Low latency trading system
US7685044B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | May 11, 2007 |
| Grant date | Mar 23, 2010 |
| Priority date | — |
| Expiry date | Jan 31, 2028 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/06
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Systems and methods for transmitting trade orders from a client trading engine to an exchange where the trades are executed. The system may comprise a low latency system in communication with the client trading engine and the exchange server(s). The low latency system is for receiving trade orders from the client trading engine, performing one or a limited number of pre-order risk checks on the trade orders, and, when the trade orders pass the risk checks, transmitting the trade order to the exchange server(s). The system also comprises a post-order risk checking data center in communication with the low latency system via a network. The post-order risk checking data center is for performing post-order risk checks on the trade orders after the low latency system transmits the trade orders to the exchange server(s).
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.