PATENT CLAIM ANALYSIS

Application Number: 16044076
Application Type: Utility
Filing Date: 2018-07
Publication Date: 2018-11
Patent Classification: ["705", "037000"]

Abstract:
The disclosed embodiments provide tools for multi-broker order routing based on net position at a broker. The net position of a user at a broker to receive a portion of a trade order is considered when allocating the quantity for the trade order to multiple brokers.

Claim (Index 2):
A computer readable medium having stored therein instructions executable by a processor, including instructions executable to:\n receive by an order receiver component of a computing device a trade order message for a trade order including a trade order quantity of a tradeable object for a user; receive by an allocator component of the computing device from a net position component of the computing device a first net position of the user at a first broker related to the tradeable object; receive by the allocator component of the computing device from the net position component of the computing device a second net position of the user at a second broker related to the tradeable object; calculate by the allocator component of the computing device a total net position of the user related to the tradeable object, wherein the total net position includes the first net position of the user at the first broker related to the tradeable object and the second net position of the user at the second broker related to the tradeable object; calculate by the allocator component of the computing device a total expected position by adding the total net position to the trade order quantity; calculate by the allocator component of the computing device a first target net position for the first broker based on a first allocation percentage for the first broker, wherein the first target net position for the first broker is calculated by multiplying the first allocation percentage for the first broker by the total expected position; calculate by the allocator component of the computing device a second target net position for the second broker based on a second allocation percentage for the second broker, wherein the second target net position for the second broker is calculated by multiplying the second allocation percentage for the second broker by the total expected position; determine by the allocator component of the computing device an allocation of a first portion of the trade order quantity to the first broker based on the first net position of the user at the first broker related to the tradeable object and the first target net position; determine by the allocator component of the computing device an allocation of a second portion of the trade order quantity to the second broker based on the second net position of the user at the second broker related to the tradeable object and the second target net position; send by a broker communicator component of the computing device a first message to a first broker computing device of the first broker, wherein the first message includes the first portion of the trade order quantity; and send by the broker communicator component of the computing device a second message to a second broker computing device of the second broker, wherein the second message includes the second portion of the trade order quantity.

Metadata:
- Claim Count in Document: 27.0
- Percentile: 95.0
- Lexical Diversity: 1.54839
- Patent Class: 705.0
- Transitional Phrase Type: none
- Component Type: 0
- Foreign Priority: False
- Related Applications: ['14265578', '13269061', '13961404', '14984327', '12349015']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1243377936340462
- 35 USC 102 Novelty (BERT): 0.5372972603535644
- Combined Prediction Score: 0.1656337403059981
- Mean Citation Score: 302.93738999999994
- Max Citation Score: 368.43307
- Similarity Product: 349.7550692661845

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

Dataset: test