Abstract: A distributed computer system includes a matcher server that stores an order book of pending orders and a gateway that routes an order message to the matcher server for matching. The gateway also receives individual quote messages bundled into a mass quote message, each individual quote message including a price value for one of a plurality of different instrument identifiers. The gateway routes the mass quote message to a field programmable gate array (FPGA) circuit without involving the matcher server. The FPGA parses and stores data for each individual quote message to a data structure located in the memory of the FPGA. The parsed data is organized in the data structure according to both the instrument identifier and a client identifier that corresponds to a client that sent the mass quote message.

Abstract: A distributed computer system includes a matcher server that stores an order book of pending orders and a gateway that routes an order message to the matcher server for matching. The gateway also receives individual quote messages bundled into a mass quote message, each individual quote message including a price value for one of a plurality of different instrument identifiers. The gateway routes the mass quote message to a field programmable gate array (FPGA) circuit without involving the matcher server. The FPGA parses and stores data for each individual quote message to a data structure located in the memory of the FPGA. The parsed data is organized in the data structure according to both the instrument identifier and a client identifier that corresponds to a client that sent the mass quote message.

Abstract: A distributed computer system includes a matcher server that stores an order book of pending orders and a gateway that routes an order message to the matcher server for matching. The gateway also receives individual quote messages bundled into a mass quote message, each individual quote message including a price value for one of a plurality of different instrument identifiers. The gateway routes the mass quote message to a field programmable gate array (FPGA) circuit without involving the matcher server. The FPGA parses and stores data for each individual quote message to a data structure located in the memory of the FPGA. The parsed data is organized in the data structure according to both the instrument identifier and a client identifier that corresponds to a client that sent the mass quote message.

Abstract: A distributed computer system includes a matcher server that stores an order book of pending orders and a gateway that routes an order message to the matcher server for matching. The gateway also receives individual quote messages bundled into a mass quote message, each individual quote message including a price value for one of a plurality of different instrument identifiers. The gateway routes the mass quote message to a field programmable gate array (FPGA) circuit without involving the matcher server. The FPGA parses and stores data for each individual quote message to a data structure located in the memory of the FPGA. The parsed data is organized in the data structure according to both the instrument identifier and a client identifier that corresponds to a client that sent the mass quote message.

Abstract: Systems, methods, and computer programs for receiving and processing messages for a financial exchange comprising a matcher server integrated circuit such as an FPGA or ASIC component configured to receive and process information associated with a financial instrument operatively connected to the matcher server, wherein the integrated circuit component is configured to receive and store a plurality of messages from at least one computer server, each message of the plurality of messages being comprised of at least one message type.

Abstract: An automated system and method for trading option instruments on an automated exchange comprising a participant system for communicating with an automated exchange system. The disclosed system and method allows a market professional such as a market maker to inactivate the quotes in instruments for a related product while the market maker's quoting engine continues to update the quotes. Also disclosed is a system and method for reducing load on a exchange network in recalculating a best bid and offer price. Disclosed herein is a system and method for maintaining control over professional quotes for the purchase and sale of option instruments for a product in an exchange system.

Abstract: An automated system and method for trading option instruments on an automated exchange comprising a participant system for communicating with an automated exchange system. The disclosed system and method allows a market professional such as a market maker to inactivate the quotes in instruments for a related product while the market maker's quoting engine continues to update the quotes. Also disclosed is a system and method for reducing load on a exchange network in recalculating a best bid and offer price.