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US Patent 11620708 System and method for processing a trade order

Patent 11620708 was granted and assigned to Intercontinental Exchange on April, 2023 by the United States Patent and Trademark Office.

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Patent
Patent
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Patent attributes

Patent Applicant
Intercontinental Exchange
Intercontinental Exchange
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Current Assignee
Intercontinental Exchange
Intercontinental Exchange
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Patent Jurisdiction
United States Patent and Trademark Office
United States Patent and Trademark Office
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Patent Number
116207080
Patent Inventor Names
David R. Wender0
Date of Patent
April 4, 2023
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Patent Application Number
178333120
Date Filed
June 6, 2022
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Patent Primary Examiner
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Jessica Lemieux
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CPC Code
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G06Q 40/04
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Systems and apparatus for processing a trade order include a computer configured for receiving market data for a financial asset, receiving pricing parameters and receiving proposed order quantity and price data. The computer is further configured for constructing proposed trades based on the proposed order quantity and price data, and for calculating a theoretical price for the financial asset based on the market data, pricing parameters as well as the proposed order price data. In addition, the computer is configured for comparing the constructed trades with the theoretical price, and displaying market data indicators relative to the theoretical price indicators based on the comparison.

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