Trading System Alert Recovery via Multi-Device Status Routing
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Solution Overview
Problem
Electronic trading systems often fail to maintain real-time status information flow to traders when a client device experiences an alert condition or network disconnection, leading to reduced system reliability and trader confidence.
Innovation Solution
A system with a processor and memory that detects alerts on one client device, determines the status of associated trading orders, and generates status messages to be transmitted to another client device, ensuring continuous status information flow even during failures or disconnections.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of information
If the electronic trading system sends confirmation messages to traders, then traders receive real-time status information, but the system reliability deteriorates when client devices experience alert conditions or network disconnections
Solution Approach 1:
The system stores multiple contact data for each trader in advance (first contact data for primary device, second contact data for alternative device). When an alert condition is detected on the primary device, the system automatically switches to using the alternative contact data to send status messages, ensuring continuous information flow without interruption.
Solution Approach 2:
The system introduces an intermediary alert detection mechanism that monitors client device status. When the primary communication channel fails (alert condition), this intermediary detects the failure and mediates the switch to an alternative communication channel, maintaining the status information flow despite the failure in the primary path.
2Reliability
If the system maintains continuous status information flow to multiple devices, then trader confidence increases, but the device complexity increases
Solution Approach 1:
The system segments the contact information for each trader into multiple independent parts (first contact data, second contact data). Each segment can be independently used based on the operational status of associated devices, allowing the system to maintain simplicity by only activating the necessary segment while providing redundancy for reliability.
Data Source
AI summary
A system for error detection m a trading network comprises a memory operable to store a plurality of trader profiles, wherein a particular trader profile is associated with a particular trader. The particular trader profile comprises first contact data associated with a first client device and second contact data associated with a second client device. The memory is further operable to store at least one trading order associated with the particular trader. The system further comprises a processor communicatively coupled to the memory and operable to detect an alert associated with the first client device. In conjunction with detecting the alert, the processor is operable to determine a current status of the at least one trading order and to generate a status message regarding the determined status. The processor is further operable to transmit the status message to the second client device, wherein the transmission is based at least in part on the second contact data.