20240029162. REDUCTION OF COMPUTATIONAL RESOURCES OF AN ELECTRONIC TRADING SYSTEM REQUIRED FOR MANAGEMENT OF ELECTRONIC TRADEABLE INSTRUMENTS IMPLEMENTED AS INSTANTIATED DATA OBJECTS simplified abstract (Chicago Mercantile Exchange Inc.)

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REDUCTION OF COMPUTATIONAL RESOURCES OF AN ELECTRONIC TRADING SYSTEM REQUIRED FOR MANAGEMENT OF ELECTRONIC TRADEABLE INSTRUMENTS IMPLEMENTED AS INSTANTIATED DATA OBJECTS

Organization Name

Chicago Mercantile Exchange Inc.

Inventor(s)

Paul Sacristan of New York NY (US)

Dileep C. Konduru of Schaumburg IL (US)

Marla Frank of Chicago IL (US)

Paul Sons of Chicago IL (US)

Eric Schuldt of Chicago IL (US)

REDUCTION OF COMPUTATIONAL RESOURCES OF AN ELECTRONIC TRADING SYSTEM REQUIRED FOR MANAGEMENT OF ELECTRONIC TRADEABLE INSTRUMENTS IMPLEMENTED AS INSTANTIATED DATA OBJECTS - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240029162 titled 'REDUCTION OF COMPUTATIONAL RESOURCES OF AN ELECTRONIC TRADING SYSTEM REQUIRED FOR MANAGEMENT OF ELECTRONIC TRADEABLE INSTRUMENTS IMPLEMENTED AS INSTANTIATED DATA OBJECTS

Simplified Explanation

The disclosed embodiments of this patent application relate to reducing the computational resources required for managing electronic tradeable instruments in an electronic trading system. This is achieved by instantiating data objects in a memory that include both inherited data and data linked to a master data object stored in an external data structure or database. The combination of inherited and referenced attributes uniquely defines each instance, allowing the electronic trading system to efficiently manage and process transactions for a large number of tradeable instrument variations.

  • The patent application proposes a method for managing electronic tradeable instruments in an electronic trading system.
  • Data objects are instantiated in a memory, containing both inherited and linked data.
  • The combination of inherited and referenced attributes uniquely defines each instance.
  • This approach enables the electronic trading system to efficiently manage and process transactions for a large number of tradeable instrument variations.
  • The system can handle various currency patterns, pricing sources, and fixing times.
  • The disclosed embodiments also enable the listing and scheduling of a large number of financial instruments for trading.

Potential applications of this technology:

  • Financial institutions and trading platforms can use this technology to efficiently manage and process transactions for a wide range of tradeable instruments.
  • The system can handle various currency patterns, pricing sources, and fixing times, making it suitable for global trading.
  • This technology can be applied in electronic trading systems for stocks, bonds, commodities, and other financial instruments.

Problems solved by this technology:

  • Reduces the computational resources required for managing a large number of tradeable instrument variations.
  • Enables efficient listing and scheduling of financial instruments for trading.
  • Simplifies the management and processing of transactions in an electronic trading system.

Benefits of this technology:

  • Improved efficiency in managing and processing transactions for a large number of tradeable instrument variations.
  • Enables the listing and scheduling of a large number of financial instruments for trading.
  • Reduces the computational resources required, leading to cost savings and improved system performance.


Original Abstract Submitted

the disclosed embodiments relate to reduction of computational resources of an electronic trading system required for management of electronic tradeable instruments via instantiation of data objects in a memory including both data inherited from and data linked to a master data object stored in an external data structure or database. the combination of both inherited and referenced attributes may uniquely define each instance to enable the electronic trading system to manage and process transactions for a large number of tradeable instrument variations with minimal computational resources. thereby, the disclosed embodiments enable the listing en mass and scheduling of a large number of financial instruments for trading to cover, for example, various currency patterns, pricing sources and fixing times.

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