Chicago Mercantile Exchange Inc.

Jake Siddall

Zachary Bonig

Pearce Peck-Walden

José Antonio Acuña-Rohter

Barry Galster

James Allen Bailey

Eric Thill

Neil Steuber

Ari L Studnitzer

Paul J Callaway

Paul Andrew Bauerschmidt

John Curran

Dave Salvadori

Ken Silhavy

Martin Stroup

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 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

Systems and methods for determining implied spreads are provided. More particularly, implied spread financial transactions are generated using information from requests for quotes (RFQs). An RFQ processor module may focus the calculations performed by an implied spread determination module. A financial instrument associated with an RFQ may be provided to the implied spread determination module to trigger the determination of whether implied orders exist related to that particular financial instrument.

Generating implied orders based on electronic requests for quotes

Growing community of inventors

Chicago, IL, United States of America

Jake Siddall