PATENT CLAIM ANALYSIS

Application Number: 16381537
Application Type: Utility
Filing Date: 2019-04
Publication Date: 2019-08
Patent Classification: ["705", "037000"]

Abstract:
A number of techniques for improving electronic trading are disclosed. According to some embodiments, an electronic trading system may selectively disclose to, or withhold from, trade participants order book data depending on whether each participant's trade order meets a predetermined threshold price and/or threshold size or other criteria.

Claim (Index 17):
A computer-implemented apparatus for electronic trading in a semi-lit market environment, the apparatus comprising:\n a matching engine configured to receive trading orders from trade participants and to execute said trading orders; at least one computer processor configured to maintain an order book; a storage medium configured to record said order book; and a communication interface configured for communicating electronic data to the trade participants; the at least one computer processor being further configured to regulate a conditional distribution of electronic information of said order book to the trade participants by:\n determining, based on a comparison of at least one price parameter of an order submitted by a trade participant with respect to a predetermined threshold price point, whether to permit the trade participant to access a selected portion of said order book; and \n selectively disclosing order book data to or withholding order book data from the trade participant, on the interface for communicating electronic data to trade participants, based on the step of determining, thereby facilitating a semi-lit market environment in said electronic trading system.

Metadata:
- Claim Count in Document: 44.0
- Percentile: 100.0
- Lexical Diversity: 1.22727
- Patent Class: 705.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: False
- Related Applications: ['14488886', '14488859', '14322996', '15845721', '10697851']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1259675616841411
- 35 USC 102 Novelty (BERT): 0.5623278465583254
- Combined Prediction Score: 0.1696035901715595
- Mean Citation Score: 367.971094
- Max Citation Score: 509.53738
- Similarity Product: 391.6069166643453

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

Dataset: test