Method and apparatus for a fair exchange

    公开(公告)号:US09818155B2

    公开(公告)日:2017-11-14

    申请号:US13924763

    申请日:2013-06-24

    CPC classification number: G06Q40/04 G06Q20/10 G06Q30/0601 G06Q40/00

    Abstract: A fair exchange is disclosed to reduce potential inequities in an electronic trading environment. Market data is sent from a host system to client devices through one or more synchronized local communication servers such that the data can be displayed simultaneously or nearly simultaneously at each client device. Market data sent to client devices might include price information. Likewise, a host system may transaction data sent from client devices via the local communication servers. The ordering of transaction data is based, at least in part, on when the local communication servers received the transaction data from the client devices. Transaction data sent to a host system might include order information.

    System and method for risk management

    公开(公告)号:US08566209B2

    公开(公告)日:2013-10-22

    申请号:US13740893

    申请日:2013-01-14

    CPC classification number: G06Q40/04 G06Q40/00 G06Q40/06

    Abstract: A margin requirement is computed while trading. The margin requirement may be calculated while trading because the preferred system takes into account working orders to generate the margin requirement. The on the fly possibility allows the preferred system to provide pre-trade risk calculations, but can also be used to provide post-trade calculations. A generic spread number and the maximum number of outright positions are determined. Using the spread positions and the maximum number of outright positions, a spread margin and an outright margin are calculated, which when summed provide a total margin requirement. Limits based in part on the total margin requirement may be imposed on one or more traders.

    Method and Apparatus for Message Flow and Transaction Queue Management

    公开(公告)号:US20200090277A1

    公开(公告)日:2020-03-19

    申请号:US16691121

    申请日:2019-11-21

    Abstract: Management of transaction message flow utilizing a transaction message queue. The system and method are for use in financial transaction messaging systems. The system is designed to enable an administrator to monitor, distribute, control and receive alerts on the use and status of limited network and exchange resources. Users are grouped in a hierarchical manner, preferably including user level and group level, as well as possible additional levels such as account, tradable object, membership, and gateway levels. The message thresholds may be specified for each level to ensure that transmission of a given transaction does not exceed the number of messages permitted for the user, group, account, etc.

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