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公开(公告)号:US11348173B2
公开(公告)日:2022-05-31
申请号:US16818648
申请日:2020-03-13
发明人: Paul Andrew Bauerschmidt , Ari L. Studnitzer , William J. Albert , Paul J. Callaway , James W. Farrell , A. Shanthi Thiruthuvadoss
摘要: The disclosed systems and methods relate to allowing trading of over the counter (“OTC”) foreign exchange (“FX”) contracts on a centralized matching and clearing mechanism, such as that of the Chicago Mercantile Exchange's (“CME”'s) futures exchange system (the “Exchange”). The disclosed systems and methods allow for anonymous transactions, centralized clearing, efficient settlement and the provision of risk management/credit screening mechanisms to lower risk, reduce transaction costs and improve the liquidity in the FX market place. In particular, the disclosed embodiments increase speed of execution facilitating growing demand for algorithmic trading, increased price transparency, lower cost of trading, customer to customer trading, and automated asset allocations, recurring trades as well as clearing and settlement efficiencies.
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公开(公告)号:US20200219192A1
公开(公告)日:2020-07-09
申请号:US16818648
申请日:2020-03-13
发明人: Paul Andrew Bauerschmidt , Ari L. Studnitzer , William J. Albert , Paul J. Callaway , James W. Farrell , A. Shanthi Thiruthuvadoss
摘要: The disclosed systems and methods relate to allowing trading of over the counter (“OTC”) foreign exchange (“FX”) contracts on a centralized matching and clearing mechanism, such as that of the Chicago Mercantile Exchange's (“CME”'s) futures exchange system (the “Exchange”). The disclosed systems and methods allow for anonymous transactions, centralized clearing, efficient settlement and the provision of risk management/credit screening mechanisms to lower risk, reduce transaction costs and improve the liquidity in the FX market place. In particular, the disclosed embodiments increase speed of execution facilitating growing demand for algorithmic trading, increased price transparency, lower cost of trading, customer to customer trading, and automated asset allocations, recurring trades as well as clearing and settlement efficiencies.
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3.
公开(公告)号:US20230059070A1
公开(公告)日:2023-02-23
申请号:US17973619
申请日:2022-10-26
发明人: Paul Andrew Bauerschmidt , Dmitriy Glinberg , Edward M. Gogol , Stephen M. Goldman , Paul I. Lichter , Jeffrey Robert Mitchell , Ari L. Studnitzer , Tae Seok C. Yoo
摘要: The disclosed systems and methods relate to allowing trading of over the counter (“OTC”) foreign exchange (“FX”) contracts on a centralized matching and clearing mechanism, such as that of the Chicago Mercantile Exchange's (“CME”'s) futures exchange system (the “Exchange”). The disclosed systems and methods allow for anonymous transactions, centralized clearing, efficient settlement and the provision of risk management/credit screening mechanisms to lower risk, reduce transaction costs and improve the liquidity in the FX market place. In particular, the disclosed embodiments increase speed of execution facilitating growing demand for algorithmic trading, increased price transparency, lower cost of trading, customer to customer trading, and automated asset allocations, recurring trades as well as clearing and settlement efficiencies.
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4.
公开(公告)号:US20220148087A1
公开(公告)日:2022-05-12
申请号:US17582183
申请日:2022-01-24
发明人: Paul Andrew Bauerschmidt , Dmitriy Glinberg , Edward M. Gogol , Stephen M. Goldman , Paul I. Lichter , Jeffrey Robert Mitchell , Ari L. Studnitzer , Tae Seok C. Yoo
摘要: The disclosed systems and methods relate to allowing trading of over the counter (“OTC”) foreign exchange (“FX”) contracts on a centralized matching and clearing mechanism, such as that of the Chicago Mercantile Exchange's (“CME”' s) futures exchange system (the “Exchange”). The disclosed systems and methods allow for anonymous transactions, centralized clearing, efficient settlement and the provision of risk management/credit screening mechanisms to lower risk, reduce transaction costs and improve the liquidity in the FX market place. In particular, the disclosed embodiments increase speed of execution facilitating growing demand for algorithmic trading, increased price transparency, lower cost of trading, customer to customer trading, and automated asset allocations, recurring trades as well as clearing and settlement efficiencies.
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5.
公开(公告)号:US20200320628A1
公开(公告)日:2020-10-08
申请号:US16907958
申请日:2020-06-22
发明人: Paul Andrew Bauerschmidt , Dmitriy Glinberg , Edward M. Gogol , Stephen M. Goldman , Paul I. Lichter , Jeffrey Robert Mitchell , Ari L. Studnitzer , Tae Seok C. Yoo
摘要: The disclosed systems and methods relate to allowing trading of over the counter (“OTC”) foreign exchange (“FX”) contracts on a centralized matching and clearing mechanism, such as that of the Chicago Mercantile Exchange's (“CME”'s) futures exchange system (the “Exchange”). The disclosed systems and methods allow for anonymous transactions, centralized clearing, efficient settlement and the provision of risk management/credit screening mechanisms to lower risk, reduce transaction costs and improve the liquidity in the FX market place. In particular, the disclosed embodiments increase speed of execution facilitating growing demand for algorithmic trading, increased price transparency, lower cost of trading, customer to customer trading, and automated asset allocations, recurring trades as well as clearing and settlement efficiencies.
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6.
公开(公告)号:US20230281715A1
公开(公告)日:2023-09-07
申请号:US18197196
申请日:2023-05-15
发明人: Paul Andrew Bauerschmidt , Dmitriy Glinberg , Edward M. Gogol , Stephen M. Goldman , Paul I. Lichter , Jeffrey Robert Mitchell , Ari L. Studnitzer , Tae Seok C. Yoo
摘要: The disclosed systems and methods relate to allowing trading of over the counter (“OTC”) foreign exchange (“FX”) contracts on a centralized matching and clearing mechanism, such as that of the Chicago Mercantile Exchange's (“CME”'s) futures exchange system (the “Exchange”). The disclosed systems and methods allow for anonymous transactions, centralized clearing, efficient settlement and the provision of risk management/credit screening mechanisms to lower risk, reduce transaction costs and improve the liquidity in the FX market place. In particular, the disclosed embodiments increase speed of execution facilitating growing demand for algorithmic trading, increased price transparency, lower cost of trading, customer to customer trading, and automated asset allocations, recurring trades as well as clearing and settlement efficiencies.
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7.
公开(公告)号:US11694265B2
公开(公告)日:2023-07-04
申请号:US17973619
申请日:2022-10-26
发明人: Paul Andrew Bauerschmidt , Dmitriy Glinberg , Edward M. Gogol , Stephen M. Goldman , Paul I. Lichter , Jeffrey Robert Mitchell , Ari L. Studnitzer , Tae Seok C. Yoo
摘要: The disclosed systems and methods relate to allowing trading of over the counter (“OTC”) foreign exchange (“FX”) contracts on a centralized matching and clearing mechanism, such as that of the Chicago Mercantile Exchange's (“CME”'s) futures exchange system (the “Exchange”). The disclosed systems and methods allow for anonymous transactions, centralized clearing, efficient settlement and the provision of risk management/credit screening mechanisms to lower risk, reduce transaction costs and improve the liquidity in the FX market place. In particular, the disclosed embodiments increase speed of execution facilitating growing demand for algorithmic trading, increased price transparency, lower cost of trading, customer to customer trading, and automated asset allocations, recurring trades as well as clearing and settlement efficiencies.
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公开(公告)号:US20130212423A1
公开(公告)日:2013-08-15
申请号:US13762055
申请日:2013-02-07
发明人: Paul J. Callaway , Robert C. Hagemann, III , Zuber Shethwala , Troy Reece , Paul Andrew Bauerschmidt , Enrico Ferrari
IPC分类号: G06F11/20
CPC分类号: G06F11/1446 , G06F11/1474 , G06F11/1641 , G06F11/1687 , G06F11/1695 , G06F11/202 , G06F11/2028 , G06F11/2038 , G06F11/2046 , G06F11/2097 , G06Q40/00 , G06Q40/04
摘要: Fault tolerant operation is disclosed for a primary match server of a financial exchange using an active copy-cat instance, a.k.a. backup match server, that mirrors operations in the primary match server, but only after those operations have successfully completed in the primary match server. Fault tolerant logic monitors inputs and outputs of the primary match server and gates those inputs to the backup match server once a given input has been processed. The outputs of the backup match server are then compared with the outputs of the primary match server to ensure correct operation. The disclosed embodiments further relate to fault tolerant failover mechanism allowing the backup match server to take over for the primary match server in a fault situation wherein the primary and backup match servers are loosely coupled, i.e. they need not be aware that they are operating in a fault tolerant environment.
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9.
公开(公告)号:US11538109B2
公开(公告)日:2022-12-27
申请号:US17582183
申请日:2022-01-24
发明人: Paul Andrew Bauerschmidt , Dmitriy Glinberg , Edward M. Gogol , Stephen M. Goldman , Paul I. Lichter , Jeffrey Robert Mitchell , Ari L. Studnitzer , Tae Seok C. Yoo
摘要: The disclosed systems and methods relate to allowing trading of over the counter (“OTC”) foreign exchange (“FX”) contracts on a centralized matching and clearing mechanism, such as that of the Chicago Mercantile Exchange's (“CME”'s) futures exchange system (the “Exchange”). The disclosed systems and methods allow for anonymous transactions, centralized clearing, efficient settlement and the provision of risk management/credit screening mechanisms to lower risk, reduce transaction costs and improve the liquidity in the FX market place. In particular, the disclosed embodiments increase speed of execution facilitating growing demand for algorithmic trading, increased price transparency, lower cost of trading, customer to customer trading, and automated asset allocations, recurring trades as well as clearing and settlement efficiencies.
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公开(公告)号:US20220253936A1
公开(公告)日:2022-08-11
申请号:US17723911
申请日:2022-04-19
发明人: Paul Andrew Bauerschmidt , Ari L. Studnitzer , William J. Albert , Paul J. Callaway , James W. Farrell , A. Shanthi Thiruthuvadoss
摘要: The disclosed systems and methods relate to allowing trading of over the counter (“OTC”) foreign exchange (“FX”) contracts on a centralized matching and clearing mechanism, such as that of the Chicago Mercantile Exchange's (“CME”'s) futures exchange system (the “Exchange”). The disclosed systems and methods allow for anonymous transactions, centralized clearing, efficient settlement and the provision of risk management/credit screening mechanisms to lower risk, reduce transaction costs and improve the liquidity in the FX market place. In particular, the disclosed embodiments increase speed of execution facilitating growing demand for algorithmic trading, increased price transparency, lower cost of trading, customer to customer trading, and automated asset allocations, recurring trades as well as clearing and settlement efficiencies.
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