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:
May. 14, 2024
Filed:
Oct. 15, 2021
Iex Group, Inc, New York, NY (US);
Robert Park, New York, NY (US);
Lucas Tanner Kowalczyk, Brooklyn, NY (US);
Lieting (Larry) Yu, Warren, NJ (US);
IEX Group, Inc., New York, NY (US);
Abstract
Communication techniques are disclosed for a distributed computing system. The technique may be applied to an inline clearing and settlement messaging protocol whereby a matching engine may issue a transaction request (or settlement request) upon matching a proposed trade, identifying the parties and assets for the trade. A message gateway may validate and transmit the transaction request to a sequencer which sequences the transaction request into a time-accurate event stream so that transaction requests are distributed to relevant parties in chronological order. Each party may respond to the transaction request by simply checking its account to confirm availability of the relevant asset for the proposed trade and issuing a clearance response. The clearance responses form the basis for a transaction response that the message gateway sends to the matching engine to indicate success or failure of the inline clearing and settlement.