Method and system for providing electronic information for multi-market electronic trading

• US 7,555,456 B2
• Filed: 06/08/2005
• Issued: 06/30/2009
• Est. Priority Date: 06/08/2004
• Status: Expired due to Fees

• Current Assignee: Rosenthal Collins Group LLC (Marex Spectron Group Ltd.)
• Original Assignee: Rosenthal Collins Group LLC (Marex Spectron Group Ltd.)
• Inventors: Rosenthal, Leslie, Collins, J. Robert
• Primary Examiner(s): Havan; Thu Thao
• Application Number:
  US11/147,949
• Publication Number:
  US 20050273421A1
• Time in Patent Office: 1,483 Days
• Field of Search: 705/35, 705 37- 38
• US Class Current: 705/37
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A method and system for providing electronic information for multi-market electronic trading. The method and system dramatically improve an infrastructure used by electronic traders over a communications network by separating one or more data streams from one or more trading exchange with plural different types of electronic trading information into plural separate data streams that can be selected and displayed by a user on a target device. The plural separate data streams and can be requested, displayed and used faster and more efficiently than an entire data stream including all the multiple types of electronic trading information.

Claims

1. A method for processing electronic trading information, comprising:

receiving a first data stream including a plurality of different types of electronic trading information on a server device from an electronic trading exchange via a communications network;

splitting the first data stream on the server device into a plurality of second data streams in real-time, wherein each of the plurality of second data streams includes one or more of the plurality of different types of electronic trading information from the first data stream; and

making the plurality of second data streams available in real-time to a plurality of target devices via the server devices,

thereby allowing the plurality of target devices to selectively request one or more of the plurality of second data streams from the server device in real-time and

allowing an individual target device to receive and use the one or more of the plurality of types of electronic trading information in the plurality of second data streams for electronic trading faster and more efficiently than receiving and using the same electronic trading information from the entire first data stream device,

wherein the individual target device is able to receive selected ones of the plurality of second date streams using less bandwidth from the server device and wherein processing the selected ones of the plurality of second data streams on the target device requires less processing cycles than processing the entire first data stream including all of the plurality of types of electronic trading information.

2. The method of claim 1 further comprising a computer readable medium having stored therein one or more processors to execute the steps of the method.

3. The method of claim 1 wherein the first data stream includes electronic trading information comprising:

current market data, posting and canceling of order information, order fill and status information, commentary by market analysts, or current market news.

4. The method of claim 1 wherein the server device includes a plurality of server devices.

5. The method of claim 1 wherein the communications network includes a portion of a public communications network and a portion of a private communications network.

6. The method of claim 5 wherein the portion of the public communications network includes Internet, a public switched telephone network (PSTN) or a wide area network (WAN).

7. The method of claim 5 wherein the portion of the private communications network includes an intranet or a local area network (LAN).

8. The method of claim 1 wherein the plurality of target network devices include desktop computers, laptop computers, mobile phones, stationary phones, personal information devices, Internet appliances, personal digital/data assistants (PDA) or two-way pagers.

9. The method of claim 1 wherein the server device is specifically configured for and optimized for receiving the first data stream, for splitting the first data stream into the plurality of second data streams and receiving requests from the plurality of target devices and selectively sending requested data streams from the plurality of second data streams to the plurality of target devices.

10. A method for processing electronic trading information, comprising:

receiving a first data stream including a plurality different types of electronic trading information on a first server device from an electronic trading exchange via a communications network;

sending the first data stream from the first server device to a second server device;

splitting the first data stream on the second server device into a plurality of second data streams in real-time, wherein each of the plurality of second data streams includes one or more of the plurality of different types of electronic trading information from the first data stream; and

sending the plurality second data streams from the second server device to a third server device in real-time, wherein the third server device allows a plurality of target devices to selectively request one or more of the plurality of second data streams, thereby allowing a target device to receive and use the one or more of the plurality of types of electronic trading information for electronic trading in the second data stream faster than receiving and using the same electronic trading information from the entire first data stream,

wherein the individual target device is able to receive selected ones of the plurality of second data streams using less bandwidth from the third server device and wherein processing the selected ones of the plurality of second data streams on the target device requires less processing cycles than processing the entire first data stream including all of the plurality of types of electronic trading information.

11. The method of claim 10 further comprising a computer readable medium having stored therein one or more processors to execute the steps of the method.

12. The method of claim 10 wherein the first data stream includes electronic trading information comprising:

current market data, posting and canceling of order information, order fill and status information, commentary by market analysts, or current market news.

13. The method of claim 10 wherein the plurality of target network devices include desktop computers, laptop computers, mobile phones, stationary phones, personal information devices, Internet appliances, personal digital/data assistants (PDA) or two-way pagers.

14. The method of claim 10 wherein the first server device is specifically configured for and optimized for receiving the first data stream, the second server device is specifically configured for and optimized for splitting the first data stream and the third server device is specifically configured for and optimized for receiving requests from the plurality of target devices and selectively sending the requests from the plurality of target devices and selectively sending requested data streams from the plurality of second data streams to the plurality of target devices.

15. A method for displaying electronic trading information from a plurality of data streams, comprising:

receiving one or more data streams from a plurality of second data streams on a target device from a server device via a communications network, wherein the one or more of a plurality of second data streams are split in real-time from a first data stream including a plurality of types of electronic information related to electronic trading from one or more electronic trading exchanges; and

displaying electronic trading information from the one or more of the plurality of second data streams on an electronic display on the target device in real-time, wherein the electronic display is selectively configurable by a user using the target device for electronic trading based on the selected ones of the plurality of second data streams selected,

wherein the target device is able to receive selected ones of the plurality of second data streams using less bandwidth from the server device and wherein processing and displaying the selected ones of the plurality of second data streams on the target device requires less processing cycles than processing and displaying the entire first data stream including all of the plurality of types of electronic trading information.

16. The method of claim 15 further comprising a computer readable medium having stored therein one or more processors to execute the steps of the method.

17. The method of claim 15 wherein the first server device is specifically configured for and optimized for receiving the first data stream, the second server device is specifically configured for and optimized for splitting the first data stream and the third server device is specifically configured for and optimized for receiving requests from the plurality of target devices and selectively sending the requests from the plurality of target devices and selectively sending requested data streams from the plurality of second data streams to the plurality of target devices.

18. The method of claim 15 wherein the server device includes a plurality of server devices.

19. An electronic trading information processing system, comprising in combination:

a receiving means for receiving a plurality of first data streams including a plurality different types of electronic trading information from a plurality of different electronic trading exchanges via a communications network in real-time;

a splitting means for splitting the plurality of first data streams into a plurality of second data streams in real-time, wherein each of the plurality of second data streams includes one or more of the plurality of different types of electronic trading information from the plurality of first data streams; and

a selection means for making available the plurality of the second data streams in real-time and for allowing a plurality of target devices to selectively request one or more of the plurality of second data streams in real-time, thereby allowing an individual target device to receive and use the one or more of the plurality of types of electronic trading information in the plurality of second data streams faster than receiving and using the same electronic trading information from an entire first data stream, wherein the individual target device is able to receive selected ones of the plurality of second data streams in real-time using less bandwidth from selection means and wherein processing the selected ones of the plurality of second data streams on the target device requires less processing cycles than processing the entire first data stream including all of the plurality of different types of electronic trading information.

20. The electronic trading information processing system of claim 19 further comprising:

a display means for graphically displaying the plurality of types of electronic trading information from the plurality of second data streams on a target device.

21. An electronic trading information processing system, comprising in combination:

a first module for receiving a first data stream including a plurality of different types of electronic trading information on a server device from an electronic trading exchanges via a communications network;

a second module for splitting the first data stream on the server device into a plurality of second data streams in real-time, wherein each of the plurality of second data streams includes one or more of the plurality of different types of electronic trading information from the first data stream; and

a third module for allowing a plurality of target devices to selectively request one or more of the plurality of second data streams from the server device thereby allowing an individual target device to receive and use the one or more of the plurality of types of electronic trading information in the second data stream faster and more efficiently than receiving and using the same electronic trading information from the entire first data stream, wherein the individual target device is able to receive selected ones of the plurality of second data streams using less bandwidth from the server device and wherein processing the selected ones of the plurality of second data streams on the target device requires less processing cycles than processing the entire first data stream including all of the plurality of different types of electronic trading information.

22. The electronic trading information processing system of claim 21 further comprising a fourth module for graphically displaying the plurality of types of electronic trading information from the plurality of second data streams on a target device.