Electronic Match Engine Offloading Market Data With a Minimum Data Set
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Solution Overview
Problem
Current electronic match engines in exchanges are overloaded with processing requirements due to the generation of market data, leading to inefficient messaging architectures and strain on computer systems and networks.
Innovation Solution
An optimized electronic match engine distributes a minimum data set to an external market data generation processor, offloading the market data generation function and reducing the load on the match engine by deriving and transmitting order metadata for market data generation.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If the electronic match engine generates market data internally, then market data generation is integrated within the match engine, but the match engine becomes overloaded with processing requirements and consumes excessive bandwidth and processing time
Solution Approach 1:
The patent divides the market data generation function from the match engine into a separate external processor. The match engine only transmits a minimum data set (order metadata) to the external processor, which then generates the full market data. This segmentation reduces the processing load on the match engine while maintaining integrated market data generation capability.
Solution Approach 2:
The patent extracts the market data generation function from the match engine and places it in an external processor. The match engine transmits only essential order metadata to the external processor, which handles the computationally intensive market data generation, thereby reducing the match engine's processing requirements.
2Reliability
If the match engine transmits comprehensive order data for market data generation, then accurate market data can be generated, but bandwidth consumption and network strain increase
Solution Approach 1:
The patent extracts only the essential order metadata from the complete order data set and transmits it to the external processor for market data generation. This minimizes the data transmission volume and network bandwidth consumption while providing sufficient information for accurate market data generation.
Solution Approach 2:
The patent changes the data transmission parameter from comprehensive order data to a minimized order metadata data set. This parameter change reduces the data volume transmitted over the network while maintaining the essential information needed for market data generation, thereby reducing bandwidth consumption.
Data Source
AI summary
Systems and methods are provided for an electronic match engine of an exchange that distributes a minimum data set to an external market data generation (MDG) processor. The electronic match engine derives a minimum data set from data already known to the electronic match engine. The MDG processor, which may be outside of the electronic match engine, may extract the minimum data set and uses it to generate market data. The electronic match engine may append the minimum data set to an order entry message sent to the MDG processor.