CME Group. has been granted a patent for a trading system designed to enhance performance and ensure transactional determinism under high processing loads. The system features improved fault tolerance, low latency, and equitable access to information, while enabling the reproduction of prior marketplace states to mitigate risks. GlobalData’s report on CME Group gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on CME Group, was a key innovation area identified from patents. CME Group's grant share as of June 2024 was 48%. Grant share is based on the ratio of number of grants to total number of patents.
Trading system for improved performance and transactional determinism
The patent US12045887B2 describes a system designed to manage and reproduce specific prior states of an electronic marketplace by utilizing a logic component and a non-transitory memory. The system is configured to determine a particular prior state based on the cumulative results of previously processed transactions over a defined period. It retrieves a subset of data representing these transactions and identifies patterns that indicate when the prior state could be reproduced. The system monitors incoming transactions and, upon detecting a match with the identified pattern, prevents the processing of the most recent transaction to avoid recreating the prior state. Conversely, if the pattern is not matched, the transaction is allowed to proceed.
Additionally, the system includes features for accumulating transaction data, simulating the execution of previously received transactions, and dynamically updating the identified patterns based on recent transactions. It can also generate alerts and solicitations related to transactions that could disrupt detected patterns. The claims further specify that the system can handle synthetic transactions and focus on specific transaction characteristics, such as timing and sequence, to refine its monitoring capabilities. Overall, the patent outlines a comprehensive approach to maintaining stability within an electronic marketplace by proactively managing transaction processing based on historical data and identified patterns.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
