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:
Jan. 31, 2023
Filed:
Oct. 07, 2019
Iex Group, Inc., New York, NY (US);
Bradley Katsuyama, Darien, CT (US);
John Schwall, Staten Island, NY (US);
Robert Park, New York, NY (US);
Ronan Ryan, Morristown, NJ (US);
Benjamin Aisen, New York, NY (US);
Daniel Aisen, New York, NY (US);
Donald Bollerman, Yonkers, NY (US);
Francis Chung, New York, NY (US);
Stanley Feldman, New York, NY (US);
Tara McKee, New York, NY (US);
Bilie Zhao, East Hanover, NJ (US);
James Michael Cape, San Francisco, CA (US);
David Lauer, Collingswood, NJ (US);
Allen Zhang, Princeton, NJ (US);
Blair Livingston, Toronto, CA;
IEX Group, Inc., New York, NY (US);
Abstract
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.