Hybrid exchange platform
US11995721B1 · kind B1 · utility
Assignee
Inventor
Key dates
| Filing date | Aug 12, 2021 |
| Grant date | May 28, 2024 |
| Priority date | — |
| Expiry date | Aug 12, 2041 |
Classification
- Technology area (CPC H)Electricity
- CPC primaryH04L12/4641
- WIPO fieldDigital communication
- WIPO sectorElectrical engineering
Abstract
Systems and techniques are disclosed for an exchange platform that runs a hybrid market model combining electronic trading and open outcry trading. In some implementations, a secure connection is established with each of a plurality of market participants associated with a trading floor. A transaction order for a financial instrument is received from a connected device. The transaction order includes a routing instruction for routing the transaction order to the trading floor. A market participant to which the transaction order is to be routed is identified. The transaction order is routed to the market participant. Information that one or more in-crowd market participants have accepted the transaction order is received. The transaction order is facilitated based on the information that the one or more in-crowd market participants have accepted the transaction order.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.