Virtual payment processing system
AssigneeChicago Mercantile Exchange Inc.
InventorAri Studnitzer
Life of this patent
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AssigneeChicago Mercantile Exchange Inc.
InventorAri Studnitzer
Estimating the term…
A system, apparatus, and method for resolving a data transaction is provided in which data transactions are resolved by a hardware matching processor that identifies data transaction requests received from client devices over a data communication network, matches incoming transaction requests with previously received transaction requests, and, based thereon, transmits electronic data transaction results messages to the client device. An incoming data transaction request is received and a match is attempted with one or more previously received but not yet resolved data transaction requests. It is identified whether either the incoming data transaction request or the matching data transaction request are dependent on the resolution of another data transaction request and whether that dependent data transaction request has been resolved. The data transaction requests are resolved and/or stored based on the match and resolution of dependencies.
A computer implemented method of resolving data transactions using a hardware matching processor of a data transaction processing system, the method comprising:
An apparatus for resolving asynchronously received data transaction request messages in a data transaction processing system in which data items are transacted by a hardware processor that identifies counter electronic transaction requests received at different times from different client computers over a data communication network and transmits electronic data transaction results messages to the client computers, the apparatus comprising:
A non-transitory computer readable medium including instructions for resolving a data transaction request with a counter data transaction request received asynchronously in time, that when executed by a processor, are operable to cause the processor to:
Dependencies are inferred from the claim text.