By Benjamin Van Vliet
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Extra resources for Building automated trading systems
Last Trade Price The price at which the last trade was executed. Last Trade Qty The quantity of the last trade. Bid Qty The volume on the bid price in the exchange order book. Ask Qty The volume on the ask price in the exchange order book. Expiration The date of the expiration of the instrument, if any. Verbs Description Enter Order Sends an order to the exchange. Cancel Order(s) Sends a request to the exchange to cancel an order or orders. 5. 2. Encapsulation Encapsulation is the process of containing abstracted data and functionalities into a class, exposing to the outside world only those methods that absolutely must be exposed, which are then known collectively as the class’ public interface.
For example, we could create a class called Instrument. , an instance of the Instrument class. Let’s briefly review the four main concepts of object-oriented programming: abstraction, encapsulation, inheritance, and polymorphism. 1. Abstraction Abstraction is the process of creating an abstract model of a real-world object or thing. The process consists of taking the attributes, or properties, and functionalities, or methods, of a thing and turning them into logical pieces of data and functionality.
2. Encapsulation Encapsulation is the process of containing abstracted data and functionalities into a class, exposing to the outside world only those methods that absolutely must be exposed, which are then known collectively as the class’ public interface. So, classes hide the implementation of their properties and methods and communicate with the external programming environment through the public interface. In this way, encapsulation protects the object from being tampered with and frees the programmer from having to know the details of the object’s implementation.