Invention Grant
- Patent Title: Systems and methods for providing up-to-date information for transactions
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Application No.: US14688463Application Date: 2015-04-16
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Publication No.: US10346910B2Publication Date: 2019-07-09
- Inventor: Bradley Katsuyama , John Schwall , Robert Park , Ronan Ryan , Benjamin Aisen , Daniel Aisen , Donald Bollerman , Francis Chung , Stanley Feldman , Tara McKee , Bilie Zhao , James Michael Cape , David Lauer , Allen Zhang , Blair Livingston , Matthew Norbert Trudeau , Zoran Perkov
- Applicant: IEX Group, Inc.
- Applicant Address: US NY New York
- Assignee: IEX GROUP, INC.
- Current Assignee: IEX GROUP, INC.
- Current Assignee Address: US NY New York
- Agency: Goodwin Procter LLP
- Main IPC: G06Q40/04
- IPC: G06Q40/04 ; G06Q30/02 ; G06Q40/06

Abstract:
In a system for executing transaction requests, a received request for a transaction in an item is delayed prior to matching that request with another request for transaction in that item by a delay based on a communication delay and/or a processing delay. The communication delay represents the time required to receive updated information about the item and the processing delay represents the time required to compute an updated item price using the received updated information.
Public/Granted literature
- US20150302441A1 SYSTEMS AND METHODS FOR PROVIDING UP-TO-DATE INFORMATION FOR TRANSACTIONS Public/Granted day:2015-10-22
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