Royal Bank of Canada

Iex Group, Inc.

Lex Group, Inc.

Daniel Aisen

Robert Park

Bradley Toshio Katsuyama

Allen Zhang

Thomas L Popejoy

Richard Steiner

John Schwall

Francis Chung

Walter Michael Pitio

Philip Iannaccone

James Michael Cape

Donald Bollerman

Constantine Sokoloff

Blair Livingston

Benjamin B Aisen

Ronan Gerard Ryan

John Herbert Schwall

Stanley Feldman

Tara McKee

David Lauer

Matthew Norbert Trudeau

Adrian Facini

Bilie Zhao

Prerak Pukhraj Sanghvi

Beau Tateyama

Benjamin Aaron Small

Allison Breton Bishop

Zoran Perkov

Gregory Martin Ludvik

Thomas Matthew Clark

Xiaoran Zheng

Billie Zhao

Adrian Branko Facini

James Cape

Ronan Ryan

Benjamin Aisen

Bradley Katsuyama

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.

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.

Dynamic peg orders in an electronic trading system

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

Embodiments of the present invention may provide an improved distributed computing system. Entities in the distributed computing system may be divided into four categories: writers, readers, gateways, and applications. End users may interact with the system via the applications through the gateways. The role of writers and readers may be separated to distribute computational burdens. Writers may generate messages for an event stream. The messages may include a timestamp for consistent global ordering. The readers may arrange messages from various writers based on the timestamps to generate globally time-consistent event streams.

System and method for creating time-accurate event streams

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

New York, NY, United States of America

Daniel Aisen