View source for 20240013300. Trading Circles simplified abstract (Trading Technologies International, Inc.)

=Trading Circles=


==Organization Name==

[[:Category:Trading Technologies International, Inc.|Trading Technologies International, Inc.]]


[[Category:Trading Technologies International, Inc.]]

==Inventor(s)==

[[:Category:Richard Lane of Stamford CT (US)|Richard Lane of Stamford CT (US)]][[Category:Richard Lane of Stamford CT (US)]]

[[:Category:Thomas Jeffrey Weiss of Skokie IL (US)|Thomas Jeffrey Weiss of Skokie IL (US)]][[Category:Thomas Jeffrey Weiss of Skokie IL (US)]]

[[:Category:Thurston Woo of Chicago IL (US)|Thurston Woo of Chicago IL (US)]][[Category:Thurston Woo of Chicago IL (US)]]

[[:Category:Jason Shaffer of Chicago IL (US)|Jason Shaffer of Chicago IL (US)]][[Category:Jason Shaffer of Chicago IL (US)]]

[[:Category:Brian J. Buck of Livermore CA (US)|Brian J. Buck of Livermore CA (US)]][[Category:Brian J. Buck of Livermore CA (US)]]

[[:Category:Michael Unetich of Chicago IL (US)|Michael Unetich of Chicago IL (US)]][[Category:Michael Unetich of Chicago IL (US)]]

[[:Category:Sagy Pundak Mintz of Tampa FL (US)|Sagy Pundak Mintz of Tampa FL (US)]][[Category: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.



[[Category:G06Q40/04]]
[[Category:G06Q40/06]]