WO2006098843A3 - System and method of utilizing a distributed order book in an electronic trade match engine - Google Patents

System and method of utilizing a distributed order book in an electronic trade match engine Download PDF

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Publication number
WO2006098843A3
WO2006098843A3 PCT/US2006/005652 US2006005652W WO2006098843A3 WO 2006098843 A3 WO2006098843 A3 WO 2006098843A3 US 2006005652 W US2006005652 W US 2006005652W WO 2006098843 A3 WO2006098843 A3 WO 2006098843A3
Authority
WO
WIPO (PCT)
Prior art keywords
orders
order book
utilizing
match engine
electronic trade
Prior art date
Application number
PCT/US2006/005652
Other languages
French (fr)
Other versions
WO2006098843A2 (en
Inventor
Charlie Troxel Jr
Steve Goldman
Original Assignee
Chicago Mercantile Exchange
Charlie Troxel Jr
Steve Goldman
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Chicago Mercantile Exchange, Charlie Troxel Jr, Steve Goldman filed Critical Chicago Mercantile Exchange
Priority to CA002600278A priority Critical patent/CA2600278A1/en
Priority to JP2008500722A priority patent/JP4960952B2/en
Priority to EP06720854A priority patent/EP1866862A4/en
Publication of WO2006098843A2 publication Critical patent/WO2006098843A2/en
Publication of WO2006098843A3 publication Critical patent/WO2006098843A3/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/03—Credit; Loans; Processing thereof
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/04—Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

Methods and systems are providing for minimizing the effects of transmission delays when providing orders for financial instruments. A plurality of order books 208, 210, and 212, match engines 202, 204, and 206 may be maintained at geographically dispersed locations. The orders may be synchronized to provide the appearance of a single order book to traders and other users. The plurality of order books 208, 210, and 212, match engines 202, 204, and 206 allow traders and other users to transmit orders to the match engine associated with the shortest transmission delay and to access orders pending at other match engines.
PCT/US2006/005652 2005-03-11 2006-02-17 System and method of utilizing a distributed order book in an electronic trade match engine WO2006098843A2 (en)

Priority Applications (3)

Application Number Priority Date Filing Date Title
CA002600278A CA2600278A1 (en) 2005-03-11 2006-02-17 System and method of utilizing a distributed order book in an electronic trade match engine
JP2008500722A JP4960952B2 (en) 2005-03-11 2006-02-17 System and method for utilizing distributed order books in an electronic trading match engine
EP06720854A EP1866862A4 (en) 2005-03-11 2006-02-17 System and method of utilizing a distributed order book in an electronic trade match engine

Applications Claiming Priority (4)

Application Number Priority Date Filing Date Title
US66114405P 2005-03-11 2005-03-11
US60/661,144 2005-03-11
US11/183,393 2005-07-18
US11/183,393 US7788163B2 (en) 2005-03-11 2005-07-18 System and method of utilizing a distributed order book in an electronic trade match engine

Publications (2)

Publication Number Publication Date
WO2006098843A2 WO2006098843A2 (en) 2006-09-21
WO2006098843A3 true WO2006098843A3 (en) 2007-12-21

Family

ID=36972200

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2006/005652 WO2006098843A2 (en) 2005-03-11 2006-02-17 System and method of utilizing a distributed order book in an electronic trade match engine

Country Status (5)

Country Link
US (4) US7788163B2 (en)
EP (1) EP1866862A4 (en)
JP (1) JP4960952B2 (en)
CA (1) CA2600278A1 (en)
WO (1) WO2006098843A2 (en)

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US7765137B1 (en) 2005-05-05 2010-07-27 Archipelago Holdings, Inc. Method and system for maintaining an order on a selected market center
US7873561B1 (en) 2005-05-05 2011-01-18 Archipelago Holdings, Inc. Method and system for maintaining an order on a selected market center with maximum price exemption parameter
AU2006244483B2 (en) 2005-05-05 2012-05-31 Nyse Group, Inc. Tracking liquidity order
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US7908201B2 (en) 2005-05-05 2011-03-15 Archipelago Holdings, Inc. Cross and post order
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US10057333B2 (en) 2009-12-10 2018-08-21 Royal Bank Of Canada Coordinated processing of data by networked computing resources
US9979589B2 (en) 2009-12-10 2018-05-22 Royal Bank Of Canada Coordinated processing of data by networked computing resources
SG10201704581VA (en) 2009-12-10 2017-07-28 Royal Bank Of Canada Synchronized processing of data by networked computing resources
US9940670B2 (en) 2009-12-10 2018-04-10 Royal Bank Of Canada Synchronized processing of data by networked computing resources
US9959572B2 (en) 2009-12-10 2018-05-01 Royal Bank Of Canada Coordinated processing of data by networked computing resources
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US10263888B2 (en) * 2010-09-30 2019-04-16 Trading Technologies International, Inc. Sticky order routers
US10424004B2 (en) * 2012-12-14 2019-09-24 Cfph, Llc Distributed matching engine
US11544785B2 (en) * 2014-03-11 2023-01-03 Chicago Mercantile Exchange Inc. Market operation through regulation of incoming order match allocation and/or dynamic resting order match allocation priorities
US10395302B2 (en) * 2015-07-02 2019-08-27 Nasdaq, Inc. Matching techniques for data transaction requests with private attributes
US11164248B2 (en) * 2015-10-12 2021-11-02 Chicago Mercantile Exchange Inc. Multi-modal trade execution with smart order routing
US10127615B1 (en) 2016-06-14 2018-11-13 Chicago Stock Exchange, Inc. System and method for delaying an executable instruction that would otherwise be executable immediately upon arrival at an executing system
US10326862B2 (en) 2016-12-09 2019-06-18 Chicago Mercantile Exchange Inc. Distributed and transactionally deterministic data processing architecture
US20200402170A1 (en) * 2019-06-19 2020-12-24 Chicago Mercantile Exchange Inc. Deterministic Message Processing in a Distributed Network
CN112004147A (en) * 2020-08-20 2020-11-27 北京云中融信网络科技有限公司 Video rendering method and device, electronic equipment and storage medium
US20230177604A1 (en) * 2021-12-06 2023-06-08 Jonathon FLETCHER Dynamic allocation of locations of matching engines in a cloud-based exchange
US11797480B2 (en) * 2021-12-31 2023-10-24 Tsx Inc. Storage of order books with persistent data structures
KR102491656B1 (en) * 2022-01-13 2023-02-23 주식회사 위글로벌리 Method and apparatus for providing overseas factory brokerage platform based on metaverse service

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US20040068461A1 (en) * 2002-10-02 2004-04-08 Jens-Uwe Schluetter Method and apparatus for a fair exchange

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US20040068461A1 (en) * 2002-10-02 2004-04-08 Jens-Uwe Schluetter Method and apparatus for a fair exchange

Also Published As

Publication number Publication date
US10163151B2 (en) 2018-12-25
US20190087891A1 (en) 2019-03-21
US20060206407A1 (en) 2006-09-14
WO2006098843A2 (en) 2006-09-21
EP1866862A2 (en) 2007-12-19
EP1866862A4 (en) 2010-03-10
US8082206B2 (en) 2011-12-20
JP4960952B2 (en) 2012-06-27
JP2008533588A (en) 2008-08-21
CA2600278A1 (en) 2006-09-21
US20100293087A1 (en) 2010-11-18
US10776864B2 (en) 2020-09-15
US20120066114A1 (en) 2012-03-15
US7788163B2 (en) 2010-08-31

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