MULTIDIMENSIONAL ORDER MESSAGE INTERFACE
Patent Information
- Application Number
- DE602019071200
- Authority / Receiving Office
- DE · DE
- Patent Type
- Patents
- Current Assignee / Owner
- Priority Date
- 2018-12-28
- Filing Date
- 2019-12-19
- Publication Date
- 2025-06-18
- Estimated Expiration
- 2039-12-19
AI Technical Summary
Existing data transaction processing systems struggle to efficiently process non-standard commodities due to their complex attributes and lack of standardization, leading to slower, more manual, and less transparent transaction methods.
A computer-implemented method and system for processing electronic data transaction request messages using multi-dimensional orders, which allow participants to submit orders with tens or hundreds of price points for different variations of a commodity, reducing the need for manual negotiation and increasing transparency.
The system enables efficient and transparent processing of non-standard commodities by providing granular pricing and matching, reducing computational resources, and minimizing the need for manual intervention and premium/discount negotiations.