Method and apparatus for message flow and transaction queue management

• US 20100318673A1
• Filed: 05/03/2006
• Published: 12/16/2010
• Est. Priority Date: 07/15/2002
• Status: Active Grant

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: Schluetter, Jens-Uwe, Garrison, David W., Kemp, Gary Allan II, Mintz, Sagy Pundak
• Granted Patent: US 8,589,948 B2
• Time in Patent Office: Days
• US Class Current: 709/232
• CPC Class Codes: G06F 9/546 Message passing systems or structures, e.g. queues
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

Management of transaction message flow utilizing a transaction message queue. The system and method are for use in financial transaction messaging systems. The system is designed to enable an administrator to monitor, distribute, control and receive alerts on the use and status of limited network and exchange resources. Users are grouped in a hierarchical manner, preferably including user level and group level, as well as possible additional levels such as account, tradable object, membership, and gateway levels. The message thresholds may be specified for each level to ensure that transmission of a given transaction does not exceed the number of messages permitted for the user, group, account, etc.

Claims

1. A method of managing financial transaction messages sent from a gateway to an exchange comprising:

defining an entity comprising a subset of the elements associated with the gateway;

assigning a limit associated with the number of transaction messages generated by the entity;

receiving a transaction message from the entity; and

determining whether to queue the received transaction message based on the limit.

2-48. -48. (canceled)