Patent ID: 11869085
Assignee: CHICAGO MERCANTILE EXCHANGE INC.
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 2:
3. An electronic trading architecture comprising:
a processor programmed to implement a financial data message transmitter coupled with a hardware device through which electronic messages are communicated to a communications network, wherein the programming of the processor causes the processor to:
receive, at a first time from a response message generator external to and remote from the processor, an electronic response message for communication via the communications network to a particular market participant of a plurality of market participants, indicative of a response by an electronic marketplace to a request for a financial transaction previously received from the particular market participant;
receive, at a second time from a financial data message generator remote from the processor, a corresponding electronic financial data message for communication via the communications network to all of the plurality of market participants and comprising data representative of a change in state of the electronic marketplace based on the response by the electronic marketplace to the received request for the financial transaction, the electronic financial data message not identifying the particular market participant;
store, in a memory, and not transmit the received electronic response message when the received electronic response message is received prior to receipt of the electronic financial data message; and
transmit, upon receipt, the received electronic financial data message to all of the plurality of market participants via the communications network and store, in the memory, data indicative thereof when the received electronic financial data message is received prior to receipt of the electronic response message, wherein upon subsequent or contemporaneous receipt of the received electronic response message, the received electronic response message is transmitted to the particular market participant based on the stored data indicative of the received electronic financial message; and further

wherein the received electronic response message is prevented from being transmitted to the particular market participant prior to transmission of the received electronic financial message to all of the plurality of market participants.