System for Generating a Client-Action Based Modeled Market

摘要

A system for generating a client-action based modeled market is disclosed. Techniques to generate a modeled market based on client-initiated orders, while not consuming market data from an Exchange, are described herein.;An example system involves receiving client-initiated orders and subsequent actions for many clients of an ISV; managing the combined orderbook at the ISV; pre-emptively including client-initiated orders before external confirmation; combining the actions and subsequently communicated confirmations and updates into the combined orderbook; updating a modeled market engine with the updated orderbook data; preparing a modeled market based on combined orderbook data with parameterized customizations of data and logic involved in the preparation; communicating the modeled market to a feed server; optionally manipulating the modeled market data within the feed prior to sending; and communicating the modeled market data to client feed consumers.