi-Exchange (Primary + ATS) Real-Time 10-Level OrderBook Synthesis & Out-of-Order Determinism
How we deterministically synthesize Primary Exchange and Alternative Exchange (ATS) orderbooks in real time, and prevent out-of-order races between Expecte…