US 8,571,964 B2Granted

Methods and systems for measuring comparative data

AssigneeCfph, LLC

InventorsJames R. Driscoll, Matthew W. Claus

Life of this patent

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Abstract

Methods and corresponding system are provided herewith that, in at least one embodiment, include the act or acts of determining a first instance in which a first request is received by an exchange; determining a second instance in which a second request is received by the exchange, in which the second request defines a request to cancel the first request; determining a third instance in which a third request is received by the exchange, in which the third request corresponds to the first request; calculating a first difference between the second instance and the third instances; storing the first difference to a data storage, in which the data storage comprises a plurality of differences; and analyzing the plurality of differences to generate comparative information.

Claims27

Dependent claims

A method comprising:

transmitting, via a processor to a trading system, requests based on at least one trading algorithm, in which the requests include:
(i) a bid request or an offer request;
and
(ii) a request to cancel the bid request or the offer request at a later instance in time;
in which the processor and the trading system are in electronic communication over a network;
receiving, via the processor, an indication that the request to cancel was unsuccessful and the bid request or the offer request has been matched;
receiving a time by which the request to cancel was received and a time by which the bid request or the offer request was matched;
computing a difference between the time by which the request to cancel was received and the time by which the bid request or the offer request was matched, in which the difference comprises a length of time by which the request to cancel was unsuccessful;
and
adjusting, via the processor, the at least one trading algorithm based at least in part on the computed length of time.

7 more elements

Dependencies are inferred from the claim text.

Facts

Application: 11/680,070Filed 28 Feb 2007
Published: US 2008/0208729 A128 Aug 2008
Granted: 29 Oct 2013
Term ends: Not estimatedThe source records don’t support an estimate.

Classification4 codes

G06Q 40/04
Finance; Insurance; Tax strategies; Processing of corporate or income taxes: trading; Exchange, e.g. stocks, commodities, derivatives or currency…
H04L 43/0858
Delays: one way delays
G06Q
Information and communication technology [ict] specially adapted for administrative, commercial, financial, managerial
H04L
Digital communication