CPC H04L 9/3213 (2013.01) [G06N 20/00 (2019.01); G06Q 30/0201 (2013.01); H04L 9/3247 (2013.01)] | 20 Claims |
1. A system that implements market data entitlements controls, the system comprising:
a memory component configured to generate, store and manage one or more tokens and one or more associated Access Tickets; and
a computer processor of a distributed network, coupled to the memory component and a client application, the computer processor configured to perform the steps of:
identifying, via the client application, a token, wherein the token is a cryptographically signed description that includes at least one from among entitlements, rights, and obligations a requesting user has for one or more data sources, the token comprises a count of positions and a predetermined expiration;
generating a set of Access Tickets based on the token, wherein each Access Ticket is associated with a position, wherein the position represents at least one instance of a process that accesses market data; and
using an Access Ticket to retrieve associated market data pursuant to a corresponding set of rights and obligations.
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