Electronic market message management with priority determination

US9916623B2 · kind B2 · utility

Assignee

• Chicago Mercantile Exchange Inc. · US

Inventors

• Alan Shontz · Chicago, US
• John Labuszewski · Westmont, US
• Richard Co · Chicago, US
• Steve Peters · De Pere, US
• David Boberski · Westport, US
• Roberta Paffaro · São Paulo, BR

Key dates

• Filing date: Sep 30, 2014
• Grant date: Mar 13, 2018
• Expiry date: Mar 20, 2036

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/04
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Methods, devices, and systems for managing electronic messages of an electronic trading system in which orders are extracted from the electronic messages involve executing actions associated with respect to the orders and matching orders to counter orders. Matching orders may be based on a priority determined using a market quality index of the order and an associated market participant.