20240013300. Trading Circles simplified abstract (Trading Technologies International, Inc.)
Contents
Trading Circles
Organization Name
Trading Technologies International, Inc.
Inventor(s)
Richard Lane of Stamford CT (US)
Thomas Jeffrey Weiss of Skokie IL (US)
Thurston Woo of Chicago IL (US)
Jason Shaffer of Chicago IL (US)
Brian J. Buck of Livermore CA (US)
Michael Unetich of Chicago IL (US)
Sagy Pundak Mintz of Tampa FL (US)
Trading Circles - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240013300 titled 'Trading Circles
Simplified Explanation
The disclosed embodiments provide trading circles, which are groups of individuals who interact with an exchange that facilitates market transactions.
- A group is defined with multiple members, some of whom interact with the exchange.
- The method detects the first interaction of a group member with the exchange.
- In response to detecting the first interaction, data related to the interaction is communicated to a second group member before the first member receives confirmation from the exchange.
Potential Applications:
- Trading circles can be used in financial markets to facilitate faster and more efficient trading among group members.
- This technology can be applied in stock trading, cryptocurrency trading, or any other market where quick communication and coordination between traders is beneficial.
Problems Solved:
- Trading circles address the problem of delayed communication and confirmation in market transactions.
- By providing real-time data related to an interaction to another group member, trading circles help reduce the time lag between actions and responses in trading.
Benefits:
- Trading circles enable faster decision-making and execution of trades.
- They enhance coordination and collaboration among group members, leading to improved trading strategies and outcomes.
- By providing early access to data related to interactions, trading circles can give members a competitive advantage in the market.
Original Abstract Submitted
the disclosed embodiments provide trading circles. an example method includes defining a group having a plurality of members, wherein one or more of the plurality of members interacts with an exchange that facilitates market transactions; detecting a first interaction of a first group member with the exchange; and communicating, in response to detecting the first interaction, data related to the first interaction to a second group member before the first group member receives confirmation of the first interaction from the exchange.
