What Are the Challenges in Normalizing Contract Specifications (E.g. Expiry Formats) across Exchanges?

Exchanges use non-standardized symbols (e.g. BTC-PERP vs.

BTCUSD-SWAP) and different formats for expiry dates (e.g. YYYYMMDD vs.

YYMMDD). Normalization must handle these inconsistencies to create a unified product identifier.

Furthermore, differences in tick size, contract size, and margin calculation rules also require mapping and standardization. Incorrect normalization leads to pricing errors and failed trade executions.

How Do the Contract Specifications (E.g. Contract Size) of CME Futures Differ from Unregulated Crypto Exchanges?
What Are the Operational Challenges of Cross-Margining across Different Crypto Exchanges?
How Does Automated Trading Systems Affect the Economic Efficiency of Small RFQ Sizes?
What Are the Differences between Spatial Arbitrage and Temporal Arbitrage in the Context of Cryptocurrency Markets?
How Does the ‘Tick Size’ of an Asset Affect the Profitability of Latency Arbitrage?
What Techniques Are Used to Detect and Handle Stale or Corrupted Market Data?
What Is the Difference between a “Block Trade” and a “Tick Trade”?
What Are the Legal Challenges in Creating Secondary Markets for Security Tokens?

Glossar