Patent ID: 11875405
Assignee: CHICAGO MERCANTILE EXCHANGE INC.
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 34:
35. The system of claim 34, further comprising:
means for receiving and storing the forwarded subset of the stored incoming orders in a second non-transitory memory in which a plurality of previously received but unsatisfied orders are stored, wherein each of the plurality of previously received but unsatisfied orders is characterized by a time of receipt at which each previously received but unsatisfied order was received;
means for determining an elapse of time;
means for rearranging, based on a magnitude of the elapse of time, the plurality of previously received but unsatisfied orders into at least one non-overlapping subset thereof, each comprising at least one of the plurality of previously received but unsatisfied orders, as a function of the time of receipt thereof;
means for identifying, one or more suitable orders of the previously received but unsatisfied orders to which to allocate the quantity of each of the received subset of the stored incoming orders; and
means for allocating, the quantity of each of the received subset of the stored incoming orders to at least one of the identified suitable previously received but unsatisfied orders according to a first allocation algorithm and subsequently thereto, allocating the quantity allocated to each subset of records for further allocation among the identified suitable previously received but unsatisfied orders stored therein according to a second allocation algorithm.