Systems and methods for providing up-to-date information for transactions

US10346910B2 · kind B2 · utility

Assignee

• IEX Group, Inc. · US

Inventors

• Bradley Katsuyama · New York, US
• John Schwall · New York, US
• Robert Park · New York, US
• Ronan Ryan · Morristown, US
• Benjamin Aisen · New York, US
• Daniel Aisen · New York, US
• Donald Bollerman · Yonkers, US
• Francis Chung · New York, US
• Stanley Feldman · New York, US
• Tara McKee · New York, US
• Bilie Zhao · East Hanover, US
• James Michael Cape · New York, US
• David Lauer · Collingswood, US
• Allen Zhang · Princeton, US
• Blair Livingston · Toronto, CA
• Matthew Norbert Trudeau · Brooklyn, US
• Zoran Perkov · Brooklyn, US

Key dates

• Filing date: Apr 16, 2015
• Grant date: Jul 9, 2019
• Expiry date: Jul 13, 2037

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/06
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

In a system for executing transaction requests, a received request for a transaction in an item is delayed prior to matching that request with another request for transaction in that item by a delay based on a communication delay and/or a processing delay. The communication delay represents the time required to receive updated information about the item and the processing delay represents the time required to compute an updated item price using the received updated information.