Distribution of electronic market data
A system and method are provided that, among other things, can reduce the burden on receiving computers, increase data throughput, reduce system failure, and provide components of a scalable and flexible network architecture. Specifically, the system and method provide a multichannel-multicast network environment for use in dynamically assigning data to channels. This configuration is particularly useful in a trading network environment, as it effectively performs channel reassignments in a way not to disturb the receipt of the underlying data. While the example embodiments described herein pertain to electronic trading, the principles of the present invention may be equally applied in other environments where the advantages presented herein are beneficial.
1. A system comprising:
a computing device in communication with a network device, wherein the network device is configured to provide market data related to a tradeable object to a receiving computer device over a computer network comprising a plurality of communication channels,
wherein the computing device is configured to assign a tradeable object to a first communication channel of the plurality of communication channels and to provide assignment information reflecting the assignment of the tradeable object to the first communication channel to the network device, wherein market data related to the tradeable object is communicated to the receiving computer device by the network device over the first communication channel over the computer network upon the network device receiving the assignment information;
wherein the computing device is configured to dynamically re-assign the tradeable object to a second communication channel of the plurality of communication channels and to generate updated assignment information reflecting the reassignment of the tradeable object to the second communication channel, wherein the second communication channel is selected based on any of: a type of the tradeable object, bandwidth requirements related to market data being provided for the tradeable object, historical bandwidth requirements related to market data for the tradeable object, or a news event related to one or more tradeable objects; and
wherein the computing device is configured to provide the updated assignment information to the network device, wherein the market data related to the tradeable object is communicated by the network device to the receiving computer device over both the first communication channel and the second communication channel over the computer network upon the network device receiving the updated assignment information, wherein the market data is provided over both the first communication channel and the second communication channel for a predetermined period of time to allow the receiving computer device to switch to the second communication channel to prevent market data loss being received at the receiving computer device.
2. The system of claim 1 , wherein the market data is communicated over both the first communication channel and the second communication channel for a predetermined period of time after the assignment information is updated.
3. The system of claim 1 , wherein the receiving computer device comprises a client terminal.
4. The system of claim 2 , wherein the market data is communicated over the second communication channel after the predetermined period of time expires.
5. The system of claim 1 , wherein the computing device is further configured to:
provide the assignment information and the updated assignment information to the network device over a master channel.
6. The system of claim 5 , wherein the network device is located at a gateway.
7. The system of claim 5 , wherein the network device is located an electronic exchange.
8. The system of claim 1 , wherein the market data comprises price data.
9. The system of claim 8 , wherein the price data comprises information related to an inside market for the tradeable object.
10. The system of claim 1 , wherein the computing device is further configured to provide the assignment information and the updated assignment information to an electronic exchange.
11. The system of claim 1 , wherein the news event is related to the tradeable object.