PATENT CLAIM ANALYSIS

Application Number: 16165672
Application Type: Utility
Filing Date: 2018-10
Publication Date: 2019-02
Patent Classification: ["705", "037000"]

Abstract:
Systems and methods are provided for processing derivative product orders at an exchange. Traders provide derivative product order risk data to the exchange. The order risk data may include maximum delta, gamma and/or vega utilization values for derivative product contracts based on the same underlying product. Before executing a trade, a match system analyzes the trader's current utilization state and the utilization that would result after the trade. The match system may then execute all or a portion of the trade.

Claim (Index 7):
A computing apparatus for protecting against in-flight fills at an exchange, the apparatus comprising:\n a processor; a tangible computer memory storing computer-executable instructions, which include at least an order risk management module, that, when executed by the processor, cause the computing apparatus to perform steps comprising:\n (a) receiving order risk data including at least one threshold value corresponding to at least one order parameter; \n (b) receiving, from a computing device of a user, an order for a product; \n (c) calculating utilization data using the order for the product and a current order risk utilization state of the user; and \n (d) processing the order for the product in a manner that is a function of order risk data and the utilization data, wherein the processing comprises determining that the current order risk utilization state of the user exceeds a threshold value of the at least one threshold value, and then cancelling all resting orders of the user to protect against in-flight fills.

Metadata:
- Claim Count in Document: 50.0
- Percentile: 97.0
- Lexical Diversity: 1.53448
- Patent Class: 705.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: False
- Related Applications: ['14153801', '15469685', '10676318', '13737289', '11951891']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1428284579136911
- 35 USC 102 Novelty (BERT): 0.6192279536721422
- Combined Prediction Score: 0.1904684074895362
- Mean Citation Score: 428.09995
- Max Citation Score: 441.7667
- Similarity Product: 389.2585968853772

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

Dataset: test