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US 8,027,895 B2Granted
Architecture for anonymous trading system
AssigneeEBS Group Limited
InventorsEdward Howorka, Vladimir Neyman, Steven Iaccheo, Neena Jain, James Shu
Life of this patent
Estimating the term…
Abstract
An anonymous trading system comprises a network of broker nodes, each of which have an equal status and can match orders, initiate deals and distribute prices. Trading agents are connected to some or all of the broker nodes. The network is arranged to conform to a series of rules and in a preferred embodiment the brokers are arranged as a clique tree.
Claims31
An electronic trading system comprising:
- a plurality of broker node computers each being configured to:
- match anonymous bids and offers entered into the system by counterparties;
- and execute matched bids and offers to complete a deal, the broker node computers being arranged as a plurality of cliques, wherein each clique comprises a plurality of logically connected broker node computers, with each broker node computer in the clique being connected to all other broker node computers in the clique and any two cliques being connected by a single path whereby the plurality of broker node computers form a clique tree.
An electronic trading system comprising:
- a plurality of broker node computers each being configured to distribute price quotation messages, the broker node computers being arranged as a plurality of cliques, wherein each clique comprises a plurality of logically connected broker node computers, with each broker node computer in the clique being connected to all other broker node computers in the clique and any two cliques being connected by a single path whereby the plurality of broker node computers form a clique tree.
Dependencies are inferred from the claim text.