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Cover image for Tech Landscape: Unlocking High-Value Systems and neutralize the Hegemony through MELT+ (Metrics, Events, Logs, and Traces)
Nilay Parikh
Nilay Parikh

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Tech Landscape: Unlocking High-Value Systems and neutralize the Hegemony through MELT+ (Metrics, Events, Logs, and Traces)

MELT+ constitutes a comprehensive framework covering Metrics, Events, Logs, Traces, and Performance Profilers β€” a holistic approach crafted to elevate the efficiency and dependability of algorithmic trading.

Metrics furnish measurable insights into system performance and uptime. Events deliver real-time updates on predefined scenarios, logs capture transaction details for subsequent analysis, traces delineate the execution flow, and performance profilers identify areas ripe for optimization.

This framework empowers identify bottlenecks, address issues, and refine strategies proactively. Through the utilization of MELT+, algorithmic agents secure a competitive advantage, ensuring the seamless operation of their systems and swift adaptation to adverse scenarios. MELT+ serves as the linchpin for precision and agility in algorithmic trading strategies.

Fig 1. Basic Reinforcement Learning/Price Action Algotrading System Flow

I've also uploaded an 8-minute YouTube vbog discussing the topic of observability in algotrading, ML/AI application, along with a live demonstration.

I have delved deeper into the intricacies of observability in my Medium post, exploring critical perspectives such as the inadequacy of merely recognizing when an application fails, stops, or crashes. Shedding light on the silent but impactful repercussions of untracked system component performance. Furthermore, I take my readers behind enemy lines, illustrating the strategic use of MELT+ in backtesting infrastructure and optimizing applications for auto-corrective measures through synthetic observability, orchestrated by AI agents.

Extending our exploration, we delve into The Next Generation of Synthetic Monitoring, aiming for cost-efficiency and seamless zero-line support.

Explore the realms of Rust, Python, Kafka, MLFlow, TimescaleDB, Spark, Azure Data, and Apache Iceberg in system trading, algorithmic trading, and ML/AI within the financial market. Join us on LinkedIn to stay connected and follow our journey.

About the Author

As the mind behind ErgoQuantX, I am thrilled to introduce a thoughtfully crafted ecosystem that seamlessly integrates the strengths of popular Open Source Stack and Public Cloud technologies.

Follow our journey on LinkedIn and Medium to stay connected and be part of the ongoing conversation.

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