Electronic exchange system using messages related to events and actions on an exchange
US10453130B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Mar 18, 2009 |
| Grant date | Oct 22, 2019 |
| Priority date | — |
| Expiry date | Feb 3, 2032 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/04
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
An electronic exchange system includes a physical data bus directly communicatively coupling first and second physical processing elements of an electronic processor. The second element may receive indications of orders from remote devices not part of the system, add each order to a respective one of a queue of buy orders and a queue of sell orders for a financial instrument, and determine a match between orders of the respective queues. The first element may receive an indication of an occurrence of an event, determine that an adjustment to an order is conditioned on a criteria associated with the occurrence, determine that the criteria is satisfied, and transmit, through the physical data bus, to the second element, an indication to adjust the order that acts as an interrupt to processing of the second element to cause the second element to, in response to receiving the indication, adjust the order.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.