US 12,586,129 B1Granted

Dual band detection and invalidation of erroneous request messages

AssigneeChicago Mercantile Exchange Inc.

InventorsJohn Paul Scheerer, Matthew Wayne Haynes, Francis Michael Cismoski, Andrew Peter Paso, Supreet Dhillon, Paul Alan Millhuff, David Earl Swanson, James Allen Bailey, Michal Pawel Rys

Life of this patent

Estimating the term…

patentgrep

Loading patent…

Abstract

A system may receive electronic request messages from various sources. The electronic request messages may include request operations for a first object. In some cases, the request operations may be inaccurate. Inaccurate request operations may be detected by extracting data indicative of value for the request operations from the electronic request messages. The data indicative of value may be compared to a band including a range of accurate values for the request operations for the first object. The data indicative of value may be compared to a second band including a range of accurate values for the request operations for a second object with a defined relationship to the first object.

Claims21

Dependent claims

A computer implemented method including:

determining, by a processor, a base value range based on a plurality of base electronic request messages including valid base transaction requests for a base product and without regard for any transactions for a related product different from the base product, base transaction requests being valid when within the base value range;
determining, by the processor, a related value range, the related value range based on a plurality of related electronic request messages including valid related transaction requests for the related product, related transaction requests being valid when within both the base value range and the related value range;
receiving, by the processor and via an electronic communications network, an incoming related electronic request message including an incoming related transaction request;
extracting, by the processor, data indicative of value for the incoming related transaction request from the incoming related electronic request message;
storing the data indicative of value in a first memory location;
comparing, by the processor in a first range comparison operation on the first memory location, the data indicative of value to the base value range to determine that the incoming related transaction request is outside of the base value range and is therefore invalid;
comparing, by the processor in a second range comparison operation on the first memory location, the data indicative of value to the related value range to determine whether the incoming related transaction request is inside of the related value range;
and
aborting, based on determining that the incoming related transaction request is outside of the base value range, processing of the incoming related transaction request to prevent adjustment of the related value range in response to incoming related transaction request.

6 more elements

A system including:

an electronic communications network;
a processor in data communication with the electronic communications network;
and
memory including executable instructions configured to cause the processor to:
determine a base value range based on a plurality of base electronic request messages including valid base transaction requests for a base product and without regard for any transactions for a related product different from the base product, base request transactions being valid when within the base value range;
determine a related value range, the related value range based on a plurality of related electronic request messages including valid related transaction requests for the related product, related transaction requests being valid when within both the base value range and the related value range;
invoke, when the related value range undergoes an above-threshold adjustment, velocity logic,
the velocity logic configured to, when invoked, execute anomalous condition messaging to effect, at least in part, a request halt for the related product;
receive, via the electronic communications network, one or more incoming related electronic request messages including one or more incoming related transaction requests within the related value range, the one or more incoming related transaction requests having an effect corresponding to the above-threshold adjustment;
extract data indicative of value for the one or more incoming related transaction requests from the one or more incoming related electronic request messages;
store the data indicative of value in a first memory location;
compare, in a first range comparison operation on the first memory location, the data indicative of value to the base value range to determine that each of the one or more incoming related transaction requests are outside of the base value range;
compare, in a second range comparison operation on the first memory location, the data indicative of value to the related value range to determine whether the incoming related transaction request is inside of the related value range;
and
invalidate, based on determining that each of the one or more incoming related transaction requests are outside of the base value range, the one or more incoming related transaction requests and thereby prevent invocation of the velocity logic.

12 more elements

A system including:

means for determining a base value range based on a plurality of valid base electronic request messages including base transaction requests for a base product and without regard for any transactions for a related product different from the base product, base transaction requests being valid when within the base value range;
means for determining a related value range, the related value range based on a plurality of valid related electronic request messages including related transaction requests for the related product, related transaction requests being valid when within both the base value range and the related value range;
means for invoking, when the related value range undergoes an above-threshold adjustment, velocity logic,
the velocity logic configured to, when invoked, execute anomalous condition messaging to effect, at least in part, a request halt for the related product;
means for receiving, via an electronic communications network, one or more incoming related electronic request messages including one or more incoming related transaction requests within the related value range, the one or more incoming related transaction requests having an effect corresponding to the above-threshold adjustment;
means for extracting data indicative of value for the one or more incoming related transaction requests from the one or more incoming related electronic request messages;
means for storing the data indicative of value in a first memory location;
means for comparing, in a second range comparison operation on the first memory location, the data indicative of value to the base value range to determine that each of the one or more incoming related transaction requests are outside of the base value range and are therefore invalid;
means for comparing, in a second range comparison operation on the first memory location, the data indicative of value to the related value range to determine whether the incoming related transaction request is inside of the related value range;
and
means for invalidating, based on determining that each of the one or more incoming related transaction requests are outside of the base value range, the one or more incoming related transaction requests and thereby prevent invocation of the velocity logic.

8 more elements

Dependencies are inferred from the claim text.