Securities processor and a method of processing attributable interest messages
US7523062B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Jul 25, 2002 |
| Grant date | Apr 21, 2009 |
| Priority date | — |
| Expiry date | Nov 18, 2025 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/03
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A securities processor includes a prematching process for validating an attributable security interest message placed by a market participant on a securities trading system This attributable security interest message relates to an individual security chosen from a plurality of securities traded on the securities trading system. A matching queue receives the validated attributable security interest message from the prematching process, and queues it for subsequent matching. A matching process obtains the validated attributable security interest message from the matching queue and compares it with previously-validated attributable security interest messages to determine if a match occurs between the validated attributable security interest message and one of the previously-validated attributable security interest messages.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.