5 parallel trades · one trading day
ACME × 3 (20k · 50k · 30k)
BLUE × 2 (40k · 15k)
blob area = shares · red ring = queued behind a busy system · violet ring = parked at NSCC, netting by symbol until the close — nothing settles mid-day
milliseconds — order flow & market data
intraday — capture, allocation, affirmation
end of day — netting, batch files
T+1 — settlement
daily — reference data distribution
bigger, slower dots = fewer, chunkier payloads