Methods, apparatuses, and systems for implementing orders with minimal latency

A method for managing a plurality of input ports comprising:

• receiving, by a processor, a plurality of data packets from a plurality of input ports comprising a first input port and a second input port, wherein a first portion of the plurality of data packets define a first message and a second portion of the plurality of data packets define a second message, wherein the first message is a triggered order message and the second message comprises a message type of at least one of an order message, a cancellation message, a triggered order message, or a limit order message;
• collating, by the processor, the first portion of the plurality of data packets into the first message and the second portion of the plurality of data packets into the second message;
• sequencing, by the processor, the second message into a sequence of record based on one or more arbitration rules;
• storing, by the processor, the first message in a triggered order queue, wherein the triggered order queue comprises a triggering condition for the first message;
• evaluating, by the processor, a status of the triggering condition based on at least one of the second message, a received external condition, and historical matching information;
• entering, by the processor, an underlying order of the first message in the sequence of record based on the evaluation;
• evaluating, by the processor, using a matching algorithm, orders associated with the first message and the second message based on the sequence of record to generate matching information, and
• publishing, by the processor, the matching information over a network interface.

A computer-readable medium storing instructions that, when executed by at least one processor, cause the at least one processor to perform operations for managing a plurality of input ports, the operations comprising:

• receiving a plurality of data packets from a first input port and a second input port, wherein a first portion of the plurality of data packets define a first message and a second portion of the plurality of data packets define a second message, wherein the first message is a triggered order message and the second message comprises a message type of at least one of an order message, a cancellation message, a triggered order message, or a limit order message;
• collating the first portion of the plurality of data packets into the first message and the second portion of the plurality of data packets into the second message;
• sequencing the second message into a sequence of record based on one or more arbitration rules;
• storing the first message in a triggered order queue, wherein the triggered order queue comprises a triggering condition for the first message;
• evaluating a status of the triggering condition based on at least one of the second message, a received external condition, and historical matching information;
• entering an underlying order of the first message in the sequence of record based on the evaluation;
• evaluating using a matching algorithm, orders associated with the first message and the second message based on the sequence of record to generate matching information;
• and
• publishing, over a network interface, the matching information.