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US 8,751,403 B2Granted
Method and system for collecting and using market data from various sources
AssigneeYellowjacket, Inc.
InventorsJacob E. Pechenik, Gregory S. Campbell, Douglas E. Miller, Blake A. Barnes
Life of this patent
Estimating the term…
Abstract
A system and a method for collecting and using market data. The system includes a workstation, where at least one message is entered, a transmitter, where the at least one message is transmitted, a parser for parsing the at least one message, a data recognizer for identifying relevant information in the at least one message, a processor for extracting the relevant information and a communicator for communicating the relevant information.
Claims8
A system for collecting and using market data for submission to an exchange for clearing, the system comprising:
- at least one computing device comprising code that when executed generates:
- an interface that receives text generated by a user, the text comprised of structures and quotes on structures, each structure comprised of component parts;
- a market data recognition component that recognizes the structures and quotes in the text independent of at least one of an arrangement of the text, attributes of the text and information included in the text;
- a pricing, component that breaks down each structure into its component parts, calculates a relative value for each component part, and allocates the relative value to each component part;
- a mapping component that maps each component part to an equivalent exchange product suitable for clearing;
- and
- a submission component that submits each mapped component part to the exchange for clearing.
4 more elements
Dependencies are inferred from the claim text.