Market monitoring architecture for detecting alert conditions

• US 20030040955A1
• Filed: 10/16/2002
• Published: 02/27/2003
• Est. Priority Date: 07/02/1999
• Status: Abandoned Application

• Current Assignee: Nasdaq OMX Group Incorporated (Nasdaq, Inc.)
• Original Assignee: Nasdaq Stock Market LLC (Nasdaq, Inc.)
• Inventors: Boulter, Brenda L., Neidenbach, Ann G., Anaya, Ana Gabriela
• Application Number:
  US10/272,179
• Publication Number:
  US 20030040955A1
• Time in Patent Office: Days
• US Class Current: 705/10
• CPC Class Codes: G06Q 10/0637 Strategic management or analysis, e.g. setting a goal or target of an organisation; Planning actions based on goals; Analysis or evaluation of effectiveness of goals
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

A method generates market alerts for analysts from messages for market events. The method includes receiving a plurality of incoming messages for market events, analyzing the incoming messages to detect alert conditions; and publishing alerts on a network. The alerts are published for a portion of the incoming messages for which alert conditions were detected. The alerts are published in duplicate.

Claims

1. A method of generating market alerts for analysts from messages for market events, comprises:

reformatting a plurality of incoming messages in a common format;

analyzing the incoming messages to detect alert conditions; and

publishing alerts on a network for a portion of the incoming messages in response to detecting alert conditions, the alerts being published in duplicate.

2. The method of claim 1, further comprising:

receiving the published alerts; and

detecting and discarding duplicates.

3. The method of claim 2, wherein the acts of receiving comprise:

receiving duplicate incoming messages; and

discarding duplicate messages.

4. The method of claim 1, further comprising:

publishing the reformatted incoming messages in duplicate;

receiving the reformatted messages in each alert engine; and

discarding duplicates of reformatted messages in the alert engines.

5. An automated system for detecting alerts from market event messages, comprising:

at least one line handler configured to reformat received messages for market events;

a plurality of alert engines coupled to the at least one line handler and configured to receive the reformated messages to generate alerts in response to determining messages received from the inputs correspond to an alert condition; and

at least one alert dispatcher coupled to receive the alerts generated by the alert engines and to publish a portion of said received alerts for a plurality of receivers.

6. The system of claim 5, wherein the plurality of alert engines are loosely synchronized.

7. The system of claim 5, wherein the alert dispatcher is configured to eliminate duplicate alerts.

8. The system of claim 5, wherein the alert engines are configured to eliminate duplicate market event messages.

9. The system of claim 5, further comprising:

a second alert dispatcher coupled to receive the alerts generated by the alert engines and to publish a portion of said received alerts for a plurality of receivers.

10. The system of claim 6, further comprising:

an operations monitor coupled to receive health information from the alert engines.

11. The system of claim 9, further comprising:

an operations monitor configured to receive heartbeats from the alert engines and the alert dispatchers.

12. The system of claim 6, wherein the alert engines are configured to detect a portion of the alert conditions by coordinating an analyses of at least two market events.

13. A system for detecting alert conditions from messages for market events, comprising:

a first stage to publish reformatted messages in a common format in response to receiving incoming messages for market events;

a second stage coupled to receive the reformatted messages and to publish alerts in response to determining that a portion of the reformatted messages correspond to alert conditions;

a third stage coupled to receive the alert messages from the second stage and publish a portion of said alert messages for a plurality of analyst receivers; and

wherein at least one of the stages comprises a plurality of asynchronous devices coupled to receive the same messages.

14. The system of claim 13, wherein each device is configured to send each message published by the stage to a plurality of devices.

15. The system of claim 14, wherein each stage includes redundant devices to receive and publish messages in parallel.

16. The system of claim 14, wherein the second stage configured to detect locked or crossed market and quote trade comparison alert conditions.

17. The system of claim 14, wherein the alert conditions correspond to a securities market.