Transmission latency leveling apparatuses, methods and systems

US10467694B2 · 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
• Billie Zhao · East Hanover, US
• James Michael Cape · New York, US
• David Lauer · Collingswood, US
• Allen Zhang · Princeton, US
• Blair Livingston · Toronto, CA

Key dates

• Filing date: Jul 3, 2014
• Grant date: Nov 5, 2019
• Expiry date: Dec 5, 2035

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/04
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Embodiments of the transmission latency leveling apparatuses, methods and systems provide an electronic bidding order management infrastructure, such as a “point-of-presence,” which receives and routes electronic trading orders from different trading entities at a server via a transmission medium to create a certain amount of transmission latency before the trading orders could arrive at and be executed at electronic exchanges to reduce latency arbitrage and/or order book arbitrage that may be experienced by high frequency trading participants. A similar transmission latency may be applied to the egress transmission of market data updates issued by an electronic exchange. Other techniques for facilitating electronic trading are also disclosed.