Systems and methods for implemeting a meta-queue for transactions
AssigneeIEX Group, Inc.
InventorsAdrian Facini, Francis Chung, Daniel Aisen, Robert Park, Bradley Katsuyama, Constantine Sokoloff
Life of this patent
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AssigneeIEX Group, Inc.
InventorsAdrian Facini, Francis Chung, Daniel Aisen, Robert Park, Bradley Katsuyama, Constantine Sokoloff
Estimating the term…
In a system for processing transactions, a received request for a transaction is either placed in a meta-queue or placed in a priority-parameter-based queue, depending on whether the request was received while the meta-queue was open. The transaction requests placed in the priority-parameter-based queue are processed only after all requests in the meta-queue are completely processed, and the requests in the priority-parameter-based queue are generally processed in the order of time of arrival of the requests. The requests in the meta-queue are not prioritized solely on the basis of the time of arrival, and may be selected for processing based on one or more request parameters, which can include the time of arrival. A selected portion of several or all requests in the meta-queue may be processed before processing another portion of one or more requests.
A method for compensating for communication or computation delays affecting orders received by an electronic trading system, the method comprising:
A system for compensating for communication or computation delays affecting orders received by an electronic trading platform, the system comprising:
Dependencies are inferred from the claim text.