System and Method for Processing Quotes Using an Integrated Circuit
AssigneeInternational Securities Exchange, LLC
InventorGreg J. Maynard
Life of this patent
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Abstract
Systems, methods, and computer programs for receiving and processing messages for a financial exchange comprising a matcher server integrated circuit such as an FPGA or ASIC component configured to receive and process information associated with a financial instrument operatively connected to the matcher server, wherein the integrated circuit component is configured to receive and store a plurality of messages from at least one computer server, each message of the plurality of messages being comprised of at least one message type.
Claims24
A system for receiving and processing messages for a financial exchange comprising:
- a matcher server;
- and
- a integrated circuit component configured to receive and process information associated with a financial instrument operatively connected to the matching server,
- wherein the integrated circuit component is configured to receive and store a plurality of messages from at least one computer server, each message of the plurality of messages being comprised of at least one message type.
A method for generating market data by an integrated circuit component comprising:
- receiving order information from a matcher server;
- electronically updating a quote for a financial instrument order in a data record;
- pulling all information relating to market data from instruments contained in the data record;
- generating the market data from the pulled information.
A method for determining the state of an underlying market using an integrated circuit component comprising:
- receiving trading state messages in the integrated circuit component, wherein the trading states indicates that the state of an underlying financial instrument has changed;
- and
- if trading state of underlying market has changed, sending a notice from the integrated circuit component to a matcher server relating to the contents of the trading state message.
Dependencies are inferred from the claim text.