Invention Grant
- Patent Title: System and method for optimizing the frequency of market information updates in an electronic trading environment
-
Application No.: US14074371Application Date: 2013-11-07
-
Publication No.: US10248999B2Publication Date: 2019-04-02
- Inventor: Scott F. Singer
- Applicant: Trading Technologies International, Inc.
- Applicant Address: US IL Chicago
- Assignee: Trading Technologies International, Inc.
- Current Assignee: Trading Technologies International, Inc.
- Current Assignee Address: US IL Chicago
- Agency: McDonnell Boehnen Hulbert & Berghoff LLP
- Main IPC: G06Q30/02
- IPC: G06Q30/02 ; G06Q40/04

Abstract:
A system and method for optimizing the frequency of market information updates in an electronic trading environment are described herein. According to one example embodiment, by optimizing the frequency of market information updates, the burden on the client device to update the graphical user interface may be reduced, while still providing an accurate portrayal of the market to the user. An example method includes associating different precedence levels with messages comprising market information. Messages containing market information related to the inside market may be associated to a higher precedence level. Whereas messages containing market information relating to the quantities at prices outside the inside market may be associated with a lower precedence level. Based on the precedence level associated with a message, a client device may update the graphical user interface or the message may be stored in a data structure until a pre-defined condition is satisfied.
Public/Granted literature
Information query