Matching techniques for data transaction requests with private attributes

US11507998B2 · kind B2 · utility

Assignee

• Nasdaq, Inc. · US

Inventors

• Joseph C. Noviello · New York, US
• Steven Cooper · Flint, US
• Leo Golubovsky · Franklin Lakes, US
• Chung-Sin Wang · Ridgewood, US
• Jonathan Wakefield · New York, US

Key dates

• Filing date: Mar 31, 2021
• Grant date: Nov 22, 2022
• Expiry date: May 21, 2041

Classification

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

Abstract

A computer system is provided that includes a paired list of data transaction requests on which a matching process is performed. There are multiple different types of data transaction requests that are stored in the paired list including data transaction requests with midpoint attributes and data transaction requests with discretion attributes. The computer system may determine how the multiple different types of data transaction requests may be match against each other. Two matching processes can be used to determine if a match exists between the first and second sides of the paired list. Matches that are determined at private values are not disseminated to third-parties via public market data feeds.