公开(公告)号：US20200160445A1

公开(公告)日：2020-05-21

申请号：US16504871

申请日：2019-07-08

Applicant: IEX GROUP, INC.

Inventor： Bradley Toshio Katsuyama ,  John Schwall ,  Robert Park ,  Ronan Ryan ,  Benjamin Aisen ,  Daniel Aisen ,  Donald Bollerman ,  Francis Chung ,  Stanley Feldman ,  Tara McKee ,  Billie Zhao ,  James Michael Cape ,  David Lauer ,  Allen Zhang ,  Blair Livingston ,  Matthew Norbert Trudeau ,  Zoran Perkov

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.

公开(公告)号：US10467694B2

公开(公告)日：2019-11-05

申请号：US14322996

申请日：2014-07-03

Applicant: IEX Group, Inc.

Inventor： Bradley Katsuyama ,  John Schwall ,  Robert Park ,  Ronan Ryan ,  Benjamin Aisen ,  Daniel Aisen ,  Donald Bollerman ,  Francis Chung ,  Stanley Feldman ,  Tara McKee ,  Billie Zhao ,  James Michael Cape ,  David Lauer ,  Allen Zhang ,  Blair Livingston

IPC: G06Q30/08 ,  G06Q40/04 ,  H04L12/801

Abstract: Embodiments of the transmission latency leveling apparatuses, methods and systems provide an electronic bidding order management infrastructure, such as a “point-of-presence,” which receives and routes electronic trading orders from different trading entities at a server via a transmission medium to create a certain amount of transmission latency before the trading orders could arrive at and be executed at electronic exchanges to reduce latency arbitrage and/or order book arbitrage that may be experienced by high frequency trading participants. A similar transmission latency may be applied to the egress transmission of market data updates issued by an electronic exchange. Other techniques for facilitating electronic trading are also disclosed.