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Tag Archives: FlyWheel
One day after BetFair’s PR move, the very active event derivative traders are still very displeased by the new BetFair “premium charges”.
I have re-published yesterday’s BetFair Q & A at the bottom of my previous post —because that’s the post that Google features, bringing in 300 people a day. – My analysis of this PR debacle: BetFair has a very complex … Continue reading
Posted in Analysis (Industry), Business, Exchange & Market Management, Exchanges & Markets, Internet Marketing - Internet Commerce
Tagged bet exchanges, BetFair, BetFair charges, BetFair costs, BetFair fee structure, BetFair fees, BetFair trading technology, betting exchanges, betting markets, Ethics, event derivative exchanges, event derivative markets, FlyWheel, FlyWheel Lite, prediction exchanges, prediction markets, Premium Charges, The Sporting Exchange, transaction charges, transaction costs, transaction fees
1 Comment
BetFair and TradeFair’s trading engines
by Mat Youill If you are reading this item from within a feed reader, and you don’t see the embedded slides just below, do download this post. Matt Youill Betfair View SlideShare presentation or Upload your own. (tags: qconlondon2008 qcon)
Posted in Exchanges & Markets, Information Technology, Software
Tagged bet exchanges, bet management, bet matching, bet matching logic, BetFair, betting exchanges, betting makets, event derivative exchanges, event derivative markets, exchange engine, FlyWheel, FlyWheel Lite, Mat Youill, Pipelines, prediction exchanges, prediction markets, TradeFair, trading engines, trading systems, transaction engine, transaction processing
2 Comments
Because the BetFair trading engine handles a huge number of small bets, they had to lower its cost per transaction.
Matt Carter (Director of the Advanced Technology Group at BetFair), interviewed by Silicon: Matt Carter, Betfair director of architecture and advanced technology, explained to silicon.com customer trends are moving towards a high volume of small-value bets, which, in turn, produce … Continue reading
Posted in Business, Exchanges & Markets, Market Liquidity
Tagged Advanced Technology Group, BetFair, Betfair director, director of architecture and advanced technology, Director of the
Advanced Technology Group, event derivative markets, event derivatives, FlyWheel, Matt Carter, prediction markets, Software
4 Comments
FlyWheel = BetFair’s advanced trading engine
Silicon: [...] In the end, the R&D team came up with a betting engine, called FlyWheel, that could demonstrate a throughput of almost 100,000 transactions per second, while also reducing the cost per transaction by 200 times. Even with a … Continue reading