Start by clarifying functional and non-functional requirements, then design the core components: APIs for alert management, a data model for alerts and user preferences, and an event-driven architecture for price ingestion and alert evaluation. Discuss trade-offs in scalability, latency, reliability, deduplication, and notification delivery, emphasizing how to handle high throughput and ensure timely alerts.
Pro tip: Focus on the critical path: price ingestion to alert evaluation to notification, and explain how you would partition and scale each component. Demonstrate awareness of real-world constraints like market data volatility, user experience during market hours, and cost of notifications.
Ask questions to understand scale (users, alerts, securities), latency requirements (real-time vs. near-real-time), supported notification channels, and reliability guarantees. Define functional requirements: create/update/delete alerts, threshold crossing detection, and multi-channel notifications.
Define RESTful APIs for alert CRUD operations and user preferences. Design a data model for alerts (user_id, symbol, threshold, direction, status) and notifications, considering storage choices (SQL vs. NoSQL) for scalability and query patterns.
Propose an event-driven architecture: market data ingestion, a stream processing layer for alert evaluation, and a notification service. Discuss components like message queues (Kafka), stream processors (Flink), and databases for alert state.
Explain how to evaluate alerts efficiently: maintain a mapping of symbols to alerts, process price ticks in real-time, and detect threshold crossings. Implement deduplication to avoid repeated notifications for the same crossing, using state stores or caches.
Discuss partitioning by symbol for parallel processing, ensuring low latency via in-memory computation, and achieving reliability with at-least-once processing and idempotent notifications. Cover notification delivery via push, email, SMS with retries, fallbacks, and user preferences.
AI-generated suggestions, not part of the candidate's original notes. May be inaccurate — verify before relying on them.