Push Based Communication

Action

Push Based Communication within financial markets denotes a system where information regarding trade execution, price updates, or order status is initiated by the exchange or trading platform and transmitted directly to participants, rather than being requested. This contrasts with pull-based systems where clients actively solicit data, impacting latency and bandwidth consumption. In cryptocurrency derivatives, this proactive dissemination is critical for rapid response to volatile market conditions, enabling algorithmic trading strategies and informed decision-making. Efficient action through this communication method minimizes information asymmetry and supports real-time risk management protocols.
Websocket API A conceptual model visualizing the intricate architecture of a decentralized options trading protocol.

Websocket API

Meaning ⎊ A persistent, two-way communication channel enabling servers to push real-time market data to clients without delays.