Reading Time: 2 minutes Knoldus is excited to announce the arrival of Financial Service Week from October 25, 2021 – October 30, 2021. This week will give you a 360-degree tour of everything you need to know while working with Financial Technologies. Walking through the statistics, the number of FinTech startups worldwide has grown from 12,131 in 2018 to 20,925 in 2020, thus an increment of this stunning 72% Continue Reading
Reading Time: 2 minutes As the 12 factor app states, that each component of an application should work independent of each other. This is required in order to make the update process simpler. This is where many developers use architectural pattern, commonly known as hexagonal architecture. The main aim of this architecture is to divide the application into loosely couple components. These components can then be connected using ports Continue Reading
Reading Time: 2 minutes Submitting an order is not an easy task. It becomes handy when some information is known in advance to decide the order details that needs to be submitted. This is where pre-trade messages come in place. They help to retrieve the information about the securities and market conditions. This can help the broker or the trader to make sure if they have sufficient funding or Continue Reading
Reading Time: 3 minutes Java 11 comes up with a lot of new features, thus easing out the life of a programmer. In this blog, I will discuss some of them. First and foremost great news about java 11, we need not to compile the java source file using command javac. A java program can now easily run using java command as the compilation happens implicitly. Lambda Parameter Syntax: Continue Reading
Reading Time: 3 minutes It is a common saying, “What you do in early in the morning depicts the rest of your day”. So is true in the life of a trader. It is an extremely important task for traders to analyze the pre-market trading stock market even if they don’t intend to trade during those hours. This will help them to master the technique in order to get Continue Reading
Reading Time: 2 minutes What is Pre-market Trading? Pre-market trading refers to activity in the stock market that happens before the regular market session opens. During the regular hours, many brokers find the stock market extremely crowded and hence, they prefer a less packed time to trade i.e. either during pre-market or post market. In this blog, we will learn all about the pre-market trading. A pre-market trade is Continue Reading
Reading Time: 4 minutes This blog will explain the principles of the 12 factor app. These principle basically eliminate the unnecessary ache required while building your application. It makes the development process smooth, thus resulting in a robust and reliable application. 1. Codebase: A twelve-factor app states that a single app should not have multiple codebases, otherwise it is a distributed system instead of an app. Also, multiple apps Continue Reading
Reading Time: 2 minutes In this blog, we will go through the concepts of higher order functions and closures in Scala with the help of example. 1. Higher Order Functions A higher order function takes other functions as parameter or returns a function as a result. Let us understand it better with the help of examples: a) When a method is passed as an argument: Output: Open In the Continue Reading
Reading Time: 3 minutes The concept of JPMS i.e. Java Platform Module System came in Java 9. Its development was first started in 2005 and finally in 2017, this concept came under the project named Jigsaw. Until Java 8, we used jar files for packaging and bundling the application, but from Java 9 onward, we will be using modules for that. Modularity is the basic rule of good software Continue Reading
Reading Time: 3 minutes In the last blog, we learned a few updates in Process API of Java 9. In this blog, we will be learning some more new features which were not present until Java 8, so let’s begin. The new features are as follows: Process Handle : It is used to handle the processes like access current running process, access the parent/child of a particular process Process Continue Reading
Reading Time: 3 minutes Process API is a feature of Java which already exists until Java 8, but with the release of Java 9, there were a lot of new features which came up. Issue with Process API until Java 8 What if I want to develop a device driver software or Operating System? Interaction with system level component was not suitable until Java 8. The process communication with Continue Reading
Reading Time: 3 minutes In my last blog, we went through the basic aspect of FIX protocol PROS and Cons. In this blog, we will understand the anatomy of FIX protocol which will cover the basic architecture and building blocks of FIX. FIX Protocol Architecture FIX consists of 2 main layers : Session layer : This layer aims to provide high performance. It deals with initialisation, maintenance and termination Continue Reading
Reading Time: 2 minutes FIX stands Financial Information Exchange. The protocol is a highly scalable electronic communication protocol to facilitate real time exchange of information related to financial market. It has become the standard method of pre-trade, trade and post-trade communication. Market participants including banks, hedge funds, prime brokers etc, utilise FIX for their own trading means all to connect directly to clients. It is a full-fledged liquidity provider.
