公开(公告)号：US11055775B2

公开(公告)日：2021-07-06

申请号：US13399364

申请日：2012-02-17

申请人： Frank Kmiec ,  Ari Studnitzer ,  Donald Mendelson ,  Zachary Bonig ,  Priteshkumar Soni ,  Arkadiusz Koziol ,  Jacques Doornebos

发明人： Frank Kmiec ,  Ari Studnitzer ,  Donald Mendelson ,  Zachary Bonig ,  Priteshkumar Soni ,  Arkadiusz Koziol ,  Jacques Doornebos

IPC分类号： G06Q40/04

摘要： Systems and methods for communication of financial messages from an Exchange to market participants whereby messages directed to particular market participants may be consolidated with other messages directed to all market participants and communicated via the same communications medium while preserving the anonymity of those market participants to which messages are particularly directed. Accordingly, redundant communications are eliminated, reducing the overall volume of communicated data and the resources necessary in support thereof; inhibition of any one market participant intentionally or unintentionally influencing the market via exposure of their activities, or otherwise unfairly impinging on the exposed activities of other market participants, is maintained; and inequitable information access is eliminated as the consolidated messages are transmitted to all market participants substantially simultaneously over the same medium thereby minimizing or eliminating any advantage or opportunity one market participant may have to receive market information ahead of the other market participants.

公开(公告)号：US20210118027A1

公开(公告)日：2021-04-22

申请号：US16660201

申请日：2019-10-22

申请人： Alexis Laurence Atkinson ,  Joshua John Matthews ,  Priteshkumar Soni

发明人： Alexis Laurence Atkinson ,  Joshua John Matthews ,  Priteshkumar Soni

IPC分类号： G06Q30/06

摘要： Systems and methods are provided for managing electronic messages to ensure fair and equitable distribution of information. Two electronic messages are generated by an electronic trading system. A first message includes relevant details of a change of state in an electronic order book due to a received order from a participant. The second message only includes an order identifier corresponding to the first message. The first message is multicast to all market participants. The second message is privately transmitted only to market participants that may access or act upon the received order as a result of a prior relationship with the participant that submitted the received order. After receiving both messages, market participants that may access or act upon the received order may screen an entire order book so that they may identify which orders in the market are available for that market participant to access or act upon.