System and method for improved distribution of market information
First Claim
1. A method for maximizing the distribution of market information in an electronic trading environment, the method comprising:
- determining a bandwidth limit for a communication link that is used in distributing market information related to a tradeable object from an electronic market via a computing device;
selecting a first mode of transmission from a plurality of modes of transmission for distributing the market information via the computing device, wherein the first mode of transmission comprises sending a new market update message from the electronic market when a change in a market order book is detected;
determining whether the bandwidth limit for the communication link is reached via the computing device; and
in response to determining whether the bandwidth limit for the communication link is reached, dynamically selecting between the first mode of transmission and a second mode of transmission, the second mode of transmission for distributing the market information from a the plurality of modes of transmission via the computing device,wherein the second mode of transmission comprises sending a new market information snapshot at a predetermined time interval being dynamically adjustable according to bandwidth utilization of the communication link,wherein the market information snapshot comprises an inside market for the tradeable object including a best bid price and a best ask price currently available for the tradeable object.
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Abstract
A data distribution system and method are described herein to improve the distribution of market information to subscribing client devices. Market information updates are provided to subscribing devices over a communication link every time a change in the market occurs. If a bandwidth limitation is reached on the communication link, the preferred embodiments switch to a second mode of transmission such that the market information updates are provided only at predetermined intervals. The preferred embodiment monitors the bandwidth consumption to determine what mode of transmission to apply, and in response, it can dynamically change between modes of transmission. By dynamically adjusting the mode of transmission to comport with the current network bandwidth, the preferred embodiments may provide a network friendly, data intensive, and fast response market information feed.
61 Citations
10 Claims
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1. A method for maximizing the distribution of market information in an electronic trading environment, the method comprising:
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determining a bandwidth limit for a communication link that is used in distributing market information related to a tradeable object from an electronic market via a computing device; selecting a first mode of transmission from a plurality of modes of transmission for distributing the market information via the computing device, wherein the first mode of transmission comprises sending a new market update message from the electronic market when a change in a market order book is detected; determining whether the bandwidth limit for the communication link is reached via the computing device; and in response to determining whether the bandwidth limit for the communication link is reached, dynamically selecting between the first mode of transmission and a second mode of transmission, the second mode of transmission for distributing the market information from a the plurality of modes of transmission via the computing device, wherein the second mode of transmission comprises sending a new market information snapshot at a predetermined time interval being dynamically adjustable according to bandwidth utilization of the communication link, wherein the market information snapshot comprises an inside market for the tradeable object including a best bid price and a best ask price currently available for the tradeable object. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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Specification