MARKET OPERATION THROUGH REGULATION OF INCOMING ORDER MATCH ALLOCATION AND/OR DYNAMIC RESTING ORDER MATCH ALLOCATION PRIORITIES
    76.
    发明申请
    MARKET OPERATION THROUGH REGULATION OF INCOMING ORDER MATCH ALLOCATION AND/OR DYNAMIC RESTING ORDER MATCH ALLOCATION PRIORITIES 审中-公开
    市场运作通过调整订单匹配分配和/或动态订单配对优先权

    公开(公告)号:US20150262297A1

    公开(公告)日:2015-09-17

    申请号:US14644460

    申请日:2015-03-11

    IPC分类号: G06Q40/04

    CPC分类号: G06Q40/04

    摘要: The disclosed embodiments relate to systems and methods which match or otherwise allocate an incoming order to trade with “resting,” i.e. previously received but not yet matched (fully satisfied), orders, recognizing that the algorithm or rules by which the incoming order is matched/allocated may affect the operation of the market for the financial product being traded. In particular, the disclosed embodiments relate to regulation of a rate of incoming orders by buffering or otherwise batching orders together as they are received and subsequently forwarding batches of orders to a match engine for processing thereby in a manner which may equalize orders from traders having varying abilities to rapid submit orders or otherwise capitalize on market events. The disclosed embodiments further relate to prioritizing the matching of resting orders against an incoming order. In particular, the disclosed embodiments alter the priority of a given resting order to match against an incoming order, relative to other suitably matching resting orders, as a function of how long the orders have been resting on the order book.

    摘要翻译: 所公开的实施例涉及与“休息”(即先前接收但尚未匹配(完全满足))顺序匹配或以其他方式分配进入订单进行交易的系统和方法,其认识到输入订单匹配的算法或规则 /分配可能影响正在交易的金融产品的市场运作。 特别地,所公开的实施例涉及通过在收到订单时将订单缓冲或以其他方式批量订单来调节进入订单的速率,并且随后将批次的订单转发到匹配引擎以进行处理,从而可以使来自具有不同的 快速提交订单或以其他方式利用市场活动的能力。 所公开的实施例还涉及将休息命令的匹配与输入顺序进行优先级排列。 特别地,所公开的实施例改变了给定休息次序的优先级,以便相对于其他适当匹配的休息次序与输入顺序相匹配,作为订单已经搁置在订单簿上的时间的函数。

    ENFORCEMENT OF LATENCY DETERMINISM ACROSS A COMPUTER NETWORK

    公开(公告)号:US20240039859A1

    公开(公告)日:2024-02-01

    申请号:US18484572

    申请日:2023-10-11

    摘要: A plurality of message transceivers coupled with each other via a portion of an electronic communications network characterized by a transmission latency are each operative to perform an action on data transaction messages received thereby. Upon receipt by any of the plurality of message transceivers of a first augmented data transaction message transmitted thereto by another of the plurality of message transceivers, the receiving message transceiver is configured to delay performance of the action on the first augmented data transaction message for an amount of time based on an extent to which a defined amount of time exceeds a transmission time, resulting from the transmission latency of the portion of the electronic communication network via which the first augmented data transaction message was conveyed, of the first augmented data transaction message between the transmitting and receiving message transceivers when the transmission time is less than the defined amount of time.