Systems and methods for privacy-preserving inventory matching

US11699185B2 · kind B2 · utility

Assignee

• JPMORGAN CHASE BANK, N.A. · US

Inventors

• Gilad ASHAROV · New York, US
• Tucker Richard BALCH · Suwanee, US
• Hans D. Buehler · Salt Lake City, US
• Richard Hua · Millburn, US
• Antigoni Ourania POLYCHRONIADOU · New York, US
• Maria Manuela VELOSO · New York, US

Key dates

• Filing date: Dec 2, 2020
• Grant date: Jul 11, 2023
• Expiry date: May 9, 2041

Classification

• Technology area (CPC H): Electricity
• CPC primary: H04L2209/56
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems and methods for privacy-preserving inventory matching are disclosed. In one embodiment, in an information processing apparatus comprising at least one computer processor, a method for inventory matching may include: (1) receiving, from each of a plurality of clients, a masked submission comprising an identification of at least one security to buy or sell and a desired quantity to buy or sell; (2) aggregating the masked submissions resulting in a sum of the desired quantities to buy or sell; (3) matching at least two of the clients to conduct a transaction based on aggregation and their respective masked submissions; and (4) conducing the transaction between the matched clients.