TTL Settings, or Time-To-Live Settings, specify the duration for which a data packet, cached item, or a price quote remains valid or available before it is discarded or expires. In the context of crypto request-for-quote (RFQ) systems and smart trading, TTL settings dictate how long a generated price quote is considered firm and executable before it automatically becomes invalid.
Mechanism
The mechanism involves assigning a specific timestamp or countdown value to each quote or data element at its creation. Network routers or application servers are configured to respect this value, ensuring that data is only processed or quotes are only honored within their designated lifespan. Once the TTL expires, the data is removed from active consideration, preventing the use of stale or outdated information.
Methodology
The strategic application of TTL Settings in crypto trading aims to manage information freshness and mitigate market risk. For quoting engines, dynamic TTLs prevent adverse selection by ensuring that prices reflect current market conditions, reducing exposure to rapid price changes. For data feeds, appropriate TTLs ensure that trading algorithms operate on timely information, enhancing decision accuracy and system reliability in fast-moving crypto markets.
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