리서치

인프라 밑단에서 쓴 노트

거래소에 연결하고 측정하며 알게 된 것을 기록해, 다음 팀이 같은 것을 다시 찾아 헤매지 않도록 합니다. 가격 예측도, 시그널도 없습니다.

전체 clocks connectivity design errors infrastructure latency market-making methodology monitor orders placement risk venues

26 10월 2026
읽는 데 3분

Where the matching engines live, and why most of crypto now sits in Tokyo

A trading server's most important setting is its location. Venues do not advertise where their matching engines run, but enough is public to draw the map. As of autumn 2026 it has one centre of gravity.