Electronic trading data integration and protection system
First Claim
1. A market data protection system for electronically protecting the contents of a market database from digital reproduction by a user while allowing the user to use the market data, the system comprising:
- a data interface having market data belonging to an exchange entity;
an external data source generated from an application program having user generated data;
a trader module coupled to the data interface, the trader module generating a data display allowing display of the market data belonging to the exchange entity, and data imported from the external data source; and
wherein the market data displayed cannot be exported to an external software application.
1 Assignment
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Accused Products
Abstract
A trading system is disclosed which allows an exchange to protect market data from electronic reproduction by traders but allows the traders to use the market data (such as the last traded price, current resting bids and offers) to assist in making the trades. The system includes an exchange server having a database having market data relating to commodities traded over the exchange. A group of trader computers each having a display are coupled to the exchange server. The trader computers have a trader interface run on the computer allowing each trader to place and accept orders for commodities traded over the exchange. The trader interface is capable of receiving market data from the exchange server. An external data source such as an Excel spreadsheet is stored on the trader computer having at least one data field. A trader module is coupled to the trader interface and external data source. The trader module reads market data from the trader interface and the at least one data field of the external data source. The trader module displays the market data and the one data field on the display. The displayed data cannot be exported to the external data source but can be used to make trading decisions and manage orders.
60 Citations
21 Claims
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1. A market data protection system for electronically protecting the contents of a market database from digital reproduction by a user while allowing the user to use the market data, the system comprising:
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a data interface having market data belonging to an exchange entity;
an external data source generated from an application program having user generated data;
a trader module coupled to the data interface, the trader module generating a data display allowing display of the market data belonging to the exchange entity, and data imported from the external data source; and
wherein the market data displayed cannot be exported to an external software application. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A trading system which allows an exchange to protect market data from electronic reproduction by traders, the system comprising:
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an exchange server having a database having market data relating to commodities traded over the exchange;
a trader computer having a display coupled to the exchange server;
a trader interface run on the trader computer allowing a trader to place and accept orders for commodities traded over the exchange, the trader interface capable of receiving market data from the exchange server;
an external data source stored on the trader computer having at least one data field;
a trader module coupled to the trader interface and external data source, the trader module being capable of reading market data from the trader interface and the at least one data field of the external data source and display the market data and the one data field on the display, wherein the displayed data cannot be read by the external data source. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20)
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21. A method of providing a trader access to market data from a trading exchange server for calculations based on the market data while preventing the trader from electronically copying the market data, comprising:
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sending market data from the exchange server;
receiving the market data on a trader interface;
providing an external data source;
allowing the market data to be displayed on the trader interface and data to be copied from the external data source; and
preventing data from the trader interface to be copied by the external data source.
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Specification