×

System and method for providing market updates in an electronic trading environment

  • US 7,783,558 B1
  • Filed: 12/28/2004
  • Issued: 08/24/2010
  • Est. Priority Date: 12/28/2004
  • Status: Active Grant
First Claim
Patent Images

1. A computer-implemented method for providing market updates in an electronic trading environment, the method including:

  • receiving by a gateway a definition for an event, wherein the definition for the event includes a predefined time period;

    receiving by the gateway market data from an electronic exchange, wherein the market data is related to a tradeable object being traded at the electronic exchange, wherein the market data includes market depth information for the tradeable object;

    generating by the gateway a first market update to be sent to a client entity, wherein the first market update includes a first set of market depth levels, wherein each market depth level in the first set is based on the market depth information and includes a quantity available for trading the tradeable object at a price level, wherein the first set includes a first number of market depth levels;

    sending by the gateway the first market update to the client entity;

    determining by the gateway whether the event has been detected, wherein the event is detected when the current time is within the predefined time period defined for the event;

    generating by the gateway a second market update to be sent to the client entity, wherein the second market update includes a second set of market depth levels, wherein each market depth level in the second set is based on the market depth information and includes a quantity available for trading the tradeable object at a price level, wherein the second set includes a second number of market depth levels, wherein the second number of market depth levels is determined based on detection of the event, wherein the second number of market depth levels is different from the first number of market depth levels in response to the event being detected; and

    sending by the gateway the second market update to the client entity.

View all claims
  • 4 Assignments
Timeline View
Assignment View
    ×
    ×