Dynamic circuit breaker

US11803913B2 · kind B2 · utility

Assignee

• Chicago Mercantile Exchange Inc. · US

Inventors

• Paul Millhuff · Tinley Park, US
• John Scheerer · Chicago, US
• Neil A. Lustyk · Chicago, US
• Supreet Dhillon · Northbrook, US
• James Bailey · Ontarioville, US
• Julie Holzrichter · Chicago, US

Key dates

• Filing date: Jan 25, 2023
• Grant date: Oct 31, 2023
• Expiry date: Jan 25, 2043

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/0635
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A computer implemented method for controlling operational states of a hardware matching processor includes monitoring, by a circuit breaker, incoming electronic data transaction request messages to the hardware matching processor; dynamically defining a range of values as a function of values included with electronic data transaction request messages received during a rolling lookback window; detecting that an incoming electronic data transaction request message contains a value outside the range of values; transitioning the electronic data transaction processing system into a pre-open state for a predetermined period, thereby preventing the hardware matching processor from matching incoming electronic data transaction request messages; calculating a pre-open value at an end of the pre-open state; and re-opening the electronic data transaction processing system at the calculated pre-open value, thereby allowing the hardware matching processor to match incoming electronic data transaction request messages.