20240037660. Method and Apparatus for Managing Orders in Financial Markets simplified abstract (Exegy Incorporated)
Contents
Method and Apparatus for Managing Orders in Financial Markets
Organization Name
Inventor(s)
David Taylor of St. Louis MO (US)
Scott Parsons of St. Charles MO (US)
Method and Apparatus for Managing Orders in Financial Markets - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240037660 titled 'Method and Apparatus for Managing Orders in Financial Markets
Simplified Explanation
The abstract of the patent application describes an integrated order management engine and trading platform that aim to reduce the latency associated with managing multiple orders to buy or sell financial instruments. It also highlights the low latency communications provided by the trading platform between various platform components, including a trading strategy offload engine.
- The integrated order management engine aims to minimize the time delay in handling multiple buy or sell orders for financial instruments.
- The trading platform facilitates fast and efficient communication between different components of the platform.
- The trading strategy offload engine is a part of the integrated trading platform and helps in executing trading strategies efficiently.
Potential Applications:
- Financial institutions and trading firms can utilize this technology to improve the speed and efficiency of their order management processes.
- High-frequency trading firms can benefit from the reduced latency in executing multiple orders.
- Algorithmic trading platforms can leverage the low latency communications to enhance the performance of their trading strategies.
Problems Solved:
- Reduces the latency associated with managing multiple buy or sell orders for financial instruments.
- Addresses the need for fast and efficient communication between different components of a trading platform.
- Helps in executing trading strategies more efficiently.
Benefits:
- Improved speed and efficiency in order management processes.
- Enhanced performance of trading strategies.
- Enables high-frequency trading firms to execute multiple orders with reduced latency.
- Facilitates faster and more reliable communication between platform components.
Original Abstract Submitted
an integrated order management engine is disclosed that reduces the latency associated with managing multiple orders to buy or sell a plurality of financial instruments. also disclosed is an integrated trading platform that provides low latency communications between various platform components. such an integrated trading platform may include a trading strategy offload engine.
