Design a Order Processing for Morgan Stanley

Last updated: December 9, 2025

Quick Overview

Design a event-driven order processing system that handles millions of requests. Discuss trade-offs in consistency, availability, and performance.

Morgan Stanley
System Design
Product Manager
Morgan Stanley
December 9, 2025
Product Manager
System Design Round
System Design
Medium

1

6

4,535 solved


Design a event-driven order processing system that handles millions of requests. Discuss trade-offs in consistency, availability, and performance.

System design interviews at Morgan Stanley typically last 45-60 minutes. You are expected to drive the conversation, starting from requirements gathering through to a detailed architecture. The interviewer will evaluate your ability to handle ambiguity and make practical engineering decisions.

What the Interviewer Expects
  • Systematically gather requirements and estimate capacity (QPS, storage, bandwidth)
  • Design a scalable architecture with clear component responsibilities
  • Make well-reasoned database and caching decisions with trade-off analysis
  • Address consistency vs availability trade-offs specific to the use case
  • Discuss partitioning strategy, replication, and data modeling
  • Cover failure handling, monitoring, and alerting strategies
Key Topics to Cover
Caching strategies (local, distributed, CDN)
Failure handling and fault tolerance
Load balancing and horizontal scaling
Database selection and data modeling
How to Approach This
  1. Start by clarifying functional and non-functional requirements with the interviewer.
  2. Estimate the scale: QPS, storage, bandwidth. This drives your design decisions.
  3. Draw a high-level architecture first, then deep dive into 1-2 critical components.
  4. Discuss trade-offs explicitly (e.g., consistency vs availability, SQL vs NoSQL).
  5. Address failure scenarios, monitoring, and how the system handles 10x traffic spikes.
Possible Follow-up Questions
  • How would you handle a region-wide outage?
  • How would you handle a 10x increase in traffic overnight?
  • How would you handle schema migrations with zero downtime?
  • What happens if one of your database nodes goes down?
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Sample Answer
Requirements

Functional Requirements

  1. Order Creation: Users can place buy/sell orders for stocks, ETFs, and other financial instruments.
  2. Order Status Tracking: Users can track the status of their ...
Capacity Estimation

To estimate capacity:

  • Daily Orders: Assume Morgan Stanley handles 10 million orders per day.
  • Peak Load: During peak trading hours, assume 50% of daily orders occur in 4 hours (10 million o...

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