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
Estimating the term…
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.
Claims18
A method for distributing data for a tradeable object, the method comprising:
- measuring via a network device at least one of a latency and bandwidth for distributing a data feed to at least one client device at a level of service, the data feed including market data;
- automatically adjusting via the network device the level of service to an adjusted level of service according to at least one of the measured latency and the measured bandwidth;
- and
- distributing via the network device the data feed at the adjusted level of service, where the market data includes coalesced market updates in response to the data feed being provided at a rate being greater than the adjusted level of service.
A non-transitory computer readable medium having computer executable instructions stored thereon which when executed cause a computer to carry out acts comprising:
- measuring at least one of latency and bandwidth for distributing a data feed to at least one client device at a level of service, the data feed including market data;
- automatically adjusting the level of service to an adjusted level of service according to at least one of the measured latency and the measured bandwidth;
- and
- distributing the data feed at the adjusted level of service, where the market updates includes coalesced market updates in response to the data feed being provided at a rate being greater than the adjusted level of service.
Dependencies are inferred from the claim text.