System and method for a scalable pricing engine
US12260434B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Sep 20, 2022 |
| Grant date | Mar 25, 2025 |
| Priority date | — |
| Expiry date | Feb 12, 2043 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06F2212/45
- WIPO fieldComputer technology
- WIPO sectorElectrical engineering
Abstract
Apparatus and method for a scalable pricing engine. A scalable pricing engine is operable in a low-scale mode and a high-scale or scalable mode to process pricing data in response to pricing requests. The pricing engine operates in a first runtime environment in the low-scale mode in which it can service pricing requests up to a threshold number and in which the pricing data can be updated and tested. The pricing engine also operates in a second runtime environment which is a scalable runtime supporting pricing requests above the specified threshold. The scalable runtime and pricing engine rely on a scalable read-only data service which distributes a read-only copy of at least a portion of the pricing data from the primary database, a high-scale cache to reduce access latency, data processing and network resource allocations, and data reduction techniques when processing requests and responses.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.