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 configured to transmit 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;
wherein the computing device is configured to dynamically update 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,
wherein the computing device is configured to transmit 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 system 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 system of claim 2 , wherein the historical market data comprises historical traded volume data related to the tradeable object.
4. The system 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 system 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 system 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 system of claim 1 , wherein the receiving computer device comprises a client device.
8. The system of claim 1 , wherein the processor is located at a gateway.
9. The system of claim 1 , wherein the processor is located at an electronic exchange.
10. The system of claim 1 , wherein the market data feed comprises price data for the tradeable object.
11. The system of claim 1 , wherein the price data comprises a portion of the price data available for the tradeable object.
12. The system of claim 1 , wherein dynamically updating the assignment information is further based on a type of the tradeable object.
13. The system 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 system of claim 1 , wherein the computing device is further configured to:
provide updated assignment information to the receiving computer device.