The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Sep. 14, 2021
Filed:
Sep. 18, 2020
Trading Technologies International Inc., Chicago, IL (US);
Gary Allan Kemp, II, Fairfax, CA (US);
Jens-Uwe Schluetter, Ridgefield, CT (US);
David W. Garrison, Arlington Heights, IL (US);
Trading Technologies International, Inc., Chicago, IL (US);
Abstract
A system and method for internal matching of electronic trading orders is provided. Orders for electronic trading are reviewed for potential matches in an internal order book of an internal matching system. If no potential matches are available, the order is listed on both the internal order book for the internal matching system and on the book of orders for the electronic exchange. If a potential match is available, the order is tentatively matched with a resting order on the internal order book. A message is sent to the electronic exchange to cancel the resting order on the book of exchange order book. If the deletion is successful, the order and the resting order are matched. If the deletion is unsuccessful, the internal order book on the internal matching system is checked again for a potential match.