An Internet Multicast System for the Stock Market
N. F. Maxemchuk, D. H. Shur

TL;DR
This paper proposes a reliable multicast system tailored for global electronic stock exchanges, ensuring synchronized data delivery, fairness, and scalability across distributed trading platforms.
Contribution
It introduces a modified RMP multicast protocol and a distributed architecture for reliable, fair, and scalable stock market data dissemination over the Internet.
Findings
Developed a reliable multicast protocol suitable for stock exchanges
Constructed a unified stock ticker for global transactions
Created a distributed electronic trading floor
Abstract
We are moving toward a distributed, international, twenty-four hour, electronic stock exchange. The exchange will use the global Internet, or internet technology. This system is a natural application of multicast because there are a large number of receivers that should receive the same information simultaneously. The data requirements for the stock exchange are discussed. The current multicast protocols lack the reliability, fairness, and scalability needed in this application. We describe a distributed architecture together with a reliable multicast protocol, a modification of the RMP protocol, that has characteristics appropriate for this application. The architecture is used in three applications: In the first, we construct a unified stock ticker of the transactions that are being conducted on the various physical and electronic exchanges. Our objective is to deliver the the…
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Taxonomy
TopicsPeer-to-Peer Network Technologies · Mobile Agent-Based Network Management · Advanced Database Systems and Queries
