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METHOD AND SYSTEM FOR PROCESSING RAW FINANCIAL DATA STREAMS TO PRODUCE AND DISTRIBUTE STRUCTURED AND VALIDATED PRODUCT OFFERING OBJECTS

  • US 20110196839A1
  • Filed: 04/20/2011
  • Published: 08/11/2011
  • Est. Priority Date: 08/04/2000
  • Status: Active Grant
First Claim
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1. A method for processing raw data streams carrying a plurality of raw data objects containing information which is subject to periodic updates, the method comprising the steps of:

  • receiving a raw data object carried on a raw data stream input;

    processing the received raw data object to determine an object type of the raw data object;

    generating a formatted data object based on the contents of the raw data object by applying a set of formatting rules;

    determining if a prior version of the formatted data object is present in an object storage pool;

    if a prior version is present in the object storage pool;

    determining a data differential between the formatted data object and the prior version;

    updating the prior version of the formatted data object to correspond with the generated formatted data object; and

    broadcasting the data differential on an output broadcast data channel;

    otherwise, if no prior version is present in the object storage pool;

    providing the formatted data object to subscriber processes; and

    storing the formatted data object in the object storage pool.

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