{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,11,21]],"date-time":"2025-11-21T11:31:36Z","timestamp":1763724696029,"version":"3.41.0"},"publisher-location":"New York, NY, USA","reference-count":21,"publisher":"ACM","license":[{"start":{"date-parts":[[2023,9,1]],"date-time":"2023-09-01T00:00:00Z","timestamp":1693526400000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/www.acm.org\/publications\/policies\/copyright_policy#Background"}],"content-domain":{"domain":["dl.acm.org"],"crossmark-restriction":true},"short-container-title":[],"published-print":{"date-parts":[[2023,9,10]]},"DOI":"10.1145\/3603269.3604871","type":"proceedings-article","created":{"date-parts":[[2023,9,1]],"date-time":"2023-09-01T16:16:29Z","timestamp":1693584989000},"page":"550-563","update-policy":"https:\/\/doi.org\/10.1145\/crossmark-policy","source":"Crossref","is-referenced-by-count":9,"title":["DBO: Fairness for Cloud-Hosted Financial Exchanges"],"prefix":"10.1145","author":[{"ORCID":"https:\/\/orcid.org\/0000-0002-9266-8731","authenticated-orcid":false,"given":"Eashan","family":"Gupta","sequence":"first","affiliation":[{"name":"UIUC, Champaign, IL, United States of America"},{"name":"Microsoft Research, Redmond, WA, USA"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"ORCID":"https:\/\/orcid.org\/0000-0001-7945-1821","authenticated-orcid":false,"given":"Prateesh","family":"Goyal","sequence":"additional","affiliation":[{"name":"Microsoft Research, Redmond, WA, United States of America"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"ORCID":"https:\/\/orcid.org\/0000-0002-1901-3157","authenticated-orcid":false,"given":"Ilias","family":"Marinos","sequence":"additional","affiliation":[{"name":"Microsoft Research, Redmond, WA, United States of America"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"ORCID":"https:\/\/orcid.org\/0000-0001-8528-1689","authenticated-orcid":false,"given":"Chenxingyu","family":"Zhao","sequence":"additional","affiliation":[{"name":"University of Washington, Seattle, WA, USA"},{"name":"Microsoft Research, Redmond, WA, USA"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"ORCID":"https:\/\/orcid.org\/0000-0003-4082-7865","authenticated-orcid":false,"given":"Radhika","family":"Mittal","sequence":"additional","affiliation":[{"name":"UIUC, Champaign, IL, United States of America"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"ORCID":"https:\/\/orcid.org\/0000-0002-4175-1404","authenticated-orcid":false,"given":"Ranveer","family":"Chandra","sequence":"additional","affiliation":[{"name":"Microsoft Research, Redmond, WA, United States of America"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"320","published-online":{"date-parts":[[2023,9]]},"reference":[{"key":"e_1_3_2_1_1_1","unstructured":"2013. Data Plane Development Kit (DPDK). http:\/\/dpdk.org\/"},{"key":"e_1_3_2_1_2_1","unstructured":"2017. NYSE XDP Client Specification. https:\/\/www.nyse.com\/publicdocs\/nyse\/data\/XDP_Common_Client_Specification_v2.1e.pdf"},{"key":"e_1_3_2_1_3_1","unstructured":"2019. The Cost Of Exchange Services. https:\/\/finansdanmark.dk\/media\/mstbpq23\/iex-and-market-data-cost-2019.pdf"},{"key":"e_1_3_2_1_4_1","unstructured":"2021. NVIDIA BlueField-2. https:\/\/www.nvidia.com\/content\/dam\/en-zz\/Solutions\/Data-Center\/documents\/datasheet-nvidia-bluefield-2-dpu.pdf"},{"key":"e_1_3_2_1_5_1","unstructured":"2023. Amazon AWS Elastic Fabric Adapter. https:\/\/docs.aws.amazon.com\/AWSEC2\/latest\/UserGuide\/efa.html"},{"key":"e_1_3_2_1_6_1","unstructured":"2023. Amazon AWS Elastic Network Adapter. https:\/\/docs.aws.amazon.com\/AWSEC2\/latest\/UserGuide\/enhanced-networking-ena.html"},{"key":"e_1_3_2_1_7_1","unstructured":"2023. AWS Dedicated Host. https:\/\/docs.aws.amazon.com\/AWSEC2\/latest\/UserGuide\/dedicated-instance.html"},{"key":"e_1_3_2_1_8_1","unstructured":"2023. Azure Dedicated Host. https:\/\/azure.microsoft.com\/en-us\/products\/virtual-machines\/dedicated-host"},{"key":"e_1_3_2_1_10_1","unstructured":"Brian Nigito. 2020. Multicast and the Markets. https:\/\/signalsandthreads.com\/multicast-and-the-markets\/"},{"key":"e_1_3_2_1_11_1","doi-asserted-by":"publisher","DOI":"10.1093\/qje\/qjv027"},{"key":"e_1_3_2_1_12_1","volume-title":"15th USENIX Symposium on Networked Systems Design and Implementation (NSDI 18)","author":"Firestone Daniel","year":"2018","unstructured":"Daniel Firestone, Andrew Putnam, Sambhrama Mundkur, Derek Chiou, Alireza Dabagh, Mike Andrewartha, Hari Angepat, Vivek Bhanu, Adrian Caulfield, Eric Chung, et al. 2018. Azure accelerated networking: Smartnics in the public cloud. In 15th USENIX Symposium on Networked Systems Design and Implementation (NSDI 18). 51--66."},{"key":"e_1_3_2_1_13_1","doi-asserted-by":"publisher","DOI":"10.1145\/3458336.3465278"},{"volume-title":"Artificial Intelligence Planning Systems","author":"Gmytrasiewicz Piotr J","key":"e_1_3_2_1_14_1","unstructured":"Piotr J Gmytrasiewicz and Edmund H Durfee. 1992. Decision-theoretic recursive modeling and the coordinated attack problem. In Artificial Intelligence Planning Systems. Elsevier, 88--95."},{"key":"e_1_3_2_1_15_1","doi-asserted-by":"publisher","unstructured":"Leslie Lamport. 2019. Time clocks and the ordering of events in a distributed system. In Concurrency: the Works of Leslie Lamport Dahlia Malkhi (Ed.). ACM 179--196. 10.1145\/3335772.3335934","DOI":"10.1145\/3335772.3335934"},{"key":"e_1_3_2_1_16_1","volume-title":"Sundial: Fault-tolerant Clock Synchronization for Datacenters. In 14th USENIX Symposium on Operating Systems Design and Implementation, OSDI 2020","author":"Li Yuliang","year":"2020","unstructured":"Yuliang Li, Gautam Kumar, Hema Hariharan, Hassan M. G. Wassel, Peter Hochschild, Dave Platt, Simon L. Sabato, Minlan Yu, Nandita Dukkipati, Prashant Chandra, and Amin Vahdat. 2020. Sundial: Fault-tolerant Clock Synchronization for Datacenters. In 14th USENIX Symposium on Operating Systems Design and Implementation, OSDI 2020, Virtual Event, November 4--6, 2020. USENIX Association, 1171--1186. https:\/\/www.usenix.org\/conference\/osdi20\/presentation\/li-yuliang"},{"key":"e_1_3_2_1_17_1","doi-asserted-by":"publisher","DOI":"10.1016\/S0019-9958(84)80033-9"},{"key":"e_1_3_2_1_18_1","volume-title":"Tabbforum","author":"MacKenzie Donald","year":"2019","unstructured":"Donald MacKenzie. 2019. How Fragile Is Competition in High-Frequency Trading. Tabbforum, March 26 (2019)."},{"key":"e_1_3_2_1_19_1","doi-asserted-by":"publisher","DOI":"10.1145\/3318041.3355468"},{"key":"e_1_3_2_1_20_1","doi-asserted-by":"publisher","DOI":"10.1145\/2785956.2787510"},{"key":"e_1_3_2_1_21_1","unstructured":"NASDAQ. 2021. Nasdaq and AWS Partner to Transform Capital Markets. https:\/\/www.nasdaq.com\/press-release\/nasdaq-and-aws-partner-to-transform-capital-markets-2021-12-01"},{"key":"e_1_3_2_1_22_1","unstructured":"POSTTRADE. 2021. CME and Nasdaq move their markets to the cloud. https:\/\/posttrade360.com\/news\/technology\/cme-and-nasdaq-move-their-markets-to-the-cloud\/"}],"event":{"name":"ACM SIGCOMM '23: ACM SIGCOMM 2023 Conference","sponsor":["SIGCOMM ACM Special Interest Group on Data Communication"],"location":"New York NY USA","acronym":"ACM SIGCOMM '23"},"container-title":["Proceedings of the ACM SIGCOMM 2023 Conference"],"original-title":[],"link":[{"URL":"https:\/\/dl.acm.org\/doi\/10.1145\/3603269.3604871","content-type":"unspecified","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/dl.acm.org\/doi\/pdf\/10.1145\/3603269.3604871","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2025,6,17]],"date-time":"2025-06-17T16:46:43Z","timestamp":1750178803000},"score":1,"resource":{"primary":{"URL":"https:\/\/dl.acm.org\/doi\/10.1145\/3603269.3604871"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2023,9]]},"references-count":21,"alternative-id":["10.1145\/3603269.3604871","10.1145\/3603269"],"URL":"https:\/\/doi.org\/10.1145\/3603269.3604871","relation":{},"subject":[],"published":{"date-parts":[[2023,9]]},"assertion":[{"value":"2023-09-01","order":2,"name":"published","label":"Published","group":{"name":"publication_history","label":"Publication History"}}]}}