Lesson 01 · order
Where an order begins
Tracing the order from the decision to trade to the point it reaches the market, and the data it creates along the way.
← The Primer
Lesson 02 · order
The order record and its identifiers
The identifiers that name an order — firm, instrument, order, and decision — and the reporting that depends on them.
Lesson 03 · order
How an order stays traceable
An order is never a single record. This traces how it surfaces as a sequence of messages, and how a handful of identifiers keep it traceable through every change to its final fill.