Patent ID: 11861703
Assignee: CHICAGO MERCANTILE EXCHANGE INC.
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 2:
3. The computer implemented method of claim 1, further comprising:
receiving, by the market segment gateway, a second electronic data transaction request message comprising data indicative of a second order of the plurality of orders, the second order specifying the same financial product, a second quantity, and a second value, wherein the second order does not include data indicative of a matching algorithm preference, the second electronic data transaction request message and the first electronic data transaction request message received sequentially;
routing intelligently, by the market segment gateway, the second order to one of a plurality of order books by:
determining, for the second order, a default order book or an order book having a best bid and ask for the financial product based on an evaluation, by the market segment gateway, for each of the plurality of order books for the financial product, of a plurality of market conditions currently existing for each order book;
selecting, based on the evaluation, the first or a second order book from the plurality of order books for the second order; and
routing the second order to the selected first or second order book, the second order book coupled with a second hardware matching processor, the second hardware matching processor following a second matching algorithm, the first and second hardware matching processors following different matching algorithms; and

attempting to match, with the first or second hardware matching processor, the second order with a previously received but unsatisfied order counter to the second order stored in the selected first or second order book.