Invention Grant
- Patent Title: Market operation through regulation of incoming order match allocation and/or dynamic resting order match allocation priorities
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Application No.: US14644460Application Date: 2015-03-11
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Publication No.: US11544785B2Publication Date: 2023-01-03
- Inventor: Paul Callaway , Sean Castette , Kireeti Reddy , Akira Yamaguchi , Jose Antonio Acuña-Rohter , Pearce Peck-Walden , Zachary Bonig
- Applicant: Chicago Mercantile Exchange Inc.
- Applicant Address: US IL Chicago
- Assignee: Chicago Mercantile Exchange Inc.
- Current Assignee: Chicago Mercantile Exchange Inc.
- Current Assignee Address: US IL Chicago
- Agency: Lempia Summerfield Katz LLC
- Main IPC: G06Q40/04
- IPC: G06Q40/04

Abstract:
The disclosed embodiments relate to regulation of a rate of incoming orders by buffering or otherwise batching orders together as they are received and subsequently forwarding batches of orders to a match engine for processing thereby in a manner which may equalize orders from traders having varying abilities to rapid submit orders or otherwise capitalize on market events. The disclosed embodiments further relate to prioritizing the matching of resting orders against an incoming order. In particular, the disclosed embodiments alter the priority of a given resting order to match against an incoming order, relative to other suitably matching resting orders, as a function of how long the orders have been resting on the order book.
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