Chicago Mercantile Exchange Inc.

Barry Galster

Paul J Callaway

Zachary Bonig

Ari L Studnitzer

Frank Kmiec

Ryan Eavy

Pearce Peck-Walden

José Antonio Acuña-Rohter

James Allen Bailey

Eric Thill

Jake Siddall

Neil Steuber

Paul Andrew Bauerschmidt

Enrico Ferrari

Zuber Shethwala

Troy Reece

James W Farrell

Robert C Hagemann, Iii

Jacques Doornebos

Matthew Coffey

Andrew Milne

Brian Wolf

Jose Antonio Acuna-Rohter

Giuseppe Scimeca

John Curran

Erik Helleren

James Wilcox

Robert C Hageman, Iii

The disclosed embodiments relate to implementation of a trading system, which may also be referred to as a trading system architecture, having improved performance which further assures transactional determinism under increasing processing transaction loads while providing improved trading opportunities, fault tolerance, low latency processing, high volume capacity, risk mitigation and market protections with minimal impact, as well as improved and equitable access to information and opportunities.

Transactionally deterministic high speed financial exchange having improved, efficiency, communication, customization, performance, access, trading opportunities, credit controls, and fault tolerance

The disclosed embodiments relate to implementation of a trading system or trading system architecture having multiple transaction processors that execute financial transactions as well as scheduled tasks. The multiple transaction processors perform all actions independently of each other, but can be configured to execute the financial transactions or scheduled tasks in a controlled, coordinated, and/or synchronized manner based on time signal data augmented to the financial transactions or scheduled tasks by a transaction receiver/orderer.

Systems and methods for coordinating processing of scheduled instructions across multiple components

The disclosed embodiments relate to creation and dissemination of unique identifiers, i.e. tokens, for use in communication of messages from a transaction processing system, to participants therein whereby messages, or at least a portion of the content thereof, indicative of a response to a request, to transact or modify a prior transaction, are consolidated, or otherwise combined, with the corresponding directed reporting messages communicated to the particular participants participating in the reported transaction while preserving the anonymity of those participants to which messages are particularly directed. The identifiers are structured so as to facilitate rapid validation and dissemination while eliminating the ability to associate any given identifier, or set thereof, with a participant.

Tokens, and the use thereof, for public distribution of messages having a private association with a subset of the message recipients

The disclosed embodiments relate to implementation of a trading system or trading system architecture having multiple transaction processors that process or execute instructions. The instructions are sent to the transaction processors before they are to be executed, so that when an instruction identifier corresponding to a pre-sent or pre-loaded instruction is sent to a transaction processor, the transaction processor can retrieve and execute the corresponding instruction without unnecessary delay, thus reducing transaction processing latency and improving computing efficiency.

Systems and methods for coordinating processing of instructions across multiple components

An electronic trading system utilizes a Match Engine that receives orders, stores them internally, calculates tradable combinations and advertises the availability of real and implied orders in the form of market data. New tradable items defined as combinations of other tradable items may be included in the calculation of tradable combinations. A technique is disclosed for suppression of the calculation and/or subsequent listing of an implied order when the order is either undesired or unnecessary in the market therefore.

Selective suppression of implied contract generation

Growing community of inventors

Chicago, IL, United States of America

Barry Galster