- Patent Title: Systems and methods of prioritized electronic data match processing
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Application No.: US18146186Application Date: 2022-12-23
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Publication No.: US12056154B2Publication Date: 2024-08-06
- Inventor: Leo Golubovsky , Chung-Sin Wang
- Applicant: NASDAQ, INC.
- Applicant Address: US NY New York
- Assignee: NASDAQ, INC.
- Current Assignee: NASDAQ, INC.
- Current Assignee Address: US NY New York
- Agency: Nixon & Vanderhye P.C.
- Main IPC: G06F16/00
- IPC: G06F16/00 ; G06F16/27 ; G06F16/93 ; G06Q40/04

Abstract:
An electronic exchange computing system is provided that includes a computer storage system, at least one transceiver, and a processing system. The storage system stores an electronic order book. The transceiver receives data transaction requests and transmits messages of an electronic data feed. The processing system determines that a first order has priority and generates a new order ID for the first order. The first order is maintained in the electronic order book (e.g., with a quantity of 0). Additional order instructions are received from a client computer system and are associated with the first order. A match is found based on the additional order instructions. A data feed update message is generated and transmitted as part of a real-time data feed and includes the newly generated order ID for the first order.
Public/Granted literature
- US20230127902A1 SYSTEMS AND METHODS OF PRIORITIZED ELECTRONIC DATA MATCH PROCESSING Public/Granted day:2023-04-27
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