diff --git a/data/exchanges/exceptions.py b/data/exchanges/exceptions.py
new file mode 100644
index 0000000..82311a6
--- /dev/null
+++ b/data/exchanges/exceptions.py
@@ -0,0 +1,30 @@
+"""
+Custom exceptions for the exchanges module.
+
+This module contains all custom exceptions used in the exchanges package
+to provide more specific error handling and better error messages.
+"""
+
+class ExchangeError(Exception):
+    """Base exception for all exchange-related errors."""
+    pass
+
+class ExchangeNotSupportedError(ExchangeError):
+    """Raised when an exchange is not supported or not found in registry."""
+    pass
+
+class InvalidConfigurationError(ExchangeError):
+    """Raised when exchange configuration is invalid."""
+    pass
+
+class CollectorCreationError(ExchangeError):
+    """Raised when there's an error creating a collector instance."""
+    pass
+
+class ExchangeConnectionError(ExchangeError):
+    """Raised when there's an error connecting to an exchange."""
+    pass
+
+class ValidationError(ExchangeError):
+    """Raised when validation fails for exchange parameters."""
+    pass 
\ No newline at end of file
diff --git a/data/exchanges/factory.py b/data/exchanges/factory.py
index 666d6aa..7e7b673 100644
--- a/data/exchanges/factory.py
+++ b/data/exchanges/factory.py
@@ -6,12 +6,22 @@ from different exchanges based on configuration.
 """
 
 import importlib
-from typing import Dict, List, Optional, Any, Type
+from typing import Dict, List, Optional, Any, Type, Tuple
 from dataclasses import dataclass
 
+from utils.logger import get_logger
 from ..base_collector import BaseDataCollector, DataType
 from .registry import EXCHANGE_REGISTRY, get_supported_exchanges, get_exchange_info
+from .exceptions import (
+    ExchangeError, 
+    ExchangeNotSupportedError, 
+    InvalidConfigurationError,
+    CollectorCreationError,
+    ValidationError
+)
 
+# Initialize logger
+logger = get_logger('exchanges')
 
 @dataclass
 class ExchangeCollectorConfig:
@@ -24,6 +34,16 @@ class ExchangeCollectorConfig:
     store_raw_data: bool = True
     custom_params: Optional[Dict[str, Any]] = None
 
+    def __post_init__(self):
+        """Validate configuration after initialization."""
+        if not self.exchange:
+            raise InvalidConfigurationError("Exchange name cannot be empty")
+        if not self.symbol:
+            raise InvalidConfigurationError("Symbol cannot be empty")
+        if not self.data_types:
+            raise InvalidConfigurationError("At least one data type must be specified")
+        logger.debug(f"Created collector config for {self.exchange} {self.symbol}")
+
 
 class ExchangeFactory:
     """Factory for creating exchange-specific data collectors."""
@@ -40,15 +60,17 @@ class ExchangeFactory:
             Instance of the appropriate collector class
             
         Raises:
-            ValueError: If exchange is not supported
-            ImportError: If collector class cannot be imported
+            ExchangeNotSupportedError: If exchange is not supported
+            CollectorCreationError: If collector creation fails
         """
         exchange_name = config.exchange.lower()
+        logger.info(f"Creating collector for {exchange_name} {config.symbol}")
         
         if exchange_name not in EXCHANGE_REGISTRY:
             supported = get_supported_exchanges()
-            raise ValueError(f"Exchange '{config.exchange}' not supported. "
-                           f"Supported exchanges: {supported}")
+            error_msg = f"Exchange '{config.exchange}' not supported. Supported exchanges: {supported}"
+            logger.error(error_msg)
+            raise ExchangeNotSupportedError(error_msg)
         
         exchange_info = get_exchange_info(exchange_name)
         collector_class_path = exchange_info['collector']
@@ -58,6 +80,7 @@ class ExchangeFactory:
         
         try:
             # Import the module
+            logger.debug(f"Importing collector module {module_path}")
             module = importlib.import_module(module_path)
             
             # Get the collector class
@@ -77,12 +100,17 @@ class ExchangeFactory:
                 collector_args.update(config.custom_params)
             
             # Create and return the collector instance
+            logger.info(f"Successfully created collector for {exchange_name} {config.symbol}")
             return collector_class(**collector_args)
             
         except ImportError as e:
-            raise ImportError(f"Failed to import collector class '{collector_class_path}': {e}")
+            error_msg = f"Failed to import collector class '{collector_class_path}': {e}"
+            logger.error(error_msg)
+            raise CollectorCreationError(error_msg) from e
         except Exception as e:
-            raise RuntimeError(f"Failed to create collector for '{config.exchange}': {e}")
+            error_msg = f"Failed to create collector for '{config.exchange}': {e}"
+            logger.error(error_msg)
+            raise CollectorCreationError(error_msg) from e
     
     @staticmethod
     def create_multiple_collectors(configs: List[ExchangeCollectorConfig]) -> List[BaseDataCollector]:
@@ -96,15 +124,17 @@ class ExchangeFactory:
             List of collector instances
         """
         collectors = []
+        logger.info(f"Creating {len(configs)} collectors")
         
         for config in configs:
             try:
                 collector = ExchangeFactory.create_collector(config)
                 collectors.append(collector)
-            except Exception as e:
-                # Log error but continue with other collectors
-                print(f"Failed to create collector for {config.exchange} {config.symbol}: {e}")
+                logger.debug(f"Successfully created collector for {config.exchange} {config.symbol}")
+            except ExchangeError as e:
+                logger.error(f"Failed to create collector for {config.exchange} {config.symbol}: {e}")
         
+        logger.info(f"Successfully created {len(collectors)} out of {len(configs)} collectors")
         return collectors
     
     @staticmethod
@@ -140,7 +170,7 @@ class ExchangeFactory:
         return []
     
     @staticmethod
-    def validate_config(config: ExchangeCollectorConfig) -> bool:
+    def validate_config(config: ExchangeCollectorConfig) -> Tuple[bool, List[str]]:
         """
         Validate collector configuration.
         
@@ -148,25 +178,34 @@ class ExchangeFactory:
             config: Configuration to validate
             
         Returns:
-            True if valid, False otherwise
+            Tuple of (is_valid, list_of_errors)
         """
+        logger.debug(f"Validating configuration for {config.exchange} {config.symbol}")
+        errors = []
+        
         # Check if exchange is supported
         if config.exchange.lower() not in EXCHANGE_REGISTRY:
-            return False
+            errors.append(f"Exchange '{config.exchange}' not supported")
         
         # Check if symbol is supported
         supported_pairs = ExchangeFactory.get_supported_pairs(config.exchange)
         if supported_pairs and config.symbol not in supported_pairs:
-            return False
+            errors.append(f"Symbol '{config.symbol}' not supported for {config.exchange}")
         
         # Check if data types are supported
         supported_data_types = ExchangeFactory.get_supported_data_types(config.exchange)
         if supported_data_types:
             for data_type in config.data_types:
                 if data_type.value not in supported_data_types:
-                    return False
+                    errors.append(f"Data type '{data_type.value}' not supported for {config.exchange}")
         
-        return True
+        is_valid = len(errors) == 0
+        if not is_valid:
+            logger.warning(f"Configuration validation failed for {config.exchange}: {errors}")
+        else:
+            logger.debug(f"Configuration validation passed for {config.exchange}")
+            
+        return is_valid, errors
 
 
 def create_okx_collector(symbol: str, 
@@ -186,6 +225,8 @@ def create_okx_collector(symbol: str,
     if data_types is None:
         data_types = [DataType.TRADE, DataType.ORDERBOOK]
     
+    logger.debug(f"Creating OKX collector for {symbol}")
+    
     config = ExchangeCollectorConfig(
         exchange='okx',
         symbol=symbol,
diff --git a/data/exchanges/registry.py b/data/exchanges/registry.py
index ae6775e..934e23d 100644
--- a/data/exchanges/registry.py
+++ b/data/exchanges/registry.py
@@ -5,6 +5,12 @@ This module contains the registry of supported exchanges and their capabilities,
 separated to avoid circular import issues.
 """
 
+from utils.logger import get_logger
+from .exceptions import ExchangeNotSupportedError
+
+# Initialize logger
+logger = get_logger('exchanges')
+
 # Exchange registry for factory pattern
 EXCHANGE_REGISTRY = {
     'okx': {
@@ -17,11 +23,33 @@ EXCHANGE_REGISTRY = {
 }
 
 
-def get_supported_exchanges():
+def get_supported_exchanges() -> list:
     """Get list of supported exchange names."""
-    return list(EXCHANGE_REGISTRY.keys())
+    exchanges = list(EXCHANGE_REGISTRY.keys())
+    logger.debug(f"Available exchanges: {exchanges}")
+    return exchanges
 
 
-def get_exchange_info(exchange_name: str):
-    """Get information about a specific exchange."""
-    return EXCHANGE_REGISTRY.get(exchange_name.lower()) 
\ No newline at end of file
+def get_exchange_info(exchange_name: str) -> dict:
+    """
+    Get information about a specific exchange.
+    
+    Args:
+        exchange_name: Name of the exchange
+        
+    Returns:
+        Dictionary containing exchange information
+        
+    Raises:
+        ExchangeNotSupportedError: If exchange is not found in registry
+    """
+    exchange_name = exchange_name.lower()
+    exchange_info = EXCHANGE_REGISTRY.get(exchange_name)
+    
+    if not exchange_info:
+        error_msg = f"Exchange '{exchange_name}' not found in registry"
+        logger.error(error_msg)
+        raise ExchangeNotSupportedError(error_msg)
+        
+    logger.debug(f"Retrieved info for exchange: {exchange_name}")
+    return exchange_info 
\ No newline at end of file
diff --git a/docs/modules/exchanges/README.md b/docs/modules/exchanges/README.md
index 9199c33..c686a34 100644
--- a/docs/modules/exchanges/README.md
+++ b/docs/modules/exchanges/README.md
@@ -1,43 +1,44 @@
 # Exchange Integrations
 
-This section provides documentation for integrating with different cryptocurrency exchanges.
+## Overview
+This module provides a standardized interface for collecting real-time data from various cryptocurrency exchanges. It uses a modular architecture that allows easy addition of new exchanges while maintaining consistent behavior and error handling.
 
-## Architecture
+## Documentation Structure
 
-The platform uses a modular architecture for exchange integration, allowing for easy addition of new exchanges without modifying core application logic.
+- **[Technical Documentation](exchanges.md)**: Detailed technical documentation of the exchange module architecture, including factory pattern, configuration, and error handling.
+- **Exchange-Specific Implementations**:
+  - **[OKX](okx_collector.md)**: Complete guide for OKX exchange integration
 
-### Core Components
+## Quick Links
 
-- **`BaseDataCollector`**: An abstract base class defining the standard interface for all exchange collectors.
-- **`ExchangeFactory`**: A factory for creating exchange-specific collector instances.
-- **Exchange-Specific Modules**: Each exchange has its own module containing the collector implementation and any specific data processing logic.
+- [Data Collection Architecture](../data_collectors.md)
+- [Error Handling Guide](../error_handling.md)
+- [Logging Configuration](../logging.md)
 
-For a high-level overview of the data collection system, see the [Data Collectors Documentation (`../data_collectors.md`)](../data_collectors.md).
+## Exchange Status
 
-## Supported Exchanges
+| Exchange | Status | Features | Documentation |
+|----------|---------|-----------|---------------|
+| OKX | ✅ Production | Trades, Order Book, Ticker, Candles | [Guide](okx_collector.md) |
+| Binance | 🔄 Planned | TBD | - |
+| Coinbase | 🔄 Planned | TBD | - |
 
-### OKX
-- **Status**: Production Ready
-- **Features**: Real-time trades, order book, and ticker data.
-- **Documentation**: [OKX Collector Guide (`okx.md`)]
+## Adding New Exchanges
 
-### Binance
-- **Status**: Planned
-- **Features**: To be determined.
+See [Technical Documentation](exchanges.md) for detailed implementation guide.
 
-### Coinbase
-- **Status**: Planned
-- **Features**: To be determined.
+Key Steps:
+1. Create exchange module in `data/exchanges/`
+2. Implement collector class extending `BaseDataCollector`
+3. Add WebSocket/REST implementations
+4. Register in `ExchangeFactory`
+5. Add documentation
 
-## Adding a New Exchange
+## Support
 
-To add support for a new exchange, you need to:
-
-1.  Create a new module in the `data/exchanges/` directory.
-2.  Implement a new collector class that inherits from `BaseDataCollector`.
-3.  Implement the exchange-specific WebSocket connection and data parsing logic.
-4.  Register the new collector in the `ExchangeFactory`.
-5.  Add a new documentation file in this directory explaining the implementation details.
+- Report issues in the project issue tracker
+- See [Contributing Guide](../../CONTRIBUTING.md) for development guidelines
+- Check [Known Issues](exchanges.md#known-issues) for current limitations
 
 ---
-*Back to [Modules Documentation (`../README.md`)]* 
\ No newline at end of file
+*Back to [Main Documentation](../../README.md)* 
\ No newline at end of file
diff --git a/docs/modules/exchanges/exchanges.md b/docs/modules/exchanges/exchanges.md
new file mode 100644
index 0000000..a572180
--- /dev/null
+++ b/docs/modules/exchanges/exchanges.md
@@ -0,0 +1,207 @@
+# Exchange Module Technical Documentation
+
+## Implementation Guide
+
+### Core Components
+
+1. **Base Collector**
+   - Inherit from `BaseDataCollector`
+   - Implement required abstract methods
+   - Handle connection lifecycle
+
+2. **WebSocket Client**
+   - Implement exchange-specific WebSocket handling
+   - Manage subscriptions and message parsing
+   - Handle reconnection logic
+
+3. **Configuration**
+   - Define exchange-specific parameters
+   - Implement validation rules
+   - Set up default values
+
+### Factory Implementation
+
+The `ExchangeFactory` uses a registry pattern for dynamic collector creation:
+
+```python
+@dataclass
+class ExchangeCollectorConfig:
+    """Configuration for creating an exchange collector."""
+    exchange: str
+    symbol: str
+    data_types: List[DataType]
+    auto_restart: bool = True
+    health_check_interval: float = 30.0
+    store_raw_data: bool = True
+    custom_params: Optional[Dict[str, Any]] = None
+
+    def __post_init__(self):
+        """Validate configuration after initialization."""
+        if not self.exchange:
+            raise InvalidConfigurationError("Exchange name cannot be empty")
+        if not self.symbol:
+            raise InvalidConfigurationError("Symbol cannot be empty")
+        if not self.data_types:
+            raise InvalidConfigurationError("At least one data type must be specified")
+```
+
+### Registry Configuration
+
+Exchange capabilities are defined in the registry:
+
+```python
+EXCHANGE_REGISTRY = {
+    'okx': {
+        'collector': 'data.exchanges.okx.collector.OKXCollector',
+        'websocket': 'data.exchanges.okx.websocket.OKXWebSocketClient',
+        'name': 'OKX',
+        'supported_pairs': ['BTC-USDT', 'ETH-USDT', 'SOL-USDT', 'DOGE-USDT', 'TON-USDT'],
+        'supported_data_types': ['trade', 'orderbook', 'ticker', 'candles']
+    }
+}
+```
+
+### Error Handling
+
+Custom exceptions hierarchy for precise error handling:
+
+```python
+class ExchangeError(Exception):
+    """Base exception for all exchange-related errors."""
+    pass
+
+class ExchangeNotSupportedError(ExchangeError):
+    """Exchange not supported/found in registry."""
+    pass
+
+class InvalidConfigurationError(ExchangeError):
+    """Invalid exchange configuration."""
+    pass
+
+# Usage example:
+try:
+    collector = ExchangeFactory.create_collector(config)
+except ExchangeNotSupportedError as e:
+    logger.error(f"Exchange not supported: {e}")
+except InvalidConfigurationError as e:
+    logger.error(f"Invalid configuration: {e}")
+```
+
+### Logging Integration
+
+The module uses the project's unified logging system:
+
+```python
+from utils.logger import get_logger
+
+logger = get_logger('exchanges')
+
+class ExchangeFactory:
+    @staticmethod
+    def create_collector(config: ExchangeCollectorConfig) -> BaseDataCollector:
+        logger.info(f"Creating collector for {config.exchange} {config.symbol}")
+        try:
+            # Implementation
+            logger.debug("Collector created successfully")
+        except Exception as e:
+            logger.error(f"Failed to create collector: {e}")
+            raise
+```
+
+## Testing Guidelines
+
+### Unit Tests
+
+```python
+def test_exchange_factory_validation():
+    """Test configuration validation."""
+    config = ExchangeCollectorConfig(
+        exchange="okx",
+        symbol="BTC-USDT",
+        data_types=[DataType.TRADE]
+    )
+    is_valid, errors = ExchangeFactory.validate_config(config)
+    assert is_valid
+    assert not errors
+
+def test_invalid_exchange():
+    """Test handling of invalid exchange."""
+    with pytest.raises(ExchangeNotSupportedError):
+        ExchangeFactory.create_collector(
+            ExchangeCollectorConfig(
+                exchange="invalid",
+                symbol="BTC-USDT",
+                data_types=[DataType.TRADE]
+            )
+        )
+```
+
+### Integration Tests
+
+```python
+async def test_collector_lifecycle():
+    """Test collector startup and shutdown."""
+    collector = create_okx_collector("BTC-USDT")
+    
+    await collector.start()
+    assert collector.is_running()
+    
+    await asyncio.sleep(5)  # Allow time for connection
+    status = collector.get_status()
+    assert status['status'] == 'running'
+    
+    await collector.stop()
+    assert not collector.is_running()
+```
+
+## Performance Considerations
+
+1. **Memory Management**
+   - Implement proper cleanup in collector shutdown
+   - Monitor message queue sizes
+   - Clear unused subscriptions
+
+2. **Connection Management**
+   - Implement exponential backoff for reconnections
+   - Monitor connection health
+   - Handle rate limits properly
+
+3. **Data Processing**
+   - Process messages asynchronously
+   - Batch updates when possible
+   - Use efficient data structures
+
+## Future Improvements
+
+1. **Rate Limiting**
+   ```python
+   class ExchangeRateLimit:
+       def __init__(self, requests_per_second: int):
+           self.rate = requests_per_second
+           self.tokens = requests_per_second
+           self.last_update = time.time()
+   ```
+
+2. **Automatic Retries**
+   ```python
+   async def with_retry(func, max_retries=3, backoff_factor=1.5):
+       for attempt in range(max_retries):
+           try:
+               return await func()
+           except ExchangeError as e:
+               if attempt == max_retries - 1:
+                   raise
+               wait_time = backoff_factor ** attempt
+               await asyncio.sleep(wait_time)
+   ```
+
+3. **Exchange-Specific Validation**
+   ```python
+   class ExchangeValidator:
+       def __init__(self, exchange_info: dict):
+           self.rules = exchange_info.get('validation_rules', {})
+           
+       def validate_symbol(self, symbol: str) -> bool:
+           pattern = self.rules.get('symbol_pattern')
+           return bool(re.match(pattern, symbol))
+   ``` 
\ No newline at end of file