PATENT CLAIM ANALYSIS

Application Number: 15918494
Application Type: Utility
Filing Date: 2018-03
Publication Date: 2018-08
Patent Classification: ["705", "037000"]

Abstract:
A disclosed system, method and computer readable storage medium includes mechanism for controlling cascade price movements in an electronic trading system. Price limits control the prices at which traders can place orders. An upper price limit prevents traders from placing orders above the upper limit and a lower price limit prevents traders from placing orders below the lower limit. The gap between the upper limit and the indicative marked price as well as the gap between lower limit and the indicative market price is controlled so as to cause a breaking effect on very rapidly changing market price.

Claim (Index 1):
A computer implemented method for controlling cascade price movements in a trading market based on electronic trading, the method comprising:\n determining, by a processor, a first upper price limit and a first lower price limit for a first time interval of trading in a market based on electronic trading, each of the first upper price limit and the first lower price limit being fixed over the first time interval; rejecting, by the processor, bids above the first upper price limit and offers below the first lower price limit during the first time interval; determining, by the processor, a second upper price limit and a second lower price limit for a second time interval for trading in the market, wherein the second time interval occurs after the first time interval, each of the second upper price limit and the second lower price limit being fixed over the second time interval; and rejecting, by the processor, bids above the second upper price limit and offers below the second lower price limit during the second time interval, wherein the respective steps of rejecting limit the cascade price movements to being within a first price range formed by the first lower price limit and the first upper price limit and to being within a second price range formed by the second lower price limit and the second upper price limit.

Metadata:
- Claim Count in Document: 62.0
- Percentile: 90.0
- Lexical Diversity: 1.66129
- Patent Class: 705.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: False
- Related Applications: ['14542713', '12611781', '14466359', '11900756', '12395603']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.0957469326738383
- 35 USC 102 Novelty (BERT): 0.5503194766078584
- Combined Prediction Score: 0.1412041870672404
- Mean Citation Score: 288.342664
- Max Citation Score: 411.13254
- Similarity Product: 315.44391694943903

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

Dataset: test