View source for 20240013297. DYNAMIC CIRCUIT BREAKER simplified abstract (Chicago Mercantile Exchange Inc.)

=DYNAMIC CIRCUIT BREAKER=


==Organization Name==

[[:Category:Chicago Mercantile Exchange Inc.|Chicago Mercantile Exchange Inc.]]


[[Category:Chicago Mercantile Exchange Inc.]]

==Inventor(s)==

[[:Category:Paul Alan Millhuff of Tinley Park IL (US)|Paul Alan Millhuff of Tinley Park IL (US)]][[Category:Paul Alan Millhuff of Tinley Park IL (US)]]

[[:Category:John Paul Scheerer of Frankfort IL (US)|John Paul Scheerer of Frankfort IL (US)]][[Category:John Paul Scheerer of Frankfort IL (US)]]

[[:Category:Neil Andrew Lustyk of Chicago IL (US)|Neil Andrew Lustyk of Chicago IL (US)]][[Category:Neil Andrew Lustyk of Chicago IL (US)]]

[[:Category:Supreet Dhillon of Northbrook IL (US)|Supreet Dhillon of Northbrook IL (US)]][[Category:Supreet Dhillon of Northbrook IL (US)]]

[[:Category:James Allen Bailey of Western Springs IL (US)|James Allen Bailey of Western Springs IL (US)]][[Category:James Allen Bailey of Western Springs IL (US)]]

[[:Category:Julie Holzrichter of Chicago IL (US)|Julie Holzrichter of Chicago IL (US)]][[Category:Julie Holzrichter of Chicago IL (US)]]

==DYNAMIC CIRCUIT BREAKER - A simplified explanation of the abstract==


This abstract first appeared for US patent application 20240013297 titled 'DYNAMIC CIRCUIT BREAKER

==Simplified Explanation==

The abstract describes a computer-implemented method for controlling operational states of a hardware matching processor in an electronic data transaction processing system. The method involves monitoring incoming electronic data transaction request messages, defining a range of values based on the values included in the request messages received during a rolling lookback window, detecting if a request message contains a value outside the defined range, transitioning the system into a pre-open state to prevent the hardware matching processor from matching incoming request messages, calculating a pre-open value at the end of the pre-open state, and re-opening the system at the calculated pre-open value to allow the hardware matching processor to match incoming request messages.

* The method involves monitoring incoming electronic data transaction request messages.
* A range of values is dynamically defined based on the values included in the request messages received during a rolling lookback window.
* The system detects if a request message contains a value outside the defined range.
* If a value is outside the range, the system transitions into a pre-open state for a predetermined period, preventing the hardware matching processor from matching incoming request messages.
* At the end of the pre-open state, a pre-open value is calculated.
* The system re-opens and allows the hardware matching processor to match incoming request messages at the calculated pre-open value.

Potential applications of this technology:

* Financial trading platforms: This technology can be applied to control the operational states of hardware matching processors in high-frequency trading systems, ensuring that only valid and within-range transaction requests are processed.
* Network security systems: The method can be used to monitor and control the operational states of hardware matching processors in network security systems, preventing malicious or unauthorized data transactions.
* E-commerce platforms: This technology can be utilized to manage the operational states of hardware matching processors in e-commerce platforms, ensuring that only valid and within-range transaction requests are processed.

Problems solved by this technology:

* Preventing processing of invalid data: By dynamically defining a range of values and detecting if a request message contains a value outside the range, this technology helps prevent the processing of invalid or unauthorized data transactions.
* Ensuring system stability: The method transitions the system into a pre-open state when an out-of-range value is detected, allowing time for analysis and calculation of a pre-open value. This helps maintain system stability and prevents potential errors or disruptions caused by processing invalid data.

Benefits of this technology:

* Improved security: By monitoring and controlling the operational states of hardware matching processors, this technology enhances the security of electronic data transaction processing systems, preventing unauthorized or malicious transactions.
* Enhanced system stability: The method allows for the calculation of a pre-open value, ensuring a smooth transition back to normal operation after detecting out-of-range values. This helps maintain system stability and reduces the risk of errors or disruptions.
* Efficient processing: By preventing the matching of incoming request messages containing out-of-range values, this technology optimizes the processing efficiency of hardware matching processors, ensuring that only valid and within-range transactions are processed.


==Original Abstract Submitted==

a computer implemented method for controlling operational states of a hardware matching processor includes monitoring, by a circuit breaker, incoming electronic data transaction request messages to the hardware matching processor; dynamically defining a range of values as a function of values included with electronic data transaction request messages received during a rolling lookback window; detecting that an incoming electronic data transaction request message contains a value outside the range of values; transitioning the electronic data transaction processing system into a pre-open state for a predetermined period, thereby preventing the hardware matching processor from matching incoming electronic data transaction request messages; calculating a pre-open value at an end of the pre-open state; and re-opening the electronic data transaction processing system at the calculated pre-open value, thereby allowing the hardware matching processor to match incoming electronic data transaction request messages.



[[Category:G06Q40/04]]