Security-based order processing technique

US7921051B2 · kind B2 · utility

Assignee

• NASDAQ OMX Group, Inc. · US

Inventors

• Stuart Serkin · Fairfield, US
• Robert L. Miller · Atlanta, US
• Timothy Vincent · Shelton, US
• Edward Perrault · Westport, US

Key dates

• Filing date: Jul 25, 2002
• Grant date: Apr 5, 2011
• Expiry date: Jul 4, 2027

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/06
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A system in an electronic securities market includes a configurable look-up table that has assignment entries that assign each of a plurality of securities to one or more securities processors in the system. Whenever an order is received that involves a specific security, a security look-up process accesses the configurable look-up table to determine which securities processor the specific security is assigned to. Once determined, a messaging process, which is responsive to the security look-up process, sends the received security order to the securities processor to which the specific security is assigned.