Distribution of market data
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United States of America Patent
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Dec 25, 2012
Issued Date -
N/A
app pub date -
May 9, 2012
filing date -
Nov 5, 2003
priority date (Note) -
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status (Latency Note)
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Abstract
Systems and methods are provided for communicating and processing market data. The market data may comprise quotes, orders, trades and/or statistics. A messaging structure allows for adding, re-ordering and/or expanding data, within the printable character set of any language. One or more delimiters are defined and used to delimit data elements within the message structure. The data is interpreted based on templates which may be disseminated prior to the sending of messages and used as an abstraction so that the meaning of data need not be conveyed in the message.
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