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 method comprising:
transmitting, by a computer device, a market data feed related to a tradeable object to a receiving computer device over a first communication channel based on tradeable object assignment information;
dynamically updating, by the computer device, the tradeable object assignment information to reassign the tradeable object to a second communication channel based on market data related to the tradeable object; and, in response to updating,
transmitting, by the computer device, the market data feed related to the tradeable object over both the first communication channel and the second communication channel to the receiving computer device to allow the receiving computer device to switch to the second communication channel.
2. The method of claim 1 , wherein the market data used to reassign the tradeable object to the second communication channel comprises historical market data related to the tradeable object.
3. The method of claim 2 , wherein the historical market data comprises historical traded volume data related to the tradeable object.
4. The method of claim 1 , wherein the market data used to reassign the tradeable object to the second communication channel comprises current traded volume data related to the tradeable object.
5. The method of claim 1 , wherein the market data feed is transmitted over both the first communication channel and the second communication channel for a predetermined period of time after the assignment information is updated.
6. The method of claim 5 , wherein the market data feed is not transmitted over the first communication channel after the predetermined period of time expires.
7. The method of claim 1 , wherein the receiving computer device comprises a client device.
8. The method of claim 1 , wherein the computer device is located at a gateway.
9. The method of claim 1 , wherein the computer device is located at an electronic exchange.
10. The method of claim 1 , wherein the market data feed comprises price data for the tradeable object.
11. The method of claim 1 , wherein the price data comprises a portion of the price data available for the tradeable object.
12. The method of claim 1 , wherein dynamically updating the assignment information is further based on a type of the tradeable object.
13. The method of claim 1 , wherein dynamically updating the assignment information is further based on a news event that affects a market for the tradeable object.
14. The method of claim 1 , further comprising:
providing updated assignment information to the receiving computer device.