58 results about "Electronic trading" patented technology

A high-speed matching-engine architecture is disclosed that sustains deterministic sub-microsecond latency while processing more than 10 million order messages per second per core on commodity multi-core processors. Orders reside in cache-aligned Data Holder Nodes whose occupancy and price-level boundaries are tracked with constant-time bitmask operations, eliminating pointer-chasing penalties. Per-core huge-page pools, SIMD copy kernels, and lock-free, cache-line-aligned queues further minimize TLB misses and coherence overheads. Overflow is handled by Push Back / Push Forward cascades that relocate the least- or most-prioritized orders between adjoining nodes without violating price-time priority. Node capacities vary monotonically with book depth and are re-tuned online by a lightweight machine-learning controller that maximizes cache-hit probability under changing market micro-structure. The design tightens spreads, raises match-rate revenue, and complies with stringent regulatory latency caps using standard x86-64, Arm, or other architectures.

An electronic trading system is configured to create speculative orders based on real orders. The speculative order differs from the real order by the price, quantity, or the type of financial instrument. The match engine chooses one or more speculative orders in an attempt to predict the next real order. Even though processing multiple trades at the same time is impossible, the use of speculative orders can permit the match engine to perform the calculations involved with the trade and generate the messages associated with the trade ahead of time. If the prediction was correct and the next order received by the match engine corresponds to one of the speculative orders, some of the matching activity has already been performed. This in effect, allows the match engine to process trades more efficiently and increases the total trading volume that can be handled by the electronic trading system.

The present invention relates to the fields of blockchain and financial technology, and relates to a blockchain-based electronic transaction system using physical precious metal reserves to issue all certificates. The present invention provides a technical improvement to conventional blockchain-based electronic transaction systems by introducing physical precious metal reserves as a new component and issuing all electronic transaction certificates. Each certificate in a unit of measure has a one-to-one mapping to each mass component of physical precious metal reserve, so that the system achieves qualitative persistence, identity, and replicability across time and space in terms of constituent elements, issuance mechanisms, functional structures and interaction relations thereof, and the production and manufacturing cost of the system can be meaningfully analyzed. The present invention enables pricing, trading, and accounting of goods and services based on the mass of precious metals, and enables direct exchange of goods and services with physical precious metals, meeting innovative operational requirements of multinational corporations in global business.

The present application generally relates to electronic trading systems, and more specifically to systems and methods for electronic trade order routing. A routing algorithm may generate an execution style recommendation for incoming IG corporate orders. For example, the style recommendation may be shown as a new column in the trading application dashboard that suggests a course of action to traders for each order. In one implementation, automatic decision making may occur based on the style recommendation.

An electronic trading system utilizes a Match Engine that receives orders, stores them internally, calculates tradable combinations and advertises the availability of real and implied orders in the form of market data. New tradable items defined as combinations of other tradable items may be included in the calculation of tradable combinations. A technique is disclosed for suppression of the calculation and / or subsequent listing of an implied order when the order is either undesired or unnecessary in the market therefore.

Systems and methods of the present disclosure enable an electronic transaction platform that receives a request to begin the electronic communication session identifying a preferred instrument feature relating to the target financial instrument to be traded. The electronic transaction platform receive instrument feature data relating to characteristics of financial instruments available to trade, and clusters, using a clustering machine learning model, the financial instruments into instrument feature groups based on the characteristics. The target financial instrument is classified with the clustering machine learning model into one of the instrument feature groups based on the preferred instrument feature to identify similar financial instruments. A dealer user is identified to act as an intermediate entity in a transaction with the similar financial instruments and a graphical user interface is presented to the user with active links to connect to the dealer user for each similar financial instrument.

Systems and methods related to financial trading are provided. More specifically, some embodiments relate to systems and methods for electronic trading using market data channels which users can subscribe. Various embodiments of the present technology can provide a suite of devices that are designed to actively modify market data at the intake point (co-location facility) in order to optimally disseminate only relevant information to various applications. These filtered market data channels can then be accessed by trading systems through various subscription models. Various embodiments allow for any type of channel that alters the natural or pure market data feed to produce different data flows and other signals (e.g., triggers, synthetic prices, etc.)

The purpose is to provide a token issuance system that can provide real assets that exist in the real world as digital assets that are highly reliable, easy to handle, and transparent. [Solution] The electronic trading network system S is configured to ensure the existence of assets that have a real existence in the real world, while transforming the assets into non-fungible tokens as assets to be issued and treating them as equivalent assets on the network.It is also configured to be able to execute electronic transactions of the assets to be issued, or provide information such as the ability to view the assets to be issued, using smart contracts (transaction processing specification information) that specify predetermined processing and restrictions.

System, method, and apparatus may determine exchange and clearinghouse fees for a client to an executed trade based on client fee instructions indicating real time fee rates in a trade message generated by an electronic trading exchange that executes the trade, without any additional information other than information in the trade message.

Method, apparatus, and system may control chronological sequencing of data items received from a plurality of client computing devices, according to times of completion of transmission respectively from the client computing devices and distributing the data items according to the chronological sequencing to one or more destination computing devices with minimal latency. In an exemplary implementation, trade orders from participant computing devices may be distributed by an electronic trading platform with minimal latency to exchange gateways, based on time of transmission of the trade orders to the platform instead of time of receipt of the trade orders by the platform, thereby avoiding unfairness to those participants whose computing devices are located at greater distances from the platform than other computing devices respectively of other participants.

A secure, compliant trading platform for securities exchange using the open outcry methodology within a secure electronic exchange environment that reduces or eliminates unfairness and opportunities for fraud within the marketplace. Enhancements to the system include the addition of an exchange blockchain for recording all trade events, smart contracts that allow the use of digital currencies for monetary transactions associated with trades, and an intelligent exchange assistant that monitors the exchange member's activity and offers contextual notifications and makes recommendations in real-time to assist the exchange member. The system assures that private information is retained private and the blockchain records immutable data that is used for compliance checking and performance analytics.

System, method, and apparatus may determine exchange and clearinghouse fees for a client to an executed trade based on client fee instructions indicating real time fee rates in a trade message generated by an electronic trading exchange that executes the trade, without any additional information other than information in the trade message.

The disclosed embodiments relate to reduction of computational resources of an electronic trading system required for management of electronic tradeable instruments via instantiation of data objects in a memory including both data inherited from and data linked to a master data object stored in an external data structure or database. The combination of both inherited and referenced attributes may uniquely define each instance to enable the electronic trading system to manage and process transactions for a large number of tradeable instrument variations with minimal computational resources. Thereby, the disclosed embodiments enable the listing en mass and scheduling of a large number of financial instruments for trading to cover, for example, various currency patterns, pricing sources and fixing times.

The present invention discloses a bid evaluation method, device and medium based on an electronic transaction platform, which belongs to the field of electronic bid evaluation technology; monitors the project progress in real time, determines whether the bidding project has reached the current progress, and automatically obtains the current project information if the project progress reaches the current node, enters the bidding document preparation and bid evaluation method setting; otherwise, the system continues to monitor the project progress; by introducing a conflict detection mechanism, it effectively solves the conflict problem that may exist in the information block processing process. First, the NLP technology is used to segment the information block, remove stop words and punctuation marks, obtain the text after segmentation, and obtain sentence vectors through the BERT model, extract named entities, and use syntactic analysis technology to build a grammatical tree of the sentence, thereby realizing semantic analysis of the information block. By calculating the semantic similarity between information blocks and setting a threshold to determine whether there is repeated or similar content, the conflict between information blocks can be effectively identified and resolved.

In an intelligent system for providing and recording personalized context-specific financial advice, a method may comprise receiving, from a client device, a request for advice regarding a hierarchical portfolio of assets owned by an investor. The method may further comprise generating, based on the output of a neural network machine learning model, artificial intelligence suggestions for changing the hierarchical portfolio, assembling the AI suggestions and suggestion locations into an actionable artificial intelligence view of the hierarchical portfolio, and transmitting the AI view to the client device. The method may further comprise making a cryptocurrency payment related to service fees associated with the AI view via a blockchain network. The method may further comprise submitting placed transactions associated with the AI suggestions to an electronic trading platform, generating a revised hierarchical portfolio, and recording the AI view on a blockchain, thereby establishing or maintaining a portable financial record for the investor.

Method, apparatus and system may control chronological sequencing of data items received from a plurality of client computing devices, substantially based on times of completion of transmission respectively from the client computing devices, and distributing the data items according to the chronological sequencing to one or more destination computing devices with minimal latency. In an exemplary implementation, trade orders from participant computing devices may be distributed by an electronic trading platform with minimal latency to exchange gateways, substantially based on time of transmission of the trade orders to the platform instead of time of receipt of the trade orders by the platform, thereby avoiding unfairness to those participants whose computing devices are located at greater distances from the platform than other computing devices respectively of other participants.

An electronic trading system is configured to trade credit default swap (CDS) futures contracts on an open exchange. The CDS futures contract allows the buyer and seller isolate and trade the credit risk of a third party. The third pay may be a corporation, sovereign government, or any entity that issues bonds or notes. The CDS futures contract seller effectively pays the premium over time in increments determined by market rates and through the natural operation of the open market. The CDS futures contract buyer makes a contingency payment if the CDS futures contract goes in-the-money (ITM). Both sides of the contract are guaranteed by the exchange as a counterparty.

The present application generally relates to electronic trading systems, and more specifically to systems and methods for electronic trade order routing. Specifically, electronic trade orders may be divided into a first set and a second set. The first set of trade orders are executed with ad hoc execution styles. For the second set, execution style recommendations are generated in a form of a lookup table for the second set of trade orders according to a testing routing strategy. The second set of trade orders are executed with recommended execution styles. A difference between performance metrics among the first set of trade orders and the second set of trade orders is computed. A decision on whether to adopt the recommended execution style is generated based at least in part on the computed difference.

System and method for aggressively trading a spread trading strategy in an electronic environment are provided herein. According to the example embodiments, a trader may configure the automated trading tool to trade as aggressively as possible by leaning on a price without an associated quantity. This allows a trader to possibly obtain a more profitable price as well as get filled faster. Traders submit an order for a spread and the automated trading tool calculates the quote order price based on a defined level of aggressiveness, the leaned on price, and the desired spread price. Based on the level of defined aggressiveness and the gap in the market, the automated trading tool may lean on a mildly, moderately, or extremely aggressive price.

An electronic trading system (ETS) implements risk mitigation methods for orders and quotes associated with a market participant on the ETS. The methods determine a measure of risk associated with one or more trading positions. One of the methods globally counts the number of breaches of risk thresholds associated with a trading symbol and market participant across all matching engines on the ETS over a rolling time period, and if this global risk counter exceeds a maximum, disables all further trades by the market participant on the ETS. Another method limits the number of automatic re-enablements that a market participant can request in response to prior breaches of risk thresholds that resulted in disabling any further trading by the market participant on the ETS.

Systems and methods for transforming an electronic portfolio. A system includes an electronic crossing platform that receives data defining trade orders of the electronic portfolio during an initial time period; compares portions of the data to determine an imbalance of the trade orders remaining after the initial time period and receives, during a final time period, a final trade order from a fund agent device to offset the remaining imbalance. The platform receives, after the final time period, a benchmark value of the electronic portfolio from a fund device; compares the final trade order with the remaining imbalance to determine an adjustment value; converts the benchmark value to a final value by applying the adjustment value to the benchmark value; and transforms the electronic portfolio into the transformed portfolio by creating paired buy and sell orders among the trade orders received during the initial time period at the final value.

Facility, including: at least one processing device; and at least one memory storing instructions that, when executed by the at least one processing device, cause the at least one processing device to perform a method for preventing tampering in an electronic commerce system, the instructions causing the at least one processing device to: (i) obtain orders in respect of an asset from an electronic trading system; (ii) identify a value for the asset to be used during an intraday auction relating to the asset, the identified value being based on a determined order crossing within the orders, the value being identified and set prior to the intraday auction, the value being within a band of the best bid-best offer (BBO) spread, and the BBO band being generated using market data received from a real-time BBO feed; (iii) determine whether or not the BBO band has changed within a period of milliseconds after the determined order crossing; (iv) if the BBO band has changed during the period, repeat steps (i) to (iii); where, if it is determined that the BBO band has not changed during the period, the instructions cause the at least one processing device to initiate the intraday auction relating to the asset based on the identified and set value and the determined order crossing; where changes to the BBO band during the intraday auction have no effect on the identified and fixed value.

The disclosed embodiments relate to improving the efficiency of an electronic trading system for interest rate swaps (“IRS”) by allowing for IRS contracts to be funded in a base currency while the cash flows, e.g. coupon payments, price alignment interest, variation margin, are denominated in a local currency different from the base currency. Thereby cash flows may be netted and offset minimizing the magnitude of funds needed to be moved and reducing the number of transactions processed by the electronic trading system as well as the consumption of computational resources thereby. Furthermore, the disclosed embodiments facilitate entering into IRS transactions is a currency different from the currency of cash flows while eliminating Herstatt risk due to volatility of foreign exchange rates, which allows for increased off shore participation and thereby increased transaction volume.

This provides an electronic trading system and method based on a point-to-point mesh architecture. [Solution] The electronic trading system is based on a point-to-point mesh architecture and comprises a gateway, a core compute node, and a sequencer. The core compute node performs the electronic trading matching function. The gateway sends messages to the core compute node via a first direct connection and to the sequencer via a second direct connection. The sequencer sends the ordered message to the core compute node via a third direct connection. The core compute node completes the electronic trading matching function by determining the relative ranking among other messages based on the ordered message.

The disclosed embodiments relate to a latency floor mechanism for processing incoming orders to an electronic trading system which impart a delay on orders, not when they are received, but when they are matched by the match engine / CLOB thereby imparting zero added latency between order submission / modifications / cancellations and price market data publication by the electronic trading system because the disclosed randomization processing delay applies only to matched orders, which represent a small fraction of the market events.

System and methods for a connection proxy server are described. According to an example method described herein, a connection proxy server stores subscription, product tables as well as other downloads that are provided to a client terminal during initialization stage as well as later during a trading session. Upon detecting that a connection between the client terminal and a gateway is lost, the connection proxy maintains a communication session created for the client terminal at the gateway and receives data intended for the client terminal. If the connection is re-established between the client terminal and the gateway during a predetermined period of time, the connection proxy provides the stored data to the client terminal thus avoiding a surge in processing resources at the gateway due to the necessary downloads.

This invention discloses a closed-loop, double-locked bulk commodity trading platform and trading method for domestic trade, belonging to the field of electronic bulk commodity trading technology. It adopts a four-layer hierarchical isolation architecture. The security double-locked layer performs dual verification of the identity legitimacy and fund authorization compliance of transaction requests sequentially, and employs a double-locked transaction execution judgment model, allowing transaction execution only when both verifications pass. The transaction business layer performs hash matching verification of the three flows (funds, goods, and information) after the double-locks pass. Upon successful verification, closed-loop settlement is completed within the platform's closed account system, following a closed-loop fund balance model. The data storage layer stores the entire process verification records and operation logs using a chained hash structure, supporting post-event audit traceability and integrity verification. This invention improves transaction access security, fund flow closure, and operation record traceability through pre-event double-lock access, in-event three-flow verification, and post-event encrypted evidence storage—a complete closed-loop control system.

The disclosed embodiments relate to automatically enabling unconstrained inputs of data, e.g., related to quantities of a proposed trade order for submission to an electronic trading system from parties in an electronic data transaction system that enforces constraints, e.g., a maximum precision in specified quantities, on the inputs relating to the proposed trades that can be submitted by the counterparties. The disclosed embodiments relate to a user interface and system that enables a participant to specify quantities for trades with an increased precision, e.g., fractional quantities, enabling more precise alignment of the transactional characteristics with the specific goals of the participant, in an electronic trading system which constrains tradeable quantities to a maximum allowable precision, e.g., such as whole number quantities, based on business and / or regulatory requirements, e.g., requirements which dictate, for example, that transactions may only take place in whole number quantities or units.

An electronic trading system (ETS) implements risk mitigation methods for orders and quotes associated with a market participant on the ETS. The methods determine a measure of risk associated with one or more trading positions. One of the methods globally counts the number of breaches of risk thresholds associated with a trading symbol and market participant across all matching engines on the ETS over a rolling time period, and if this global risk counter exceeds a maximum, disables all further trades by the market participant on the ETS. Another method limits the number of automatic re-enablements that a market participant can request in response to prior breaches of risk thresholds that resulted in disabling any further trading by the market participant on the ETS.