Electronic Trading System
First Claim
1. An electronic trading system comprising a multi-level quality-of-service (QoS) subsystem, which subsystem is operative to impose limitations upon the initiation of electronic trading activities in order that the performance of a component of the system or of the system as a whole is maintained within specified tolerances.
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Accused Products
Abstract
An electronic trading system is disclosed for principally for trading in intangible things, particularly financial instruments. The trading system comprising a quality-of-service (QoS) subsystem, which subsystem is operative to impose limitations upon trading activities in order that the performance of a component of the system or of the system as a while is maintained within specified tolerances. For example, it may limit the number of events that can be initiated by a trader. It may also allow some messages to be routed through the system with a priority that is higher than others when such messages have a particular content (e.g. are inherently urgent in nature or essential to proper operation of the system) or are to or from a privileged user. The system also has an integrated protocol stack for routing of data to enable the location of data bottlenecks to be identified.
77 Citations
40 Claims
- 1. An electronic trading system comprising a multi-level quality-of-service (QoS) subsystem, which subsystem is operative to impose limitations upon the initiation of electronic trading activities in order that the performance of a component of the system or of the system as a whole is maintained within specified tolerances.
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20. A computer software product executable upon a computer hardware platform to perform as an electronic trading system comprising a multi-level quality-of-service (QoS) subsystem, which subsystem is operative to impose limitations upon the initiation of electronic trading activities in order that the performance of a component of the system or of the system as a whole is maintained within specified tolerances.
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21. A server in a network of trading computers comprising a computer hardware platform executing a computer software product to perform as an electronic trading system comprising a multi-level quality-of-service (QoS) subsystem, which subsystem is operative to impose limitations upon the initiation of electronic trading activities in order that the performance of a component of the system or of the system as a whole is maintained within specified tolerances.
- 22. A method of operating an electronic trading system that comprises a quality-of-service (QoS) subsystem, which subsystem imposes limitations upon initiation of trading activities in order that the performance of a component of the system or of the system as a whole is maintained within specified tolerances.
Specification