# Research: Pricing Awareness and Market Data Streaming

> For the complete documentation index, see [llms.txt](https://traderx.finos.org/llms.txt).

[Learning Guide — Pricing Awareness and Market Data Streaming](https://traderx.finos.org/docs/learning/state-008-pricing-awareness-market-data.md): purpose, walkthrough, and related learning states.

# Research: Pricing Awareness and Market Data Streaming

## Objective

Define the transition from state `007` to `008` by introducing pricing-aware trading and position valuation behavior.

## Inputs Reviewed

*   `spec.md`
*   `plan.md`
*   `tasks.md`
*   `requirements/functional-delta.md`
*   `requirements/nonfunctional-delta.md`
*   `system/architecture.md`
*   `system/runtime-topology.md`

## Key Decisions

1.  Add market price awareness to trade and position views.
2.  Keep real-time updates aligned with NATS messaging behavior from state `006`.
3.  Preserve baseline user flows while extending functional capabilities for valuation and P&L.