Frequently Asked Questions

FAQ

  • What is QuantReplay?

    QuantReplay is an open-source, multi-asset market simulator designed to meet the demands of today’s trading technology landscape. It provides:

    • Multi-Asset Support: Simulate order-driven markets including Equities, FX, Futures, Derivatives, and Digital Assets.
    • Market Listings & Phases: Configure multiple venues with standard symbology, market rules, and distinct phases such as continuous trading and auctions.
    • Matching Engine: Industry-standard price/time priority order book logic with full order lifecycle handling and configurable order types.
    • Historical Data Playback: Replay multi-level market data from files or databases for realistic backtesting.
    • Synthetic Order Generation: Inject realistic, pseudo-random orders to emulate live market activity, with control over price ranges, volumes, and update rates.
    • Interfaces Built for Developers: 
      • FIX API for order flow and market data publishing. 
      • REST API for remote configuration and system monitoring.
    • Lightweight, Scalable Deployment: Runs as a single native process per venue, fully dockerized for easy deployment to any environment.
    • Recovery Options: Save system state for seamless restart and high-availability testing. 
  • How to get started with QuantReplay?

    Visit: github.com/QuodFinancial/QuantReplay or Go through the detailed documentation to learn more . 

  • Is QuantReplay free to use?

    QuantReplay is free, open source, and built for the community. Built by Quod Financial — a global leader in trading technology. 

  • Is QuantReplay open-source?

    QuantReplay is designed with an open, community-first approach — extensible, adaptable, and welcoming contributions. The roadmap includes:

    • Additional Market Phases: Support for auctions, trade-at-last phases, and more.
    • Multi-Listed-Instruments: Synchronize price behavior across multiple listings of the same asset.
    • Extreme Market Events: Schedule volatility spikes, market crashes, and stress scenarios.
    • Client Simulation Mode: Run QuantReplay as a market participant to inject realistic order flows into third-party trading platforms.
    • AI-Driven Market Simulation: Leverage Generative Adversarial Networks (GANs) for more advanced, real-time order generation that mirrors complex market dynamics.
    • Quote-Driven Market Support: Extend to bilateral pricing workflows like FX streaming, RFQ (Request For Quote) models, and fixed income simulations. 
  • Why is QuantReplay free and open-source?

    Quod Financial — a global leader in trading technology; believes the financial industry needs innovation —but innovation requires access. 

    • We want to democratize testing and automation. Most firms lack the tools or budgets to simulate real-world trading conditions. QuantReplay removes that barrier.
    • We invite global collaboration. Developers and traders alike can build on QuantReplay, improving it for everyone.
    • We're here to change the game. Quod Financial is committed to reshaping how trading tech is built and shared. Open-source is our way of giving back to the industry we serve.

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