Representation of order in multiple markets

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United States of America Patent

PATENT NO 7890415
SERIAL NO

11515502

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A trading process represents an order that it is handling at multiple market processes simultaneously. Each of the market processes and the trading process follow a two-phase commit protocol, wherein permission to execute the order is obtained from the process controlling the order, and then the order is executed. Accordingly, multiple executions of an order are prevented. The control process is typically the trading process that originated the order. However, in some market methodologies, the market process may assume control over the order. Permission to execute the order is explicitly given by a trading process. Permission to execute the order may be inferred after a market process determines that no other market processes have control over the order.

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Patent Owner(s)

Patent OwnerAddress
XYLON LLC2215-B RENAISSANCE DRIVE SUITE 5 LAS VEGAS NV 89119

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Keith, Christopher 105 Hudson St., Apt. 5S 47 2197

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