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ECNs, Exchanges
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re: Book Proposal
johna@ms.com
9 Mar 1998 3:31PM ET> To do Full Book in a bandwidth-friendly way would best be handled by a new message type. (Neither IOI nor Quote would be well-suited without doing a major overhaul of those messages.)
I'd like to explore using Quote/Quote Request since this is
really what we are talking about with depth of book, i.e a bunch of quotes. I think we could extend the messages to be
backward compatable.
>
> So should we:
>
> A. Extend Quote / Quote Request for top of book data only, and develop a separate set of book-related messages for showing market depth, or
>
> B. Leave Quote / Quote Request alone, and do both Top of Book and Full Book via a new set of book-related messages.
>
> I can see advantages and disadvantages to both; what do you all think would be best?
>
> Data Feed Redistribution
>
> If we're creating messages to display an ECN's book, it's only a small hop to extend that to allow people to redistribute the NASDAQ book, regional quotes for listed stocks, foreign exchanges, etc. (Obviously it requires that appropriate exchange fees have been paid, proper agreements are in place, etc.) Would there be any interest in this?
>
> Ryan Pierce
> Townsend Analytics Ltd. / Archipelago LLC
>
>
Book Proposal Ryan Pierce / Townsend Analytics Ltd. / Archipelago LLC 9 Mar 1998 1:24PM ET re: Book Proposal Ryan Pierce / Townsend Analytics Ltd. / Archipelago LLC 9 Mar 1998 3:05PM ET re: Book Proposal
johna@ms.com 9 Mar 1998 3:31PM ET re: Book Proposal Ryan Pierce / Townsend Analytics Ltd. / Archipelago LLC 24 Jul 1998 11:29AM ET re: Book Proposal Ryan Pierce / Townsend Analytics Ltd. / Archipelago LLC 3 Dec 1999 11:09AM ET re: Book Proposal Ryan Pierce / Townsend Analytics Ltd. / Archipelago LLC 9 Dec 1999 4:24PM ET re: Book Proposal Ryan Pierce / Townsend Analytics Ltd. / Archipelago LLC 4 Jan 2000 3:51PM ET re: Book Proposal Ryan Pierce / Townsend Analytics Ltd. / Archipelago LLC 4 Jan 2000 8:48PM ET
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