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 18):
A computing apparatus comprising:\n a processor; a tangible computer memory storing computer-executable instructions that, when executed by the processor, cause the computing apparatus to perform steps comprising:\n (a) receiving, at an order risk management module, data comprising at least one threshold value corresponding to at least one order risk parameter; \n (b) receiving, at the order risk management module from a computing device of a user, an order for a product; \n (c) determining, at the order risk management module, a current order risk parameter utilization value of the computing device of the user; \n (d) after determining that the current order risk parameter utilization value exceeds a threshold value of the at least one threshold value, cancelling resting orders associated with the user to protect against in-flight fills; and \n (e) at the order risk management module, executing the order for the product when the current order risk parameter utilization value does not exceed the threshold value.

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): 0.1442919068104621
- 35 USC 102 Novelty (BERT): 0.6136618160657997
- Combined Prediction Score: 0.1912288977359959
- Mean Citation Score: 428.09995
- Max Citation Score: 441.7667
- Similarity Product: 341.35079078210595

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