20240037658. ALGORITHMIC ORDER AUTONOMY simplified abstract (Modulus Global, Inc.)

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ALGORITHMIC ORDER AUTONOMY

Organization Name

Modulus Global, Inc.

Inventor(s)

John Jozwiak of Cave Creek AZ (US)

Richard Gardner of Scottsdale AZ (US)

ALGORITHMIC ORDER AUTONOMY - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240037658 titled 'ALGORITHMIC ORDER AUTONOMY

Simplified Explanation

The abstract of this patent application describes methods, systems, and computer programs for executing an autonomous trade order at a digital exchange. The process involves receiving uncompiled computer code at the exchange engine, which defines the autonomous trade order. The code is then compiled and executed by the exchange engine. The execution includes instantiating an instance of the autonomous trade order and filling it based on the satisfaction of specified conditions in the trading instructions included in the order. The satisfaction is determined by detecting events referenced in the instructions that have occurred at the digital exchange or identifying values of variables referenced in the instructions that have transgressed specified thresholds.

  • The patent application describes a system for executing autonomous trade orders at a digital exchange.
  • Uncompiled computer code is received at the exchange engine, defining the autonomous trade order.
  • The code is compiled and executed by the exchange engine.
  • The execution involves instantiating the trade order and filling it based on specified conditions in the trading instructions.
  • The satisfaction of conditions is determined by detecting events or identifying values of variables referenced in the instructions.
  • The technology allows for automated trading based on pre-programmed instructions.

Potential applications of this technology:

  • Automated trading systems at digital exchanges.
  • Algorithmic trading strategies.
  • High-frequency trading.
  • Risk management in trading.

Problems solved by this technology:

  • Manual execution of trade orders is time-consuming and prone to errors.
  • The technology allows for faster and more accurate execution of trade orders.
  • It eliminates the need for constant monitoring and manual intervention in trading.

Benefits of this technology:

  • Increased efficiency in trade order execution.
  • Reduced human error in trading.
  • Ability to execute trades based on real-time events and market conditions.
  • Improved risk management and compliance with trading instructions.


Original Abstract Submitted

methods, systems, and computer programs are described for executing an autonomous trade order at a digital exchange. uncompiled computer code is received at an exchange engine at the digital exchange. the uncompiled computer code defines the autonomous trade order. the uncompiled computer code is compiled and executed by the exchange engine. the executing includes instantiating an instance of the autonomous trade order and filling the autonomous trade order based on a determination that one or more conditions specified in one or more trading instructions included in the autonomous order have been satisfied. the determination is based on a detection that one or more events referenced from the pre-programmed trading instructions have occurred at the electronic digital exchange or an identification that one or more values of one or more variables referenced from the trading instructions have transgressed one or more values of one or more thresholds.

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