Cboe Exchange, Inc.

Jordan Newmark

Scott Paul Pedersen

Edward T Tilly

Robert Hocking

Brent Coonrod

A method for virtual floor trading implemented via an exchange system includes establishing a secure connection with a first market participant and transmitting, to a computing device associated with a first market participant, data causing a graphical user interface (GUI) of the computing device to render a graphical representation of a virtual trading floor associated with the exchange system. The method also includes receiving a first order and transmitting, to a second computing device associated with a second market participant, data causing a GUI of the second computing device to render a second graphical representation of the virtual trading floor comprising a first virtual trader associated with the first market participant. The method includes receiving, from the second computing device, a second order, determining that the second order matches the first order, and executing a transaction based on the first order and the second order.

Virtual trading floor

A method is provided for a virtual floor trading implemented via an exchange computer system. The method includes maintaining a virtual environment that facilitates audio-visual interaction between a plurality of remote market participants; establishing a secure connection with a computing device; receiving, from the computing device, information relating to a financial instrument transaction order; providing the information relating to the financial instrument transaction order to the plurality of remote market participants; receiving a response to the financial instrument transaction order from at least one remote market participant from among the plurality of remote market participants; providing information relating to the response to the plurality of remote market participants; and facilitating a transaction based on the information relating to the financial instrument transaction order, the information relating to the response, and one or more order matching rules.

A method for virtual floor trading implemented via an exchange system includes establishing a secure connection with a first market participant and transmitting, to a first to a computing device associated with a first market participant, data causing a graphical user interface (GUI) of the computing device to render a graphical representation of a virtual trading floor associated with the exchange system. The method also includes receiving a first order and transmitting, to a second computing device associated with a second market participant, data causing a GUI of the second computing device to render a second graphical representation of the virtual trading floor comprising a first virtual trader associated with the first market participant. The method includes receiving, from the second computing device, a second order, determining that the second order matches the first order, and executing a transaction based on the first order and the second order.

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Evanston, IL, United States of America

Jordan Newmark