1. JSystemTrader is how it all started and is the mother of the other three 
platforms. However, JSystemTrader's development stopped years ago, so it's 
pretty much abandoned. What distinguishes JSystemTrader from the rest is the 
nature of the market data, which is high-low-open-close price bars.

2. JBookTrader is the most active among the four. The market data is 
represented by the 1-second snapshots of the exchange limit order book. 

3. JBookTrader-fg is a development branch of JBookTrader meant for 
experimental features, such as database support, multi-broker support, 
command line support, multi-purpose reporting, portfolio management, etc. At 
some point, there where a lot of activities in that branch, but the effort 
did not persist. 

4. JArbitrager is an auto-trading platform specifically for pair trading. 

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