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US 2021/0264518 A1Published application
Electronic outcry messaging for electronic trading
AssigneeChicago Mercantile Exchange Inc.
InventorsDaniel Judson, Prashant Kumar
Life of this patent
Estimating the term…
Abstract
Methods, devices, and systems for facilitation of communication between participants of an electronic marketplace involve receiving a message generated from a market participant and transmitting the message to other market participants. The facilitation also involves receiving responses to the message from the other market participants and transmitting the responses to the message originating market participant such that the transmitted response is imperceptible to the other market participants.
Claims22
A computer implemented method comprising:
- receiving, by a specifically configured processor via an electronic communications system coupled therewith, an electronic message generated by a market participant of a subset of a plurality of market participants enabled to generate and receive electronic messages via the electronic communication system;
- determining, by the processor, whether the received electronic message is solicited or unsolicited, wherein the electronic message is determined to be solicited when it is responsive to another electronic message previously communicated to the market participant, and otherwise determined to be unsolicited;
- transmitting, automatically by the processor via the electronic communications system based on the determination that the received electronic message is unsolicited, the received electronic message to all other market participants of the subset of the plurality of market participants;
- and
- transmitting, automatically by the processor via the electronic communications system based on the determination that the received electronic message is solicited, the received electronic message only to the market participant of the subset of the plurality of market participants who generated the other electronic message to which the received electronic message is responsive, the received electronic message not being transmitted via the electronic communications system to the others of the subset of the plurality of market participants.
2 more elements
A system comprising:
- a processor;
- and
- computer executable instructions stored in a memory coupled with the processor that when executed by the processor, cause the processor to:
- receive, via an electronic communications system coupled with the processor, an electronic message generated by a market participant of a subset of a plurality of market participants enabled to generate and receive electronic messages via the electronic communication system;
- determine whether the received electronic message is solicited or unsolicited, wherein the electronic message is determined to be solicited when it is responsive to another electronic message previously communicated to the market participant, and otherwise determined to be unsolicited;
- transmit, automatically via the electronic communications system based on the determination that the received electronic message is unsolicited, the received electronic message to all other market participants of the subset of the plurality of market participants;
- and
- transmit, automatically via the electronic communications system based on the determination that the received electronic message is solicited, the received electronic message only to the market participant of the subset of the plurality of market participants who generated the other electronic message to which the received electronic message is responsive, the received electronic message not being transmitted via the electronic communications system to the others of the subset of the plurality of market participants.
5 more elements
A system comprising:
- a first logic stored in a memory and configured to be executed by a processor to cause the system to receive, via an electronic communications system coupled with the processor, an electronic message generated by a market participant of a subset of a plurality of market participants enabled to generate and receive electronic messages via the electronic communication system;
- a second logic stored in the memory and configured to be executed by the processor to cause the system to determine whether the received electronic message is solicited or unsolicited, wherein the electronic message is determined to be solicited when it is responsive to another electronic message previously communicated to the market participant, and otherwise determined to be unsolicited;
- a third logic stored in the memory and configured to be executed by the processor to cause the system to transmit, automatically via the electronic communications system based on the determination that the received electronic message is unsolicited, the received electronic message to all other market participants of the subset of the plurality of market participants;
- and
- a fourth logic stored in the memory and configured to be executed by the processor to cause the system to transmit, automatically via the electronic communications system based on the determination that the received electronic message is solicited, the received electronic message only to the market participant of the subset of the plurality of market participants who generated the other electronic message to which the received electronic message is responsive, the received electronic message not being transmitted via the electronic communications system to the others of the subset of the plurality of market participants.
2 more elements
Dependencies are inferred from the claim text.