System and Method for Coalescing Market Data at a Network Device
AssigneeTrading Technologies International, Inc.
InventorsJens-Uwe Schluetter, Stephen A. Schwarz
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.
Claims11
(canceled)
A network device for distributing data for a tradeable object, the network device comprising:
- an electronic processor;
- a data feed input coupled with the electronic processor and configured receive market data at a first rate;
- and
- a market data output coupled with the electronic processor and configured to distribute market data to a plurality of client devices, where for each client device of the plurality of client devices the market data is distributed at a level of service for a respective connection between the network device and the client device and where the market data includes coalesced market updates in response to the market data being received at the network device at a rate being greater than the level of service.
Dependencies are inferred from the claim text.