FTH Trading — Broker-Dealer Platform

SEC/FINRA-Compliant Institutional Trading Infrastructure

📋 Table of Contents

Overview

FTH Trading Broker-Dealer Platform is a fully integrated, SEC/FINRA-compliant institutional trading infrastructure designed for multi-asset class execution, real-time risk management, and automated regulatory reporting. Built on event-driven microservices architecture with sub-millisecond latency paths.

🎯 Core Capabilities

Capability	Status	Description
🟢 Multi-Asset Trading	`LIVE`	Equities, Options, Fixed Income, Digital Assets
🟢 Order Management	`LIVE`	FIX 4.4 / FIX 5.0 SP2, Smart Order Routing
🟢 Risk Engine	`LIVE`	Real-time pre-trade & post-trade risk checks
🟢 Regulatory Reporting	`LIVE`	FOCUS, CAT, TRACE, OATS, Blue Sheets
🟢 Net Capital (15c3-1)	`LIVE`	Automated daily computation & alerts
🟢 Customer Protection	`LIVE`	Reserve formula (15c3-3) computation
🟢 AML/KYC	`LIVE`	CIP, CDD, EDD, SAR filing, OFAC screening
🟡 Digital Asset Custody	`BETA`	Fireblocks + BitGo MPC integration
🟡 CCIP Bridge	`BETA`	Cross-chain settlement via Chainlink CCIP
🔵 AI Trade Surveillance	`DEV`	ML-based market manipulation detection

Architecture

High-Level System Architecture

graph TB
    subgraph Clients["🖥️ Client Layer"]
        direction LR
        TW["Trading Workstation<br/>React + Electron"]
        MP["Management Portal<br/>Next.js"]
        API_C["API Consumers<br/>FIX / REST / WS"]
    end

    subgraph Gateway["🛡️ API Gateway & Security"]
        direction LR
        AG["API Gateway<br/>Kong + Rate Limiting"]
        AUTH["Auth Service<br/>OAuth 2.0 + MFA"]
        WAF["WAF<br/>ModSecurity"]
    end

    subgraph Core["⚡ Core Trading Services"]
        direction TB
        OMS["Order Management<br/>System (OMS)"]
        EMS["Execution Management<br/>System (EMS)"]
        SOR["Smart Order<br/>Router (SOR)"]
        MM["Market Making<br/>Engine"]
    end

    subgraph Risk["🔴 Risk & Compliance"]
        direction TB
        PRE["Pre-Trade<br/>Risk Engine"]
        POST["Post-Trade<br/>Risk Engine"]
        NC["Net Capital<br/>Engine (15c3-1)"]
        CP["Customer Protection<br/>(15c3-3)"]
        AML_S["AML/KYC<br/>Engine"]
        SURV["Trade<br/>Surveillance"]
    end

    subgraph Data["📊 Data & Analytics"]
        direction TB
        MD["Market Data<br/>Feed Handler"]
        POS["Position<br/>Management"]
        PNL["P&L<br/>Engine"]
        RPT["Regulatory<br/>Reporting"]
    end

    subgraph Infra["🏭 Infrastructure"]
        direction LR
        MQ["Event Bus<br/>Kafka / NATS"]
        DB["Databases<br/>Postgres + TimescaleDB"]
        CACHE["Cache Layer<br/>Redis Cluster"]
        VAULT["Secret Management<br/>HashiCorp Vault"]
    end

    subgraph External["🌐 External Connections"]
        direction LR
        EXCH["Exchanges<br/>NYSE • NASDAQ • CBOE"]
        CLR["Clearing Houses<br/>DTCC • OCC • NSCC"]
        REG["Regulators<br/>SEC • FINRA • NFA"]
        CUST["Custody<br/>Fireblocks • BitGo"]
    end

    Clients --> Gateway
    Gateway --> Core
    Core --> Risk
    Core --> Data
    Risk --> Data
    Core --> Infra
    Data --> Infra
    Risk --> Infra
    Core --> External
    Data --> External

System Flow Diagrams

📈 Order Lifecycle Flow

flowchart LR
    A["🧑‍💼 Client<br/>Submits Order"] --> B{"🛡️ Pre-Trade<br/>Risk Check"}
    B -->|"✅ PASS"| C["📋 OMS<br/>Order Booked"]
    B -->|"❌ FAIL"| Z1["🚫 Rejected<br/>+ Alert"]
    C --> D{"🔀 Smart Order<br/>Router"}
    D -->|"Best Execution"| E["🏛️ Exchange<br/>Routed"]
    D -->|"Internal Cross"| F["↔️ Internal<br/>Matching"]
    E --> G{"📡 Execution<br/>Report"}
    F --> G
    G -->|"FILLED"| H["✅ Post-Trade<br/>Processing"]
    G -->|"PARTIAL"| I["⏳ Partial Fill<br/>Requeue"]
    G -->|"REJECTED"| Z2["🚫 Exchange<br/>Reject"]
    H --> J["📊 Position<br/>Update"]
    H --> K["💰 P&L<br/>Calculation"]
    H --> L["📝 Regulatory<br/>Reporting"]
    H --> M["🏦 Settlement<br/>Instruction"]
    I --> D

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    style B fill:#F5A623,stroke:#D4891A,color:#FFFFFF
    style C fill:#50C878,stroke:#3DA65E,color:#FFFFFF
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    style I fill:#F39C12,stroke:#D68910,color:#FFFFFF

💰 Settlement & Clearing Pipeline

flowchart TB
    subgraph T0["T+0 — Trade Date"]
        A1["Execution Report"] --> A2["Trade Capture"]
        A2 --> A3["Trade Matching<br/>& Enrichment"]
        A3 --> A4["Allocation<br/>& Booking"]
    end

    subgraph T1["T+1 — Settlement"]
        B1["DTCC/NSCC<br/>Submission"] --> B2["Affirmation<br/>& Confirmation"]
        B2 --> B3["Net Settlement<br/>Calculation"]
        B3 --> B4["Funding<br/>Instruction"]
    end

    subgraph SETTLE["Settlement Execution"]
        C1["DTC<br/>Delivery vs Payment"] --> C2["Cash Settlement<br/>via Fed Wire"]
        C2 --> C3["Position<br/>Reconciliation"]
        C3 --> C4["✅ Settlement<br/>Complete"]
    end

    T0 --> T1
    T1 --> SETTLE

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    style A2 fill:#3498DB,stroke:#2980B9,color:#FFFFFF
    style A3 fill:#3498DB,stroke:#2980B9,color:#FFFFFF
    style A4 fill:#3498DB,stroke:#2980B9,color:#FFFFFF
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    style B2 fill:#9B59B6,stroke:#7D3C98,color:#FFFFFF
    style B3 fill:#9B59B6,stroke:#7D3C98,color:#FFFFFF
    style B4 fill:#9B59B6,stroke:#7D3C98,color:#FFFFFF
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    style C2 fill:#27AE60,stroke:#1E8449,color:#FFFFFF
    style C3 fill:#27AE60,stroke:#1E8449,color:#FFFFFF
    style C4 fill:#2ECC71,stroke:#27AE60,color:#FFFFFF

🔴 Risk Management Flow

flowchart TB
    subgraph PreTrade["🛡️ Pre-Trade Risk Gates"]
        direction TB
        R1["Order Received"] --> R2{"Position<br/>Limit Check"}
        R2 -->|"PASS"| R3{"Concentration<br/>Risk Check"}
        R2 -->|"FAIL"| RJ1["❌ Reject"]
        R3 -->|"PASS"| R4{"Credit / Margin<br/>Check"}
        R3 -->|"FAIL"| RJ2["❌ Reject"]
        R4 -->|"PASS"| R5{"Regulatory<br/>Restriction Check"}
        R4 -->|"FAIL"| RJ3["❌ Reject"]
        R5 -->|"PASS"| R6["✅ Approved"]
        R5 -->|"FAIL"| RJ4["❌ Reject"]
    end

    subgraph RealTime["⚡ Real-Time Monitoring"]
        direction TB
        M1["Portfolio VaR"] --> M2["Greeks Exposure"]
        M2 --> M3["Sector Concentration"]
        M3 --> M4["Counterparty Exposure"]
        M4 --> M5{"Threshold<br/>Breach?"}
        M5 -->|"YES"| M6["🚨 Alert + Auto-Hedge"]
        M5 -->|"NO"| M7["✅ Normal"]
    end

    subgraph PostTrade["📊 Post-Trade Analytics"]
        direction TB
        P1["Trade Reconstruction"] --> P2["Best Execution Analysis"]
        P2 --> P3["Transaction Cost Analysis"]
        P3 --> P4["Compliance Report"]
    end

    PreTrade --> RealTime
    RealTime --> PostTrade

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    style M6 fill:#E74C3C,stroke:#C0392B,color:#FFFFFF
    style M7 fill:#2ECC71,stroke:#27AE60,color:#FFFFFF

🔐 AML / KYC Onboarding Flow

flowchart LR
    A["📄 Application<br/>Received"] --> B["🆔 CIP<br/>Identity Verification"]
    B --> C{"OFAC / PEP<br/>Screening"}
    C -->|"🔴 HIT"| D["🔍 Enhanced Due<br/>Diligence (EDD)"]
    C -->|"🟢 CLEAR"| E["📊 Risk<br/>Assessment"]
    D --> F{"Manual<br/>Review"}
    F -->|"APPROVED"| E
    F -->|"DECLINED"| Z["🚫 Account<br/>Denied + SAR"]
    E --> G{"Risk<br/>Rating"}
    G -->|"LOW"| H["✅ Standard<br/>Onboarding"]
    G -->|"MEDIUM"| I["⚠️ Enhanced<br/>Monitoring"]
    G -->|"HIGH"| J["🔴 Senior<br/>Review Required"]
    H --> K["🎉 Account<br/>Activated"]
    I --> K
    J -->|"APPROVED"| K
    J -->|"DECLINED"| Z

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    style B fill:#3498DB,stroke:#2980B9,color:#FFFFFF
    style C fill:#F5A623,stroke:#D4891A,color:#FFFFFF
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    style K fill:#2ECC71,stroke:#27AE60,color:#FFFFFF
    style Z fill:#E74C3C,stroke:#C0392B,color:#FFFFFF

Technology Stack

🔷 Core Platform

Technology	Purpose
	Primary language
	Runtime
	Low-latency paths
	ML / Analytics

🔶 Infrastructure

Technology	Purpose
	Orchestration
	Event streaming
	Primary DB
	Time-series
	Cache + Pub/Sub

🔒 Security & Compliance

Technology	Purpose
	Secrets
	Vuln scanning
	Observability
	Dashboards

Compliance

Regulatory Framework

┌─────────────────────────────────────────────────────────────────────────┐
│                      FTH TRADING REGULATORY MAP                         │
├─────────────────────────────────────────────────────────────────────────┤
│                                                                         │
│  ┌─── SEC ───────────────────┐  ┌─── FINRA ──────────────────────┐     │
│  │                           │  │                                 │     │
│  │  Rule 15c3-1  Net Capital │  │  Rule 4210   Margin             │     │
│  │  Rule 15c3-3  Cust. Prot. │  │  Rule 3110   Supervision        │     │
│  │  Rule 17a-3   Records     │  │  Rule 3120   Compliance System  │     │
│  │  Rule 17a-4   Retention   │  │  Rule 4370   Business Continuity│     │
│  │  Reg SHO      Short Sales │  │  Rule 6730   TRACE Reporting    │     │
│  │  Reg NMS      Best Exec   │  │  Rule 7440   CAT Reporting      │     │
│  │  Reg T        Credit Ext  │  │  Rule 2111   Suitability        │     │
│  │                           │  │                                 │     │
│  └───────────────────────────┘  └─────────────────────────────────┘     │
│                                                                         │
│  ┌─── FinCEN / BSA ──────────┐  ┌─── Other ──────────────────────┐     │
│  │                           │  │                                 │     │
│  │  CIP     Identity Verify  │  │  SIPC    Customer Protection    │     │
│  │  CDD     Customer D.D.    │  │  OFAC    Sanctions Screening    │     │
│  │  SAR     Suspicious Rpt   │  │  SOX     Internal Controls      │     │
│  │  CTR     Currency Trans   │  │  GDPR    Data Privacy (EU)      │     │
│  │  314(a)  Info Sharing     │  │  CCPA    Data Privacy (CA)      │     │
│  │                           │  │                                 │     │
│  └───────────────────────────┘  └─────────────────────────────────┘     │
│                                                                         │
└─────────────────────────────────────────────────────────────────────────┘

Net Capital Computation Engine

SEC Rule 15c3-1 — Automated daily net capital computation with real-time breach detection.

flowchart TB
    subgraph Inputs["📥 Data Inputs"]
        I1["Trial Balance<br/>General Ledger"]
        I2["Position Data<br/>All Asset Classes"]
        I3["Haircut Tables<br/>SEC Schedule"]
        I4["Market Prices<br/>Real-time Feeds"]
    end

    subgraph Compute["⚙️ Computation Engine"]
        C1["Total Ownership<br/>Equity"]
        C2["Non-Allowable<br/>Asset Deductions"]
        C3["Haircut<br/>Calculations"]
        C4["Tentative<br/>Net Capital"]
        C5["Aggregate<br/>Indebtedness"]
        C6["✅ Net Capital<br/>Result"]
    end

    subgraph Checks["🔴 Threshold Monitoring"]
        K1{"Net Capital ><br/>Minimum?"}
        K2{"Early Warning<br/>Threshold?"}
        K3["🚨 SEC/FINRA<br/>Notification"]
        K4["✅ Compliant"]
    end

    I1 --> C1
    I2 --> C2
    I3 --> C3
    I4 --> C3
    C1 --> C4
    C2 --> C4
    C3 --> C4
    C4 --> C5
    C5 --> C6
    C6 --> K1
    K1 -->|"NO"| K3
    K1 -->|"YES"| K2
    K2 -->|"BREACH"| K3
    K2 -->|"OK"| K4

    style C6 fill:#2ECC71,stroke:#27AE60,color:#FFFFFF
    style K3 fill:#E74C3C,stroke:#C0392B,color:#FFFFFF
    style K4 fill:#2ECC71,stroke:#27AE60,color:#FFFFFF

Customer Protection Reserve

SEC Rule 15c3-3 — Weekly reserve formula computation ensuring customer assets are protected.

Component	Computation	Frequency
🔵 Credits	Customer free credit balances + short market values	Weekly
🔴 Debits	Customer debit balances + long market values	Weekly
🟢 Reserve	Credits − Debits = Required Reserve Deposit	Weekly
⚡ Lock-Up	Excess customer securities in segregated account	Daily

FINRA Reporting Engine

Report	Regulation	Frequency	Status
FOCUS Report	SEC Rule 17a-5	Monthly/Quarterly	🟢 `AUTO`
CAT Reporting	FINRA Rule 7440	T+1 Daily	🟢 `AUTO`
TRACE	FINRA Rule 6730	Within 15 min	🟢 `REAL-TIME`
OATS	FINRA Rule 7440	T+1 Daily	🟢 `AUTO`
Blue Sheets	SEC Rule 17a-25	On Demand	🟢 `AUTO`
Large Trader	SEC Rule 13h-1	As Required	🟢 `AUTO`
Short Interest	FINRA Rule 4560	Bi-Monthly	🟢 `AUTO`

AML / BSA Compliance

Module	Capability	Detection Method
🔍 Transaction Monitoring	Suspicious activity detection	Rule engine + ML
🆔 CIP/KYC	Identity verification & risk rating	Multi-source verification
🌍 OFAC Screening	Real-time sanctions screening	Fuzzy matching + SDN list
📝 SAR Filing	Automated suspicious activity reports	FinCEN BSA E-Filing
💵 CTR Filing	Currency transaction reports (>$10K)	Automated aggregation
🔗 314(a) Requests	Law enforcement info sharing	Encrypted match

Services Matrix

⚡ Trading Domain

Service	Port	Protocol	Description
`order-gateway`	8100	FIX/WS	Order entry & validation
`oms-engine`	8101	gRPC	Order management & lifecycle
`ems-engine`	8102	gRPC	Execution management
`smart-router`	8103	gRPC	Smart order routing
`market-maker`	8104	gRPC	Market making strategies
`fix-bridge`	8105	FIX 4.4	Exchange connectivity

🔴 Risk & Compliance Domain

Service	Port	Protocol	Description
`risk-engine`	8200	gRPC	Pre/post-trade risk
`net-capital`	8201	REST	15c3-1 computation
`customer-protection`	8202	REST	15c3-3 reserve formula
`aml-engine`	8203	gRPC	AML/KYC/OFAC
`surveillance`	8204	gRPC	Trade surveillance
`reg-reporting`	8205	REST	FOCUS, CAT, TRACE

📊 Data & Operations Domain

Service	Port	Protocol	Description
`market-data`	8300	WS/gRPC	Feed handler & distribution
`position-mgr`	8301	gRPC	Position management
`pnl-engine`	8302	gRPC	Real-time P&L
`settlement`	8303	REST	T+1 settlement
`reconciliation`	8304	REST	Position & cash recon
`client-mgmt`	8305	REST	Account management

Order Management System

FIX Protocol Integration

┌──────────────────────────────────────────────────────────────────┐
│                    FIX CONNECTIVITY MATRIX                        │
├──────────────────────────────────────────────────────────────────┤
│                                                                  │
│  Inbound (Buy-Side)              Outbound (Sell-Side)            │
│  ─────────────────               ───────────────────             │
│  FIX 4.4  │ Institutional        FIX 4.4  │ NYSE / NYSE Arca    │
│  FIX 5.0  │ Algorithmic          FIX 4.2  │ NASDAQ              │
│  REST API │ Retail / Web         FIX 4.4  │ CBOE / BZX / EDGX   │
│  WebSocket│ Real-time UI         FIX 4.4  │ IEX                 │
│           │                      Binary   │ CME Globex          │
│           │                      OUCH     │ NASDAQ (DMA)        │
│                                                                  │
│  Session Management: Automatic logon, heartbeat, sequence        │
│  reset, gap-fill, and disaster recovery failover                 │
│                                                                  │
└──────────────────────────────────────────────────────────────────┘

Order Types Supported

Category	Types	Venues
Standard	Market, Limit, Stop, Stop-Limit	All
Algorithmic	TWAP, VWAP, Iceberg, Peg	Equity venues
Conditional	OCO, OTO, Bracket, Trailing Stop	All
Block	Negotiated, Cross, Dark Pool	Institutional
Options	Spread, Straddle, Complex Multi-Leg	CBOE, ISE, Phlx

Risk Management Engine

Real-Time Risk Metrics

Metric	Calculation	Threshold	Action
🔴 Portfolio VaR	Historical simulation (99%, 1-day)	$2M firm-wide	Auto-hedge + alert
🟡 Greeks (Delta)	Real-time Black-Scholes	±$500K portfolio	Alert desk head
🟡 Sector Concentration	Portfolio weight per sector	25% single sector	Block new orders
🔴 Counterparty Exposure	Net settlement exposure	$1M per counterparty	Alert + escalate
🟢 Margin Utilization	Used margin / available margin	85% utilization	Warning to client
🔴 Intraday P&L	Mark-to-market real-time	-$500K daily loss	Trading halt

Margin Methodology

flowchart LR
    A["Position<br/>Portfolio"] --> B["Strategy-Based<br/>Margin (TIMS)"]
    A --> C["Portfolio Margin<br/>(OCC STANS)"]
    A --> D["Reg T<br/>Initial Margin"]
    B --> E{"Lowest<br/>Requirement"}
    C --> E
    D --> E
    E --> F["Applied<br/>Margin Rate"]
    F --> G["Margin Call<br/>If Deficient"]

    style E fill:#F5A623,stroke:#D4891A,color:#FFFFFF
    style G fill:#E74C3C,stroke:#C0392B,color:#FFFFFF

Settlement & Clearing

DTCC Integration

System	Purpose	Protocol	SLA
NSCC/CNS	Equities netting & settlement	ISO 15022 / FIX	T+1
DTC	Securities depository & custody	SDFS	Real-time
OCC	Options clearing	FIX / FIXML	T+1
FICC/GSD	Fixed income clearing	ISO 20022	T+1
Fed Wire	Cash settlement / wire transfers	Fedwire	Same-day

Reconciliation Matrix

Reconciliation	Frequency	Data Sources	Tolerance
Position Recon	Daily	OMS ↔ DTCC ↔ Custodian	Zero break
Cash Recon	Daily	Ledger ↔ Bank ↔ DTCC	$0.01
Trade Recon	Real-time	OMS ↔ Exchange ↔ DTCC	Zero break
P&L Recon	Daily	Real-time ↔ Official ↔ Fund Admin	$100

Market Data Infrastructure

Feed Handler Architecture

flowchart TB
    subgraph Sources["📡 Market Data Sources"]
        S1["NYSE / Arca<br/>CTA/UTP SIP"]
        S2["NASDAQ<br/>TotalView ITCH"]
        S3["CBOE<br/>PITCH / Multicast"]
        S4["CME<br/>MDP 3.0"]
        S5["Bloomberg<br/>B-PIPE"]
        S6["Refinitiv<br/>Elektron"]
    end

    subgraph Handler["⚡ Feed Handler (Rust)"]
        H1["Protocol<br/>Decoder"]
        H2["Normalization<br/>Engine"]
        H3["Book Builder<br/>L1/L2/L3"]
        H4["Conflation<br/>Engine"]
    end

    subgraph Consumers["📊 Consumers"]
        C1["Smart Order<br/>Router"]
        C2["Risk<br/>Engine"]
        C3["Market Making<br/>Engine"]
        C4["Trading<br/>UI"]
        C5["Analytics<br/>& Reporting"]
    end

    Sources --> Handler
    Handler --> Consumers

    style H1 fill:#E67E22,stroke:#D35400,color:#FFFFFF
    style H2 fill:#E67E22,stroke:#D35400,color:#FFFFFF
    style H3 fill:#E67E22,stroke:#D35400,color:#FFFFFF
    style H4 fill:#E67E22,stroke:#D35400,color:#FFFFFF

Performance Benchmarks

Metric	Target	Achieved
Tick-to-trade latency	< 500μs	~180μs
Market data throughput	> 5M msg/sec	8.2M msg/sec
Order capacity	> 100K orders/sec	142K orders/sec
FIX message parse	< 10μs	~4μs
Risk check latency	< 50μs	~22μs

Project Structure

Broker-Dealer/
├── 📁 .github/                    # CI/CD & GitHub configuration
│   ├── workflows/                 # GitHub Actions pipelines
│   │   ├── ci.yml                 # Build, test, lint pipeline
│   │   ├── security.yml           # Dependency & code security scans
│   │   ├── release.yml            # Release automation
│   │   └── compliance-check.yml   # Regulatory compliance gates
│   ├── ISSUE_TEMPLATE/            # Standardized issue templates
│   ├── PULL_REQUEST_TEMPLATE.md   # PR review checklist
│   └── CODEOWNERS                 # Ownership & review rules
│
├── 📁 docs/                       # Documentation
│   ├── architecture/              # System design documents
│   ├── compliance/                # Regulatory documentation
│   ├── api/                       # API specifications (OpenAPI 3.1)
│   ├── runbooks/                  # Operational runbooks
│   ├── onboarding/                # Developer onboarding guides
│   └── assets/                    # Diagrams, images, logos
│
├── 📁 services/                   # Microservices
│   ├── order-gateway/             # FIX/REST order entry
│   ├── oms-engine/                # Order management system
│   ├── ems-engine/                # Execution management
│   ├── smart-router/              # Smart order routing
│   ├── risk-engine/               # Pre/post-trade risk
│   ├── net-capital/               # SEC 15c3-1 computation
│   ├── customer-protection/       # SEC 15c3-3 reserve formula
│   ├── aml-engine/                # AML/KYC/OFAC compliance
│   ├── surveillance/              # Trade surveillance & detection
│   ├── reg-reporting/             # Regulatory reporting (FOCUS, CAT, etc.)
│   ├── market-data/               # Feed handler & distribution
│   ├── position-mgr/              # Position management
│   ├── pnl-engine/                # P&L calculation engine
│   ├── settlement/                # T+1 settlement pipeline
│   ├── reconciliation/            # Position & cash reconciliation
│   └── client-mgmt/               # Client account management
│
├── 📁 packages/                   # Shared libraries
│   ├── fix-protocol/              # FIX message parser & builder
│   ├── risk-models/               # Risk calculation models
│   ├── market-data-types/         # Normalized market data types
│   ├── compliance-rules/          # Regulatory rule engine
│   ├── db/                        # Database client & migrations
│   ├── auth/                      # Authentication & authorization
│   ├── observability/             # Logging, metrics, tracing
│   └── types/                     # Shared TypeScript types
│
├── 📁 infrastructure/             # Infrastructure-as-Code
│   ├── kubernetes/                # K8s manifests & Helm charts
│   ├── terraform/                 # Cloud infrastructure
│   ├── docker/                    # Dockerfiles & compose
│   └── monitoring/                # Grafana dashboards, alerts
│
├── 📁 tests/                      # Test suites
│   ├── unit/                      # Unit tests
│   ├── integration/               # Integration tests
│   ├── e2e/                       # End-to-end tests
│   ├── performance/               # Load & latency tests
│   └── compliance/                # Regulatory compliance tests
│
├── 📄 package.json                # Root package configuration
├── 📄 pnpm-workspace.yaml         # pnpm workspace definition
├── 📄 turbo.json                  # Turborepo pipeline config
├── 📄 tsconfig.base.json          # Base TypeScript configuration
├── 📄 docker-compose.yml          # Local development stack
├── 📄 .env.example                # Environment variable template
├── 📄 SECURITY.md                 # Security policy & disclosure
├── 📄 CONTRIBUTING.md             # Contribution guidelines
├── 📄 CHANGELOG.md                # Version changelog
└── 📄 LICENSE                     # Proprietary license

Getting Started

Prerequisites

Requirement	Version	Purpose
Node.js	≥ 22.0	Runtime
pnpm	≥ 9.0	Package manager
Docker	≥ 24.0	Local infrastructure
Rust	≥ 1.75	Feed handler compilation
PostgreSQL	≥ 16.0	Primary database

Quick Start

# Clone the repository
git clone https://github.com/FTHTrading/Broker-Dealer.git
cd Broker-Dealer

# Install dependencies
pnpm install

# Copy environment configuration
cp .env.example .env.local

# Start infrastructure (Postgres, Redis, Kafka)
docker compose up -d

# Run database migrations
pnpm db:migrate

# Start all services in development mode
pnpm dev

# Run the test suite
pnpm test

Environment Setup

# Required environment variables (see .env.example for full list)
DATABASE_URL=postgresql://user:pass@localhost:5432/broker_dealer
REDIS_URL=redis://localhost:6379
KAFKA_BROKERS=localhost:9092
FIX_TARGET_COMP_ID=NYSE
VAULT_ADDR=http://localhost:8200

Deployment

Production Architecture

graph TB
    subgraph AZ1["Availability Zone 1"]
        LB1["Load Balancer"]
        K1["K8s Cluster<br/>(Primary)"]
        DB1["PostgreSQL<br/>(Primary)"]
    end

    subgraph AZ2["Availability Zone 2"]
        LB2["Load Balancer"]
        K2["K8s Cluster<br/>(Secondary)"]
        DB2["PostgreSQL<br/>(Replica)"]
    end

    subgraph Shared["Shared Services"]
        KAFKA["Kafka Cluster<br/>(3 brokers)"]
        REDIS["Redis Cluster<br/>(6 nodes)"]
        VAULT_D["HashiCorp Vault<br/>(HA)"]
    end

    LB1 --> K1
    LB2 --> K2
    K1 --> DB1
    K2 --> DB2
    DB1 -.->|"Streaming Replication"| DB2
    K1 --> Shared
    K2 --> Shared

    style K1 fill:#3498DB,stroke:#2980B9,color:#FFFFFF
    style K2 fill:#3498DB,stroke:#2980B9,color:#FFFFFF
    style DB1 fill:#27AE60,stroke:#1E8449,color:#FFFFFF
    style DB2 fill:#27AE60,stroke:#1E8449,color:#FFFFFF

Deployment Pipeline

Stage	Gate	Duration	Actions
🔵 Build	Type check + Lint	~2 min	Compile + static analysis
🟣 Test	94% coverage gate	~5 min	Unit + integration tests
🟡 Security	Zero critical vulns	~3 min	Snyk + CodeQL + SAST
🟠 Compliance	Rule validation	~2 min	Regulatory compliance tests
🟢 Staging	Smoke tests pass	~5 min	Deploy to staging + E2E
🔴 Production	Manual approval	—	Blue/green deployment

Monitoring & Observability

Dashboard Overview

Dashboard	Metrics	Alert Threshold
📈 Trading	Order rate, fill rate, latency P99	Latency > 1ms
🔴 Risk	VaR, margin usage, P&L	VaR breach, loss limit
💰 Net Capital	Net capital, ratio, early warning	Below minimum
🔒 AML	Alerts generated, SAR count, screening	Backlog > 24h
🖥️ Infrastructure	CPU, memory, disk, network	85% utilization
📡 Market Data	Feed health, staleness, gap count	Feed delay > 5s

Logging & Tracing

Component	Tool	Retention
Application Logs	Datadog Logs	90 days hot / 7 years cold
Distributed Traces	Datadog APM	15 days
Metrics	Datadog Metrics	15 months
Audit Trail	Immutable Ledger	7+ years (WORM)
Trade Records	PostgreSQL + Archive	6+ years (SEC 17a-4)

Security Architecture

Security Layers

┌─────────────────────────────────────────────────────────────────┐
│  Layer 1 — NETWORK                                               │
│  WAF • DDoS Protection • TLS 1.3 • VPC Isolation • ACLs         │
├─────────────────────────────────────────────────────────────────┤
│  Layer 2 — IDENTITY                                              │
│  OAuth 2.0 + OIDC • MFA (TOTP/FIDO2) • RBAC • Session Mgmt     │
├─────────────────────────────────────────────────────────────────┤
│  Layer 3 — APPLICATION                                           │
│  Input Validation • Rate Limiting • CORS • CSP • CSRF Tokens    │
├─────────────────────────────────────────────────────────────────┤
│  Layer 4 — DATA                                                  │
│  AES-256 at Rest • TLS in Transit • Field-Level Encryption       │
│  PII Tokenization • Key Rotation via Vault                       │
├─────────────────────────────────────────────────────────────────┤
│  Layer 5 — OPERATIONAL                                           │
│  SOC 2 Type II • Penetration Testing • Incident Response Plan   │
│  Business Continuity (FINRA 4370) • Disaster Recovery            │
└─────────────────────────────────────────────────────────────────┘

Access Control Matrix

Role	Trading	Risk	Compliance	Admin	Audit
Trader	✅	👁️	❌	❌	❌
Risk Manager	👁️	✅	👁️	❌	👁️
Compliance Officer	👁️	👁️	✅	❌	✅
Operations	👁️	👁️	👁️	✅	👁️
Auditor	👁️	👁️	👁️	❌	✅

✅ Full Access 👁️ Read Only ❌ No Access

Contributing

Please read CONTRIBUTING.md for details on our code of conduct, development workflow, and the process for submitting pull requests.

Development Workflow

gitgraph
    commit id: "main"
    branch develop
    commit id: "feature base"
    branch feature/OMS-123
    commit id: "implement"
    commit id: "test"
    checkout develop
    merge feature/OMS-123 id: "PR review"
    branch release/v2.1
    commit id: "release prep"
    checkout main
    merge release/v2.1 id: "v2.1.0" tag: "v2.1.0"
    checkout develop
    merge release/v2.1 id: "back-merge"

Code Review Checklist

TypeScript strict mode — zero type errors
Test coverage ≥ 94% on changed files
No new security vulnerabilities (Snyk clean)
Regulatory compliance tests pass
API documentation updated (OpenAPI spec)
Audit trail logging for all state mutations
Performance benchmarks within SLA

📜 License

_{Built with ❤️ by the FTH Trading Engineering Team

SEC Registered Broker-Dealer · FINRA Member · SIPC Member}

Name		Name	Last commit message	Last commit date
Latest commit History 15 Commits
.github		.github
apps/broker-dealer		apps/broker-dealer
docs		docs
.env.example		.env.example
.gitignore		.gitignore
CHANGELOG.md		CHANGELOG.md
CODE_OF_CONDUCT.md		CODE_OF_CONDUCT.md
CONTRIBUTING.md		CONTRIBUTING.md
LICENSE		LICENSE
README.md		README.md
SECURITY.md		SECURITY.md
netlify.toml		netlify.toml
vercel.json		vercel.json

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FTH Trading — Broker-Dealer Platform

📋 Table of Contents

🏗️ Platform

⚖️ Compliance & Regulation

🔧 Engineering

🚀 Operations

Overview

🎯 Core Capabilities

Architecture

High-Level System Architecture

System Flow Diagrams

📈 Order Lifecycle Flow

💰 Settlement & Clearing Pipeline

🔴 Risk Management Flow

🔐 AML / KYC Onboarding Flow

Technology Stack

🔷 Core Platform

🔶 Infrastructure

🔒 Security & Compliance

Compliance

Regulatory Framework

Net Capital Computation Engine

Customer Protection Reserve

FINRA Reporting Engine

AML / BSA Compliance

Services Matrix

⚡ Trading Domain

🔴 Risk & Compliance Domain

📊 Data & Operations Domain

Order Management System

FIX Protocol Integration

Order Types Supported

Risk Management Engine

Real-Time Risk Metrics

Margin Methodology

Settlement & Clearing

DTCC Integration

Reconciliation Matrix

Market Data Infrastructure

Feed Handler Architecture

Performance Benchmarks

Project Structure

Getting Started

Prerequisites

Quick Start

Environment Setup

Deployment

Production Architecture

Deployment Pipeline

Monitoring & Observability

Dashboard Overview

Logging & Tracing

Security Architecture

Security Layers

Access Control Matrix

Contributing

Development Workflow

Code Review Checklist

📜 License

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