Royal Bank of Canada

Iex Group, Inc.

Lex Group, Inc.

Bradley Toshio Katsuyama

Daniel Aisen

Robert Park

Allen Zhang

Thomas L Popejoy

John Schwall

Richard Steiner

Walter Michael Pitio

Philip Iannaccone

Francis Chung

Donald Bollerman

John Herbert Schwall

Ronan Gerard Ryan

Blair Livingston

James Michael Cape

Benjamin B Aisen

Matthew Norbert Trudeau

Stanley Feldman

Tara McKee

David Lauer

Constantine Sokoloff

Adrian Facini

Bilie Zhao

Benjamin Aaron Small

Zoran Perkov

Lucas Tanner Kowalczyk

Xiaoran Zheng

Billie Zhao

Gregory Martin Ludvik

Boris Ilyevsky

Eric Wayne Stockland

Thomas Matthew Clark

Benjamin Jerome Pierre Connault

Adrian Branko Facini

Systems, methods, and computer-readable media for coordinating processing of data by multiple networked computing resources include monitoring data associated with a plurality of networked computing resources, and coordinating the routing of data processing segments to the networked computing resources.

Coordinated processing of data by networked computing resources

Embodiments of the present invention provide a novel system and method for TCP-to-multicast (T2M) communications. The T2M techniques may allow a client to make a single TCP connection that then fans out into communications with multiple back-end resources. Such one-to-many communications may be invisible to the client but can achieve many practical benefits.

System and method for TCP-to-multicast (T2M) communications and related network architecture

Systems, methods, and machine-interpretable programming or other instruction products for the management of data transmission by multiple networked computing resources. In particular, the disclosure relates to the synchronization of related requests for transmitting data using distributed network resources.

Synchronized processing of data by networked computing resources

Systems, methods, and machine-interpretable programming or other instruction products for the management of data processing by multiple networked computing resources. In particular, the disclosure relates to the synchronization of related requests for processing of data using distributed network resources.

In order to protect a trading party from predatory trading strategies employed by some market participants, especially during certain periods when quotes for a particular security are experiencing rapid changes or transitions, embodiments of the present invention facilitate and support various new type of trading orders whose booking and execution behaviors are dynamically varied in response to environmental market conditions and/or predefined rules. For example, the orders may be allowed to trade at more aggressive price levels if the market is relatively stable, and the orders can only trade at less aggressive price levels or be automatically suspended or even cancelled when the market is unstable.

Dynamic peg orders in an electronic trading system

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.

Transmission latency leveling apparatuses, methods and systems

In order to protect a trading party from predatory trading strategies employed by some market participants, especially during certain periods when quotes for a particular security are experiencing rapid changes or transitions, embodiments of the present invention facilitate and support a new type of trading orders whose booking and execution behaviors are dynamically varied in response to environmental market conditions. Pursuant to predefined rules for the new type of trading orders, the orders may be allowed to trade at more aggressive price levels if the market is relatively stable, and the orders can only trade at less aggressive price levels when the market is unstable.

A number of techniques for improving electronic trading are disclosed. According to some embodiments, an electronic trading system may selectively disclose to, or withhold from, trade participants order book data depending on whether each participant's trade order meets a predetermined threshold price and/or threshold size or other criteria.

System and method for a semi-lit market

A specialized memory structure is provided for storing parts of orders received at an electronic trading system. A received order is divided into a displayed portion and a non-displayed portion, and each portion is allocated to a respective part of the memory structure. The memory structure is configured such that while matching the order with a contra order, priority is given to the displayed portion over the non-displayed portion. If such a match occurs, the displayed portion may be replenished. The matching in the non-displayed portion generally occurs according to rules of applying discretion. The matching in the displayed portion may occur at the displayed price or according to the rules of discretion.

Systems and methods for processing full or partially displayed dynamic peg orders in an electronic trading system

Growing community of inventors

Darien, CT, United States of America

Bradley Toshio Katsuyama