Meta data driven state transition engine for order management system
US11341575B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Feb 11, 2019 |
| Grant date | May 24, 2022 |
| Priority date | — |
| Expiry date | Jul 22, 2039 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0637
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
An order management system comprises a middle tier and a computer-based automatic rule code generation system. The middle tier comprises a state transition engine that manages rule-based state transitions of trade orders for financial products from one state to a next state in progressions of the trade orders. The computer-based automatic rule code generation system: (i) receives a human-readable state transition file that specifies one or more state transition rules and a corresponding condition for each of the one or more state transition rules; and (ii) generates, at compile time, a configuration file that comprises rule code for the one or more state transition rules from the state transition file. The state transition engine runs the rule code in the configuration file at runtime to manage the state transitions for the trade orders.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.