Patent AU-2013205452-B2 (AU)
Title: Methods and systems to prevent adverse exchange limit effects
Inventor: WEISS THOMAS JEFFREY
IPC: G06Q40/00
Filed: 2013-04-08
Granted: 2015-11-12
Abstract: (12) INTERNATIONAL APPLICATION PUBLISHED UNDER THE PATENT COOPERATION TREATY (PCT) (19) World Intellectual Property Organization International Bureau (10) International Publication Number (43) International Publication Date W O 2014/098954 Al 26 June 2014 (26.06.2014) W I PO I P CT (51) International Patent Classification: (81) Designated States (unless otherwise indicated, for every G06Q 40/04 (2012.01) G06Q 40/06 (2012.01) kind of national protection available): AE, AG, AL, AM, AO, AT, AU, AZ, BA, BB, BG, BH, BN, BR, BW, BY, (21) International Application Number: BZ, CA, CH, CL, CN, CO, CR, CU, CZ, DE, DK, DM, PCT/US2013/035648 DO, DZ, EC, EE, EG, ES, Fl, GB, GD, GE, GH, GM, GT, (22) International Filing Date: HN, HR, HU, ID, IL, IN, IS, JP, KE, KG, KM, KN, KP, 8 April 2013 (08.04.2013) KR, KZ, LA, LC, LK, LR, LS, LT, LU, LY, MA, MD, ME, MG, MK, MN, MW, MX, MY, MZ, NA, NG, NI, (25) Filing Language: English NO, NZ, OM, PA, PE, PG, PH, PL, PT, QA, RO, RS, RU, (26) Publication Language: English RW, SC, SD, SE, SG, SK, SL, SM, ST, SV, SY, TH, TJ, TM, TN, TR, TT, TZ, UA, UG, US, UZ, VC, VN, ZA, (30) Priority Data: ZM, ZW. 13/718,949 18 December 2012 (18.12.2012) US (84) Designated States (unless otherwise indicated, for every (71) Applicant: TRADING TECHNOLOGIES INTERNA- kind of regional protection available): ARIPO (BW, GH, TIONAL, INC. [US/US]; 222 South Riverside Plaza, GM, KE, LR, LS, MW, MZ, NA, RW, SD, SL, SZ, TZ, Suite 1100, Chicago, IL 60606 (US). UG, ZM, ZW), Eurasian (AM, AZ, BY, KG, KZ, RU, TJ, (72) Inventors: WEISS, Thomas, Jeffrey; c/o Trading Techno- TM), European (AL, AT, BE, BG, CH, CY, CZ, DE, DK, logies International, Ic., 222 South Riverside Plaza, Suite EE, ES, Fl, FR, GB, GR, HR, HU, IE, IS, IT, LT, LU, LV, 1100, Chicago, IL 60606 (US). UNETICH, Michael. MC, MK, MT, NL, NO, PL, PT, RO, RS, SE, SI, SK, SM, 2657 N. Geneva Terrace, Chicago, IL 60614 (US). TR), OAPI (BF, BJ, CF, CG, CI, CM, GA, GN, GQ, GW, ML, MR, NE, SN, TD, TG). (74) Agent: WILLIAMS, Daniel, P.; McDonnell Boehnen Published: Hulbert & Berghoff LLP, 300 S. Wacker Drive, Suite 3200, Chicago, IL 60606 (US). - with international search report (Art. 21(3)) (54) Title: METHODS AND SYSTEMS TO PREVENT ADVERSE EXCHANGE LIMIT EFFECTS (57) Abstract: Methods and systems to prevent ad 400 verse exchange limit effects are disclosed. A method START of message management includes tracking, at a gate way, a transaction count of trade messages commu nicated to an exchange via an exchange link. The 405 DEFINE A FIRST TRANSACTION LIMIT FOR THE method includes defining a first transaction limit EXCHANGE LINK based on the transaction count, and calculating a second transaction limit as a function of the first transaction limit, wherein the second transaction - limit is to correspond to a reserve capacity associ 410 CALCULATE A SECOND TRANSACTION LIMIT FOR THE ated with the exchange link. The method includes EXCHANGE LINK assigning a message priority to each of a plurality of trade messages to communicate to the exchange. The method includes communicating trade messages 420 COMMUNICATE TRADE MESSAGE TO AN EXCHANGE of the plurality of trade messages having a first mes VIA THE EXCHANGE LINK sage priority to the exchange when the transaction count is greater than the second transaction limit, and delaying or rejecting trade messages of the plur ality of trade messages having a second message pri END ority.