Message prioritization process and method
US7801796B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Nov 21, 2002 |
| Grant date | Sep 21, 2010 |
| Priority date | — |
| Expiry date | Oct 26, 2025 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/04
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A message prioritization process includes an interface process for receiving a primary attributable security interest message and one or more secondary attributable security interest messages placed by the market participant on a securities trading system. The primary attributable security interest message relates to a defined quantity of an individual security traded on the securities trading system. Each secondary attributable security interest message increments the defined quantity of the primary attributable security interest message by an incremental quantity. A code assignment process assigns a superior prioritization code to the primary attributable security interest message and an inferior prioritization code to each secondary attributable security interest message. These prioritization codes control the order in which the attributable security interest messages are processed by a matching process, and the inferior prioritization code is subordinate to the superior prioritization code.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.