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:
Dec. 31, 2024
Filed:
Apr. 01, 2024
Cboe Exchange, Inc., Chicago, IL (US);
Paul Rose, Olathe, KS (US);
Cole Michael Chmielewski, Mission, KS (US);
Cboe Exchange, Inc., Chicago, IL (US);
Abstract
An exchange computer system can implement a method to implement a minimum processing time to provide a more balanced and equitable environment for trading. The exchange computer system receives a first message related to an electronic order determines a first time at which the first message is received, and applies a time stamp indicative of the first time. A minimum processing time is determined for processing message(s) related to the electronic order. The exchange computer system determines whether a time elapsed from the first time satisfies the minimum processing time and blocks transmission of the first message until the time elapsed from the first time satisfies the minimum processing time. In some cases, the exchange computer system can also determine whether a second elapsed time from the first time satisfies the minimum processing time, and upon satisfaction, transmits the first message.