Microsoft technology licensing, llc (20240127336). RESPONSE-TIME-BASED ORDERING OF FINANCIAL MARKET TRADES simplified abstract
Contents
- 1 RESPONSE-TIME-BASED ORDERING OF FINANCIAL MARKET TRADES
- 1.1 Organization Name
- 1.2 Inventor(s)
- 1.3 RESPONSE-TIME-BASED ORDERING OF FINANCIAL MARKET TRADES - A simplified explanation of the abstract
- 1.4 Simplified Explanation
- 1.5 Potential Applications
- 1.6 Problems Solved
- 1.7 Benefits
- 1.8 Potential Commercial Applications
- 1.9 Possible Prior Art
- 1.10 How does the system handle trade prioritization in case of conflicting time stamps?
- 1.11 What measures are in place to ensure data security and privacy of the financial market data points?
- 1.12 Original Abstract Submitted
RESPONSE-TIME-BASED ORDERING OF FINANCIAL MARKET TRADES
Organization Name
microsoft technology licensing, llc
Inventor(s)
Prateesh Goyal of Seattle WA (US)
Ranveer Chandra of Kirkland WA (US)
Mark Eugene Russinovich of Bellevue WA (US)
RESPONSE-TIME-BASED ORDERING OF FINANCIAL MARKET TRADES - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240127336 titled 'RESPONSE-TIME-BASED ORDERING OF FINANCIAL MARKET TRADES
Simplified Explanation
The patent application describes a system for ordering financial market trades received from different market participant computers via a cloud computing network. Trades are generated based on financial market data points and tagged with a delivery clock time stamp to track time in relation to market events. The trades are then ordered based on these time stamps and sent to a central exchange server for processing.
- Explanation of the patent:
- System for ordering financial market trades received from various market participant computers via a cloud computing network. - Trades are generated based on financial market data points and tagged with a delivery clock time stamp. - Trades are ordered based on these time stamps and sent to a central exchange server for processing.
Potential Applications
This technology could be applied in: - High-frequency trading systems - Algorithmic trading platforms
Problems Solved
- Efficiently ordering and processing financial market trades from multiple sources - Ensuring accurate time tracking and sequencing of trades
Benefits
- Improved trade execution speed and accuracy - Enhanced market liquidity and efficiency
Potential Commercial Applications
Optimizing financial market trading systems for: - Investment banks - Hedge funds
Possible Prior Art
One possible prior art could be the use of algorithmic trading systems to automate trade execution based on predefined criteria.
Unanswered Questions
How does the system handle trade prioritization in case of conflicting time stamps?
The patent application does not provide details on how the system resolves conflicts in time stamps when ordering trades.
What measures are in place to ensure data security and privacy of the financial market data points?
The patent application does not address the specific security measures implemented to protect the sensitive financial market data used in generating trades.
Original Abstract Submitted
examples are disclosed that relate to fairly ordering financial market trades received from different market participant computers via a cloud computing network. in one example, a plurality of trades generated by a plurality of market participant computers are received. the trades are generated based at least on a financial market data point received by the plurality of market participant computers. each trade is tagged with a delivery clock time stamp that tracks time in relation to financial market events that occur at a corresponding market participant computer. the trades are ordered based on the delivery clock time stamps and sent to a central exchange server computer. the central exchange server computer processes the trades.
