Distributed internet multicast system for the stock market

摘要

A distributed architecture for a future global Internet stock exchange utilizes a modified timed Reliable Multicast Protocol comprising geographically distributed backbone nodes and trading nodes regionally connected to backbone nodes so that multicast messages are received at the same time in a two tier distribution network. The architecture together with a timed reliable multicast protocol has characteristics such as periodic token passing appropriate for the market data distribution application so that trading sites are equally treated by the protocol. The protocol is modified/enhanced to provide time synchronous emission of data and improved scalability. Grades of service may be provided as between nodes which comprise trading nodes and individuals receiving data from such nodes.