Trade order submission for electronic trading
Various systems and methods for trade order processing in an electronic trading environment are provided. The order processing includes initiating a first thread of instructions at a computing device to send a first trade order onto an electronic exchange. However, if one or more trade orders are identified during the process to send the first trade order, then the one or more orders are queued. When the first trade order is sent to the electronic exchange, then a second thread of instructions is initiated at the computing device to send the queued one or more trade orders (substantially together, if there is more than one) on to the electronic exchange.
1. A system including:
a computing device wherein the computing device is configured to:
determine that a second order message in a data structure in a queuing thread is ready to be sent while a first order message is being sent in a first thread, wherein the second order message is in a second thread, wherein the second thread does not wait to process other instructions until a next available time to send the second order message after moving the second order message, wherein the queuing thread is different than the first thread and the second thread;
determine that a third order message in the data structure in the queuing thread is ready to be sent while the first order message is being sent, wherein the third order message is received from a third thread, wherein the third thread does not wait to process other instructions until the next available time to send the third order message after moving the third order message, wherein the third thread is different than the first thread; and
initiate sending the second order message and the third order message after the sending of the first order message is complete.
2. The system of claim 1 , wherein the computing device is configured to generate the first order message in the first thread.
3. The system of claim 1 , wherein the computing device is configured to initiate generating at least one of the second order message and the third order message prior to initiating sending the first order message.
4. The system of claim 1 , wherein the computing device is configured to initiate generating at least one of the second order message and the third order message after initiating sending the first order message.
5. The system of claim 1 , wherein the computing device is configured to receive at least one of the first order message, the second order message, and the third order message from a client device.
6. The system of claim 1 , wherein the second thread and the third thread are different threads.
7. The system of claim 1 , wherein the second thread and the third thread are the
same thread.
8. The system of claim 1 , wherein the data structure in the queuing thread is a
queue.
9. The system of claim 1 , wherein the computing device is configured to generate a batch message including the second order message and the third order message, wherein initiating sending the second order message and the third order message includes initiating sending the batch message.
10. The system of claim 1 , wherein the second order message and the third order message are sent together.
11. The system of claim 1 , wherein the computing device includes one of the group consisting of: (1) a client device, (2) a server-side device, and (3) a gateway.