Market data message format
First Claim
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1. A method of distributing market data, the method comprising:
- (a) transmitting from a computer device a first template defining a plurality of fields;
(b) transmitting from the computer device a first market data message having a plurality of fields separated by delimiters and formatted in accordance with the first template;
(c) after (b) transmitting from the computer device a second template defining a plurality of fields and being different from the first template; and
(d) transmitting from the computer device a second market data message having a plurality of fields separated by delimiters and formatted in accordance with the second template.
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Abstract
Systems and methods are provided for communicating and processing market data. The market data may comprise quotes, orders, trades and/or statistics. A messaging structure allows for adding, re-ordering and/or expanding data, within the printable character set of any language. One or more delimiters are defined and used to delimit data elements within the message structure. The data is interpreted based on templates which may be disseminated prior to the sending of messages and used as an abstraction so that the meaning of data need not be conveyed in the message.
56 Citations
20 Claims
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1. A method of distributing market data, the method comprising:
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(a) transmitting from a computer device a first template defining a plurality of fields; (b) transmitting from the computer device a first market data message having a plurality of fields separated by delimiters and formatted in accordance with the first template; (c) after (b) transmitting from the computer device a second template defining a plurality of fields and being different from the first template; and (d) transmitting from the computer device a second market data message having a plurality of fields separated by delimiters and formatted in accordance with the second template. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14)
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15. An exchange computer system configured to distribute market data, the system comprising:
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a processor; a computer-readable medium containing computer-executable instructions that, when executed by the processor, cause the system to perform the steps comprising; (a) transmitting a first template defining a plurality of fields; (b) transmitting a first market data message having a plurality of fields separated by delimiters and formatted in accordance with the first template; (c) after (b) transmitting a second template defining a plurality of fields and being different from the first template; and (d) transmitting a second market data message having a plurality of fields separated by delimiters and formatted in accordance with the second template. - View Dependent Claims (16, 17, 18, 19, 20)
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Specification