Multicomputer distributed processing of large block trading data

US8768819B2 · kind B2 · utility

Assignee

• CFPH, LLC · US

Inventors

• Howard W. Lutnick · New York, US
• Dean P. Alderucci · Westport, US
• Mark Miller · New York, US
• Andrew Fishkind · New York, US
• Kevin Foley · New York, US
• Bill Rice · Los Angeles, US
• Brian L. Gay · New York, US
• Philip Marber · Boca Raton, US
• Charles Plott · Pasadena, US

Key dates

• Filing date: Nov 14, 2008
• Grant date: Jul 1, 2014
• Expiry date: Nov 9, 2030

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems and methods for administering trade orders are described. An embodiment comprises receiving, from a first server operated by a first trader, a communication including a first trade order and one or more selection criteria, the first trade order including at least one of a specified instrument, a specified quantity, and a specified price; determining that a database of trade orders does not contain a trade order matching the first trade order; identifying a plurality of traders satisfying the selection criteria; sending, to a plurality of second servers, a query including at least one of the specified instrument, the specified quantity, and the specified price; receiving, from a one of the plurality of second servers operated on behalf of a second trader, a positive response to the query; and facilitating execution of a trade between the first trader and the second trader for the specified instrument at the specified price.