System and Method for Coalescing Market Data at a Network Device
AssigneeTrading Technologies International, Inc.
InventorsJens-Uwe Schluetter, Stephen A. Schwartz
Life of this patent
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Abstract
A network device coalesces data received from an exchange, and provides a user with the opportunity to receive fewer, but up-to-date, data updates from an exchange when duplicate prices become available or a large volume of prices becomes available suddenly. Accordingly, the trader can be assured of receiving non-duplicated prices that are fed at a rate that is cohesive with that trader's connection speed. The present invention is designed to conserve on bandwidth thereby increasing the likelihood that bandwidth will be available to receive desirable market information.
Claims26
A method for distributing data for a tradeable object, the method comprising:
- distributing via a network device at least part of a data stream for market updates to at least one client device, the at least part of the data stream being distributed at a selected rate for the at least one client device, where the at least part of the data stream for market updates includes coalesced market updates.
A non-transitory computer readable medium having computer executable instructions stored thereon which when executed cause a computer to carry out acts comprising:
- distributing at least part of a data stream for market updates to at least one client device, the at least part of the data stream being distributed at a selected rate for the at least one client device, where the at least part of the data stream for market updates includes coalesced market updates.
A network device for distributing market information for a tradeable object comprising:
- a data input configured to receive a data feed including market updates;
- and
- a market data processor coupled with the data input and configured to generate coalesced market data according to the data input;
- and
- at least one data output configured to distribute the coalesced market updates to at least one client device, the coalesced market data being distributed at a selected rate for the at least one at client device.
Dependencies are inferred from the claim text.