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

Claim 0:
1. A system comprising:
an incoming order processor operative to receive, prior to a match engine processor of an electronic trading system, an incoming order of a plurality of incoming orders for a transaction of a quantity of a financial instrument at an order price and store the received incoming order in an incoming order buffer memory coupled with the incoming order receiver, wherein the match engine processor is characterized by a processing resource capacity and is operative to attempt to match the incoming order with a plurality of previously received but unsatisfied order, 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 by the incoming order processor;
an interval order processor coupled with the incoming order processor and the match engine processor, the interval order processor operative to determine an occurrence of an event, wherein the event comprises a feedback signal indicative of available processing resource capacity of the match engine, wherein the feedback signal indicative of available processing resource capacity of the match engine regulates the electronic trading system to process the plurality of incoming orders according to available processing resource capacity of the match engine by regulating the incoming flow of the plurality of incoming orders relative to available processing resource capacity of the match engine; and
an order forwarder processor coupled with the interval order processor and the match engine processor, the order forwarder processor operative to, upon the occurrence of the event, forward at least a subset of the stored received incoming orders to the match engine processor.