Interest dissemination process and method
AssigneeThe NASDAQ OMX Group, Inc.
InventorsBrian Moore, Kenneth M. Richmond, Coleen Erin McGrath
Life of this patent
Estimating the term…
Abstract
A system to disseminate attributable interest information includes an internal interface that receives attributable interest messages concerning a specific security that is traded on a computerized trading system. Each attributable interest message includes a lot size, a per unit value, and a market participant identifier. An interest grouping process groups the attributable interest messages according to their per unit values, forming a plurality of price level groups. An external interface publishes, over an information bus, the attributable interest messages included in one or more selected price level groups that are chosen from the plurality of price level groups.
Claims37
A system to disseminate attributable interest information comprising:
- an internal interface that receives attributable interest messages concerning a specific security that is traded on a computerized trading system, wherein each attributable interest message includes a lot size, a per unit value, and a market participant identifier;
- an interest grouping process for grouping the attributable interest messages according to their per unit values, forming a plurality of price level groups;
- and
- an external interface for publishing, over an information bus, the attributable interest messages included in one or more selected price level groups that are chosen from the plurality of price level groups.
A method of disseminating attributable interest information comprising:
- receiving attributable interest messages concerning a specific security that is traded on a computerized trading system, wherein each attributable interest message includes a lot size, a per unit value, and a market participant identifier;
- grouping the attributable interest messages according to their per unit values, forming a plurality of price level groups;
- and
- publishing, over an information bus, the attributable interest messages included in one or more selected price level groups that are chosen from the plurality of price level groups.
A computer program product residing on a computer readable medium having a plurality of instructions stored thereon which, when executed by the processor, cause that processor to:
- receive attributable interest messages concerning a specific security that is traded on a computerized trading system, wherein each attributable interest message includes a lot size, a per unit value, and a market participant identifier;
- group the attributable interest messages according to their per unit values, forming a plurality of price level groups;
- and
- publish, over an information bus, the attributable interest messages included in one or more selected price level groups that are chosen from the plurality of price level groups.
A message feed for disseminating attributable interest information comprising:
- a plurality of attributable interest messages broadcast onto a distributed computing network, the messages includes a lot size, a per unit value, and a market participant identifier,
- wherein the plurality of attributable interest messages are grouped according to their per unit value prior to broadcast, thus forming a plurality of price group levels.
Dependencies are inferred from the claim text.