PATENT CLAIM ANALYSIS

Application Number: 16375560
Application Type: Utility
Filing Date: 2019-04
Publication Date: 2019-08
Patent Classification: ["705", "037000"]

Abstract:
Systems and methods are described for aggregating and filling Volume Attentive Trade (VAT) orders using a VAT Liquidity Builder. As described, in various aspects a first grouping of VAT orders may be aggregated by the VAT Liquidity Builder. A second grouping of VAT orders may also be aggregated by the VAT Liquidity Builder. Each of the VAT orders for the first and second groups may each include a set of VAT rules that define a limit price, a share quantity and a VAT delta. The VAT Liquidity Builder may then generate an effective limit price for each of the first group of VAT orders using the corresponding limit prices and VAT deltas, and generate an execution command to fill a particular VAT order having the largest share quantity from the second group of VAT orders with one or more qualifying VAT orders from the first group.

Claim (Index 30):
A non-transitory computer-readable medium for implementing dynamic control by a series of Volume Attentive Trade (VAT) rules that determine execution sequences of corresponding VAT orders, the non-transitory computer readable medium comprising instructions, wherein said instructions when executed cause one or more processors to:\n receive, at a communications port from the computer network, VAT orders, each VAT order identifiable as either of a first investor type or of a second investor type, and each VAT order defining VAT rules; store, in a computer memory communicatively coupled to the communications port, the VAT orders; aggregate, by a processor in the computer memory, one or more of the VAT orders of the first investor type into a first VAT order group; aggregate, by the processor in the computer memory, one or more of the VAT orders of the second investor type into a second VAT order group; control, by the processor, execution of the VAT orders during a first iteration of a sequence, the sequence determined by each of the VAT rules of the one or more of the VAT orders of the first VAT order group and by each of the VAT rules of the one or more of the VAT orders of the second VAT order group; (a) analyze, by the processor during the first iteration of the sequence, each of the VAT rules of the one or more of the VAT orders of the second VAT order group to determine a VAT order having a current greatest share quantity from the second VAT order group; (b) analyze, by the processor during the first iteration of the sequence, each of the VAT rules of the one or more of the VAT orders of the first VAT order group to determine a VAT order having a current greatest effective limit price from the first VAT order group, the processor further configured to determine the current greatest effective limit price by combining a limit price and a VAT delta price value of the VAT order having the current greatest effective limit price; and (c) generate, by the processor during the first iteration of the sequence, an execution command to at least partially fill the current greatest share quantity of the VAT order having the current greatest share quantity from the second VAT order group against a share quantity of the VAT order having the current greatest effective limit price from the first VAT order group.

Metadata:
- Claim Count in Document: 80.0
- Percentile: 100.0
- Lexical Diversity: 2.16667
- Patent Class: 705.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: False
- Related Applications: ['15382876', '15471618', '09714212', '12140047', '11714923']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1380801310549958
- 35 USC 102 Novelty (BERT): 0.6474711785277736
- Combined Prediction Score: 0.1890192358022736
- Mean Citation Score: 427.4969860000001
- Max Citation Score: 665.4125
- Similarity Product: 600.9069489635527

Labels:
- Claim Label 101: 0
- Claim Label 102: 1
- Claim Label 103: 0
- Claim Label 112: 0
- Combined Label: 0
- Label 101 Adjusted: 0

Dataset: test