公开(公告)号：US20210287291A1

公开(公告)日：2021-09-16

申请号：US17334070

申请日：2021-05-28

Applicant: Chicago Mercantile Exchange Inc.

Inventor： Frank Kmiec ,  Ari Studnitzer ,  Donald Mendelson ,  Zachary Bonig ,  Priteshkumar Soni ,  Arkadiusz Koziol ,  Jacques Doornebos

IPC: G06Q40/04

Abstract: The disclosed embodiments relate to communication of financial messages from an Exchange to market participants whereby messages directed to particular market participants may be consolidated with other messages directed to all market participants and communicated via the same communications medium while preserving the anonymity of those market participants to which messages are particularly directed. Accordingly, redundant communications are eliminated, reducing the overall volume of communicated data and the resources necessary in support thereof; inhibition of any one market participant intentionally or unintentionally influencing the market via exposure of their activities, or otherwise unfairly impinging on the exposed activities of other market participants, is maintained; and inequitable information access is eliminated as the consolidated messages are transmitted to all market participants substantially simultaneously over the same medium thereby minimizing or eliminating any advantage or opportunity one market participant may have to receive market information ahead of the other market participants.