PATENT CLAIM ANALYSIS

Application Number: 16255728
Application Type: Utility
Filing Date: 2019-01
Publication Date: 2019-05
Patent Classification: ["705", "037000"]

Abstract:
Systems and methods for maintaining the viability of a market order type in fluctuating markets are provided. These systems and methods preferably provide the user with the ability to enter an order as a “conditional” market order. Such an order will preferably only be implemented as a market order under certain specific circumstances—e.g., the market has met a predetermined stability threshold for a preferably predetermined amount of time.

Claim (Index 8):
An apparatus comprising:\n at least one processor; and at least one memory device electronically coupled to the at least one processor, in which the memory device stores instructions which, when executed by the at least one processor, direct the at least one processor to:\n set a price stability threshold stored in the memory before receipt of a market order to buy or sell an item at a current market price in an electronic market comprising a network of computers communicatively coupled with one another and the apparatus as an electronic trading server over a communication network; \n transmit, over the communication network, a graphical user interface to display at given displays respectively of given computers of the network of computers; \n receive, over the communication network, from a first computer of the network of computers, the market order entered at a first graphical user interface displayed at a first display of the first computer; \n determine, when the market order is detected, a stability of a current market price of the item as the item is being bought and sold throughout the network of computers based on current market price information received over the communication network; \n determine whether the stability of the current market price meets the stability price stability threshold; \n in response to a determination that the stability of the current market price does not meet the price stability threshold, modify the market order based on a system defined modification to be a resting order with a modified price that is a certain price difference away from the current market price of the item and place the resting order in the electronic market at the modified price; and \n in response to a determination that the stability of the current market price does meet the price stability threshold, place the market order in the electronic market at a market price of opposite-side orders for immediate execution against an opposite-side order.

Metadata:
- Claim Count in Document: 24.0
- Percentile: 99.0
- Lexical Diversity: 1.5102
- Patent Class: 705.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: False
- Related Applications: ['12938189', '10397109', '11328566', '14548840', '11407509']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1019320428247527
- 35 USC 102 Novelty (BERT): 0.4711689137087216
- Combined Prediction Score: 0.1388557299131496
- Mean Citation Score: 178.23986200000004
- Max Citation Score: 188.2021
- Similarity Product: 148.73895990268588

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

Dataset: test