System and method for managing relationships between brokers and traders using a messaging format

Abstract

According to one embodiment, a method of managing messages in a trading network is provided. A set of user relationships between a first user and one or more second users authorized to act on behalf of the first user is stored. A trading message regarding a trading order submitted on behalf of the first user is received from a trading system. The trading message is communicated to the first user. Each of the second users is identifying from the set of user relationships. For each of the identified second users, a carrier message is generated that includes the trading message and routing information associated with that second user. For each of the identified second users, the respective carrier message is communicated toward a user application associated with that second user based at least on the routing information included in the respective carrier message.

What is claimed is: 
     
         1 . A method of managing messages in a trading network, comprising:
 storing a set of user relationships between a first user and one or more second users authorized to act on behalf of the first user;   receiving from a trading system a trading message regarding a trading order submitted on behalf of the first user;   communicating the trading message to the first user;   identifying from the set of user relationships each of the second users;   for each of the identified second users, generating a carrier message that includes the trading message and routing information associated with that second user; and   for each of the identified second users, communicating the respective carrier message toward a user application associated with that second user based at least on the routing information included in the respective carrier message.