The Hidden Cost of Exchange Integrations
Connecting to one exchange is relatively straightforward. Operating hundreds of exchange integrations is an entirely different challenge.
Every exchange has its own APIs, authentication methods, symbol naming conventions, timestamps, schemas, documentation, release schedule, and operational quirks. APIs evolve, symbols change, contracts migrate, exchanges go offline, and new venues appear every year.
Engineering teams connecting directly to exchanges quickly find themselves maintaining infrastructure instead of building products.
As exchange coverage grows, infrastructure becomes increasingly expensive to build and even more expensive to maintain.