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System for aggregating executions in a communication network for securities transactions and the like

  • US 7,818,236 B2
  • Filed: 09/13/2004
  • Issued: 10/19/2010
  • Est. Priority Date: 09/13/2004
  • Status: Active Grant
First Claim
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1. A method for reducing the number of partial original execution reports being conveyed by a communications system for a single security, said method comprising:

  • intercepting, by a computer positioned between a market and a trading system, a streaming of partial original execution reports for said single security over a definable time period, each of said streaming of partial original execution reports resulting from an order for said single security;

    storing said streaming of partial original execution reports;

    aggregating said streaming of partial original execution reports and synthesizing one or more synthetic execution reports comprising predetermined parameters; and

    transmitting said one or more synthetic execution reports when prescribed conditions are satisfied and at a slower rate than would be issued as said partial original execution reports.

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