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. 14, 2025
Filed:
Apr. 16, 2024
Applicant:
Cboe Exchange, Inc., Chicago, IL (US);
Inventors:
Christopher Andrew Isaacson, Olathe, KS (US);
Eric Crampton, Overland Park, KS (US);
Assignee:
Cboe Exchange, Inc., Chicago, IL (US);
Attorney:
Primary Examiner:
Int. Cl.
CPC ...
G06Q 40/04 (2012.01); G06F 9/46 (2006.01); G06F 9/54 (2006.01);
U.S. Cl.
CPC ...
G06Q 40/04 (2013.01); G06F 9/466 (2013.01); G06F 9/546 (2013.01);
Abstract
A system and method for managing latency of messages in an exchange system to address technical advantages in certain market participant hardware are disclosed. In one implementation, the system may include an exchange system, and a set of instructions, to cause a processor of the exchange system identify an order type susceptible to technical advantages certain market participants may possess and to apply a re-ordering of, and/or a fixed or random latency to, all orders of the identified order type during a predetermined time of a trading day.