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:
Apr. 21, 2026
Filed:
Jul. 06, 2023
Cboe Exchange, Inc., Chicago, IL (US);
James Arrante, Chicago, IL (US);
Rylan Uherek, Franklin Park, NJ (US);
Cboe Exchange, Inc., Chicago, IL (US);
Abstract
An exchange computer system for multicast communication on an exchange network, the computer system comprising: at least one communication interface configured to bridge communication between liquidity providers and at least one liquidity consumer; and a trading engine configured to perform operations of: receiving liquidity offers from liquidity providers having a range of transaction sizes; establishing a series of liquidity pools for the liquidity offers, each liquidity pool corresponding to a transaction size; filtering the liquidity offers in each liquidity pool such that a top-of-the-book offer from each liquidity pool is streamed to the at least one liquidity consumer using the multicast communication; in response to matching a transaction request with a liquidity offer, executing a transaction; and in response to executing the transaction, updating the liquidity pool accordingly so that data from the updated liquidity pool is streamed to the at least one liquidity consumers using the multicast communication.