Counterparty. The party on the other side of a trade.
Deploy anywhere routing engine (DARE). Marketcetera's core routing server. DARE provides bi-directional message handling, receiving orders from multiple strategies and routing them to broker and execution destinations.
Execution Container. A process that runs and maintains communication with other nodes in a cluster.
FIX message. Or Financial Information Exchange. A vendor-neutral communication protocol to exchange securities-transaction information with low latency.
Order. Instructions to buy or sell an asset
Strategy. An algorithm or collection of algorithms to execute trades programmatically
Strategy Engine. The architectural component responsible for executing user-provided strategies