Sticky order routers
A sticky order routing system may include multiple order routers in communication with an electronic exchange for communicating transaction messages. Each of the order routers communicates transaction messages between multiple associated trading sessions and the electronic exchange, where of the associated trading sessions is assigned to the order router in communication with the electronic exchange. Transaction message traffic between the order routers and the electronic exchange is monitored, such as randomly, based on round-robin assignment, and/or trading data. In response to transaction message traffic exceeding a threshold, the trading session may be assigned to a new order router.
1. An order routing system comprising:
a client device;
a gateway including a traffic monitor configured to:
assign a trading session for the client device to a first order router of a plurality of order routers;
compare communications traffic between the first order router and an electronic exchange for the trading session to a predetermined communications threshold, wherein the trading session includes multiple electronic trading communications from the client device to the electronic exchange and from the electronic exchange to the client device for transacting orders for a tradeable object at the electronic exchange through the first order router;
determine whether the communications traffic exceeds the predetermined communications threshold; and
in response to determining that the communications traffic exceeds the predetermined communications threshold, re-assign the trading session to a second order router of the plurality of order routers in communication with the electronic exchange, wherein, subsequent to the re-assignment of the trading session to the second order router, the trading session includes multiple subsequent electronic trading communications from the client device to the electronic exchange and from the electronic exchange to the client device through the second order router.
2. The order routing system of claim 1 , wherein the assignment of the trading session to the first order router is based on a random selection of the first order router from the plurality of order routers.
3. The order routing system of claim 1 , wherein assignment of the trading session to the first order router is according to a round-robin.
4. The order routing system of claim 1 , wherein assignment of the trading session to the first order router is according to historical data of trading volume for a trader associated with the trading session.
5. The order routing system of claim 4 , wherein the historical data includes trading data for the trader associated with the trading session prior to the trading session being assigned to the first order router.
6. The order routing system of claim 1 , wherein the reassignment of the trading session to the second order router further includes the traffic monitor configured to:
compare communications traffic between the second order router and the electronic exchange with the communications traffic between the first order router and the electronic exchange, wherein the trading session is re-assigned to the second order router
in response to determining that the communications traffic between the first order router and the electronic exchange exceeds the communications traffic between the second order router and the electronic exchange.
7. The order routing system of claim 1 , wherein the gateway is coupled to the client device.
8. The order routing system of claim 1 , wherein the assignment of the trading session to the first order router and the re-assigning of the trading session to the second order router is by an order router balancer of the gateway.