Message randomization and delay based on order type in an electronic trading system
US12198194B1 · kind B1 · utility
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20Claims
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Key dates
| Filing date | Apr 16, 2024 |
| Grant date | Jan 14, 2025 |
| Priority date | — |
| Expiry date | Apr 16, 2044 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06F9/546
- WIPO fieldComputer technology
- WIPO sectorElectrical engineering
Abstract
A system and method for managing latency of messages in an exchange system to address technical advantages in certain market participant hardware are disclosed. In one implementation, the system may include an exchange system, and a set of instructions, to cause a processor of the exchange system identify an order type susceptible to technical advantages certain market participants may possess and to apply a re-ordering of, and/or a fixed or random latency to, all orders of the identified order type during a predetermined time of a trading day.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.