Bgc Partners, Inc.

Cantor Fitzgerald, LP

Cfph, LLC

Other

Bijoy Paul

Howard W Lutnick

Stuart Fraser

Michael Sweeting

Jonathan Joshua

Ian Davies

Joseph C Noviello

Disclosed herein is a processor to process streaming data. The processor includes a TCP client circuit and a TCP server circuit. A fanout circuit is communicatively coupled to the TCP client circuit and the TCP server circuit. The fanout circuit receives data from the TCP client circuit, determines a rate at which to transmit the received market data, and instructs the TCP server circuit to send the received data at the determined rate.

Fanout processor

Various embodiments of exchanges are described. Methods and other embodiments are also described.

Interprogram communication using messages related to events and actions on an exchange

Method, apparatus, and system may control chronological sequencing of data items received from a plurality of client computing devices, according to times of completion of transmission respectively from the client computing devices and distributing the data items according to the chronological sequencing to one or more destination computing devices with minimal latency. In an exemplary implementation, trade orders from participant computing devices may be distributed by an electronic trading platform with minimal latency to exchange gateways, based on time of transmission of the trade orders to the platform instead of time of receipt of the trade orders by the platform, thereby avoiding unfairness to those participants whose computing devices are located at greater distances from the platform than other computing devices respectively of other participants.

Method, apparatus and system for time stamping and sequencing data items

Disclosed herein are a system, non-transitory computer readable medium, and method for monitoring and replaying packets. A network tap forwards packets from a first network to a second network. At least one node in the first network has the same IP address as a node in the second network. The packets are replayed in the second network.

Networks for packet monitoring and replay

Method, apparatus and system may control chronological sequencing of data items received from a plurality of client computing devices, according to times of completion of transmission respectively from the client computing devices and distributing the data items according to the chronological sequencing to one or more destination computing devices with minimal latency. In an exemplary implementation, trade orders from participant computing devices may be distributed by an electronic trading platform with minimal latency to exchange gateways, based on time of transmission of the trade orders to the platform instead of time of receipt of the trade orders by the platform, thereby avoiding unfairness to those participants whose computing devices are located at greater distances from the platform than other computing devices respectively of other participants.

Method and apparatus for exchange-based condition processing

An electronic exchange system includes a physical data bus directly communicatively coupling first and second physical processing elements of an electronic processor. The second element may receive indications of orders from remote devices not part of the system, add each order to a respective one of a queue of buy orders and a queue of sell orders for a financial instrument, and determine a match between orders of the respective queues. The first element may receive an indication of an occurrence of an event, determine that an adjustment to an order is conditioned on a criteria associated with the occurrence, determine that the criteria is satisfied, and transmit, through the physical data bus, to the second element, an indication to adjust the order that acts as an interrupt to processing of the second element to cause the second element to, in response to receiving the indication, adjust the order.

Electronic exchange system using messages related to events and actions on an exchange

Data processing systems and methods for managing transactions in auction-based trading of specialized items such as fixed income instruments are presented. The data processing system provides a highly structured trading protocol implemented through a sequence of trading paradigms. The system employs a distributed computer processing network linking together a plurality of commonly configured program-controlled workstations. The protocol and its program-controlling logic improves trading efficiency, rewards market Makers, and fairly distributes market opportunity to system users.

Dynamic keyboard for trading

Systems and methods for providing trading exclusivity/priority in response to quantity of items traded in electronic trading systems is provided. The method preferably includes receiving an incoming order for the item and determining whether the incoming order matches a current order for the item and satisfies a minimum volume requirement. When the incoming order matches a current order for the item and satisfies a minimum volume requirement, the method includes transacting a trade between the incoming order and the current order and providing a predetermined time period of exclusive trading between a participant associated with the incoming order and a participant associated with the current order.

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New York, NY, United States of America

Bijoy Paul