Trading different orders utilizing minimum processing times
US12182867B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Apr 1, 2024 |
| Grant date | Dec 31, 2024 |
| Priority date | — |
| Expiry date | Apr 1, 2044 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0635
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
An exchange computer system can implement a method to implement a minimum processing time to provide a more balanced and equitable environment for trading. The exchange computer system receives a first message related to an electronic order determines a first time at which the first message is received, and applies a time stamp indicative of the first time. A minimum processing time is determined for processing message(s) related to the electronic order. The exchange computer system determines whether a time elapsed from the first time satisfies the minimum processing time and blocks transmission of the first message until the time elapsed from the first time satisfies the minimum processing time. In some cases, the exchange computer system can also determine whether a second elapsed time from the first time satisfies the minimum processing time, and upon satisfaction, transmits the first message.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.