Chicago Mercantile Exchange Inc.

Ashraf Ansari

Pearce Peck-Walden

James Allen Bailey

Stanislav Liberman

John Paul Scheerer

Neil Andrew Lustyk

Brian Wolf

Matthew J Kelly

Haifeng Zheng

Troy C Kane

Scott D Banke

The disclosed embodiments relate to mechanisms to rapidly detect and respond to situations where a market is not operating in a fair and balanced manner or otherwise where the market value is not reflective of a true consensus of the value of the traded products among the market participants. In particular, the disclosed embodiments continually scan for, rapidly detect and respond to extreme changes, either up ('spike') or down ('dip') in the market, such as a &#x201c;flash crash,&#x201d; where a precipitous market move occurs. Generally, the disclosed embodiments determine when a market for a particular product moves too quickly in too short of period of time, e.g. the velocity of the market exceeds a defined threshold limit.

Detection and mitigation of effects of high velocity price changes

Growing community of inventors

Park Ridge, IL, United States of America

Ashraf Ansari