Patents by Inventor Pearce Peck-Walden

Pearce Peck-Walden has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Publication number: 20230078579
    Abstract: The disclosed embodiments relate to regulation of a rate of incoming orders by buffering or otherwise batching orders together as they are received and subsequently forwarding batches of orders to a match engine for processing thereby in a manner which may equalize orders from traders having varying abilities to rapid submit orders or otherwise capitalize on market events. The disclosed embodiments further relate to prioritizing the matching of resting orders against an incoming order. In particular, the disclosed embodiments alter the priority of a given resting order to match against an incoming order, relative to other suitably matching resting orders, as a function of how long the orders have been resting on the order book.
    Type: Application
    Filed: October 31, 2022
    Publication date: March 16, 2023
    Applicant: Chicago Mercantile Exchange Inc.
    Inventors: Paul Callaway, Sean Castette, Kireeti Reddy, Akira Yamaguchi, José Antonio Acuña-Rohter, Pearce Peck-Walden, Zachary Bonig
  • Publication number: 20230072217
    Abstract: An electronic trading system utilizes a Match Engine that receives orders, stores them internally, calculates tradable combinations and advertises the availability of real and implied orders in the form of market data. New tradable items defined as combinations of other tradable items may be included in the calculation of tradable combinations. A technique is disclosed for suppression of the calculation and/or subsequent listing of an implied order when the order is either undesired or unnecessary in the market therefore.
    Type: Application
    Filed: November 14, 2022
    Publication date: March 9, 2023
    Applicant: Chicago Mercantile Exchange Inc.
    Inventors: Brian M. Wolf, John F. Curran, James W. Farrell, Paul J. Callaway, Barry Galster, Andrew Milne, Giuseppe Scimeca, Pearce Peck-Walden, James Wilcox
  • Patent number: 11551295
    Abstract: Systems and methods are disclosed for ensuring execution of multiple inter-dependent transactions in an electronic data transaction processing system in which a plurality of data items are transacted by one or more hardware matching processors associated therewith that match a combined electronic data transaction request comprising a conditional execution instruction and a plurality of component electronic data transaction request messages, each for transaction of a different data item of the plurality of data items.
    Type: Grant
    Filed: December 28, 2016
    Date of Patent: January 10, 2023
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Ari Studnitzer, Pearce Peck-Walden, Mark Rogerson
  • Patent number: 11551300
    Abstract: Disclosed are a system and method, also referred to herein as an architecture, for efficiently communicating a high volume of data from a server over an electronic communications network to geographically disperse recipients, where one or more of those recipients may receive a customized version of that data, e.g., content, timing and/or form. As the data is generated, timing information and/or changes to information regarding customizations is incorporated forming a data stream which is communicated to local data publishers (“LDP's”). Upon receipt, the LDP's extract the data, customization, or timing information and act accordingly when transmitting the received data to the recipients. Customization is applied to update local control databases which specify the customizations for subsequently received data before transmission. By acting on the messages in real time, e.g.
    Type: Grant
    Filed: January 21, 2021
    Date of Patent: January 10, 2023
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Arkadiusz Koziol, Priteshkumar Soni, Melissa Ann Jenner, Baris Mestanogullari, Pearce Peck-Walden
  • Patent number: 11544785
    Abstract: The disclosed embodiments relate to regulation of a rate of incoming orders by buffering or otherwise batching orders together as they are received and subsequently forwarding batches of orders to a match engine for processing thereby in a manner which may equalize orders from traders having varying abilities to rapid submit orders or otherwise capitalize on market events. The disclosed embodiments further relate to prioritizing the matching of resting orders against an incoming order. In particular, the disclosed embodiments alter the priority of a given resting order to match against an incoming order, relative to other suitably matching resting orders, as a function of how long the orders have been resting on the order book.
    Type: Grant
    Filed: March 11, 2015
    Date of Patent: January 3, 2023
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Paul Callaway, Sean Castette, Kireeti Reddy, Akira Yamaguchi, Jose Antonio Acuña-Rohter, Pearce Peck-Walden, Zachary Bonig
  • Patent number: 11532043
    Abstract: The disclosed embodiments relate to regulation of a rate of incoming orders by buffering or otherwise batching orders together as they are received and subsequently forwarding batches of orders to a match engine for processing thereby in a manner which may equalize orders from traders having varying abilities to rapid submit orders or otherwise capitalize on market events. The disclosed embodiments further relate to prioritizing the matching of resting orders against an incoming order. In particular, the disclosed embodiments alter the priority of a given resting order to match against an incoming order, relative to other suitably matching resting orders, as a function of how long the orders have been resting on the order book.
    Type: Grant
    Filed: March 11, 2015
    Date of Patent: December 20, 2022
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Paul Callaway, Sean Castette, Kireeti Reddy, Akira Yamaguchi, Jose Antonio Acuña-Rohter, Pearce Peck-Walden, Zachary Bonig
  • Patent number: 11526939
    Abstract: An electronic trading system utilizes a Match Engine that receives orders, stores them internally, calculates tradable combinations and advertises the availability of real and implied orders in the form of market data. New tradable items defined as combinations of other tradable items may be included in the calculation of tradable combinations. A technique is disclosed for suppression of the calculation and/or subsequent listing of an implied order when the order is either undesired or unnecessary in the market therefore.
    Type: Grant
    Filed: January 7, 2019
    Date of Patent: December 13, 2022
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Brian M. Wolf, John F. Curran, James W. Farrell, Paul J. Callaway, Barry Galster, Andrew Milne, Giuseppe Scimeca, Pearce Peck-Walden, James Wilcox
  • Publication number: 20220321515
    Abstract: The disclosed embodiments relate generally to efficient data transmission and receipt. Specifically, the disclosed embodiments provide systems and methods for selectively combining multiple, disparate message types and transmitting same via one data feed. A consolidation system determines whether data resulting from an event can be combined or merged based on pre-determined message characteristics and state or environment information or should be sent via two separate feeds. The merged message may be backwards-compatible so that data recipient computing systems can easily and selectively decide which portion of the merged data is relevant to the data recipient computing system, only read the relevant portions. Thus, multiple data receivers, which typically consume different message types, can receive and consume the same merged or consolidated message.
    Type: Application
    Filed: June 15, 2022
    Publication date: October 6, 2022
    Applicant: Chicago Mercantile Exchange Inc.
    Inventors: Pearce Peck-Walden, Rosa Frenkel, Arkadiusz Koziol, José Antonio Acuña-Rohter, Fred Malabre, Melissa Jenner, Priteshkumar Soni
  • Patent number: 11411907
    Abstract: The disclosed embodiments relate generally to efficient data transmission and receipt. Specifically, the disclosed embodiments provide systems and methods for selectively combining multiple, disparate message types and transmitting same via one data feed. A consolidation system determines whether data resulting from an event can be combined or merged based on pre-determined message characteristics and state or environment information, or should be sent via two separate feeds. The merged message may be backwards-compatible so that data recipient computing systems can easily and selectively decide which portion of the merged data is relevant to the data recipient computing system, only read the relevant portions. Thus, multiple data receivers, which typically consume different message types, can receive and consume the same merged or consolidated message.
    Type: Grant
    Filed: May 16, 2016
    Date of Patent: August 9, 2022
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Pearce Peck-Walden, Rosa Frenkel, Arkadiusz Koziol, José Antonio Acuña-Rohter, Fred Malabre, Melissa Jenner, Priteshkumar Soni
  • Publication number: 20220230242
    Abstract: Disclosed are a system and method, also referred to herein as an architecture, for efficiently communicating a high volume of data from a server over an electronic communications network to geographically disperse recipients, where one or more of those recipients may receive a customized version of that data, e.g., content, timing and/or form. As the data is generated, timing information and/or changes to information regarding customizations is incorporated forming a data stream which is communicated to local data publishers (“LDP's”). Upon receipt, the LDP's extract the data, customization, or timing information and act accordingly when transmitting the received data to the recipients. Customization is applied to update local control databases which specify the customizations for subsequently received data before transmission. By acting on the messages in real time, e.g.
    Type: Application
    Filed: January 21, 2021
    Publication date: July 21, 2022
    Applicant: Chicago Mercantile Exchange Inc.
    Inventors: Arkadiusz Koziol, Priteshkumar Soni, Melissa Ann Jenner, Baris Mestanogullari, Pearce Peck-Walden
  • Publication number: 20220180438
    Abstract: The disclosed embodiments relate to communication of messages from a database to participants whereby messages, or at least a portion of the content thereof, indicative of changes in the database, due to one or more transactions between two or more participants, are structured so as to reduce redundant data therein and prioritize the transmission of that portion of the message which summarizes the event and result thereof. Further, these event reporting messages may further consolidate, or otherwise be combined with, the corresponding directed reporting messages communicated to the particular participants participating in the reported transaction while preserving the anonymity of those participants to which messages are particularly directed.
    Type: Application
    Filed: February 24, 2022
    Publication date: June 9, 2022
    Applicant: Chicago Mercantile Exchange Inc.
    Inventors: Paul Callaway, Fritz Caskey, Dennis Genetski, Pearce Peck-Walden, José Antonio Acuña-Rohter, Priteshkumar Soni, Rosa Frenkel
  • Publication number: 20220172292
    Abstract: The disclosed embodiments relate to systems and methods for triangulation of options and futures. An exchange receives a volatility quoted order. The system attempts to match the order within a volatility order book. If there is a match, the system attempts to mitigate the risk of the order by implying an order into the futures market. If there is not a match, the system implies an order into a premium quoted option order book. The exchange automatically maintains the order based on changes in the underlying futures market and a stored quoting model.
    Type: Application
    Filed: February 15, 2022
    Publication date: June 2, 2022
    Applicant: Chicago Mercantile Exchange Inc.
    Inventors: Pearce Peck-Walden, Ryan Eavy, Dileep Konduru, Zachary Bonig, Ari Studnitzer
  • Publication number: 20220172293
    Abstract: The disclosed embodiments relate to implementation of a trading system or trading system architecture having multiple transaction processors that execute financial transactions as well as scheduled tasks. The multiple transaction processors perform all actions independently of each other, but can be configured to execute the financial transactions or scheduled tasks in a controlled, coordinated, and/or synchronized manner based on time signal data augmented to the financial transactions or scheduled tasks by a transaction receiver/orderer.
    Type: Application
    Filed: February 15, 2022
    Publication date: June 2, 2022
    Applicant: Chicago Mercantile Exchange Inc.
    Inventors: Zachary Bonig, Eric Thill, Pearce Peck-Walden, José Antonio Acuña-Rohter, Barry Galster, Neil Steuber, James Bailey, Jake Siddall
  • Publication number: 20220156831
    Abstract: Systems and methods are provided for an electronic match engine of an exchange that distributes a minimum data set to an external market data generation (MDG) processor. The electronic match engine derives a minimum data set from data already known to the electronic match engine. The MDG processor, which may be outside of the electronic match engine, may extract the minimum data set and uses it to generate market data. The electronic match engine may append the minimum data set to an order entry message sent to the MDG processor.
    Type: Application
    Filed: December 15, 2021
    Publication date: May 19, 2022
    Applicant: Chicago Mercantile Exchange Inc.
    Inventors: Pearce Peck-Walden, Rosa Frenkel, José Antonio Acuña-Rohter, Pritesh Soni, Dileep Konduru, Melissa Jenner, Frederic Malabre
  • Publication number: 20220147998
    Abstract: A data transaction processing system including multiple transaction processors also includes an active transaction receiver that sequences all incoming messages from various sources to facilitate transactional determinism, as well as a results arbiter to efficiently decide which transaction processor result to choose as the correct output. The data transaction processing system minimizes overall latency by optimizing which transaction processors and results arbiters are responsive to specific client computer input requests or messages.
    Type: Application
    Filed: January 24, 2022
    Publication date: May 12, 2022
    Applicant: Chicago Mercantile Exchange Inc.
    Inventors: Zachary Bonig, Jose Antonio Acuna-Rohter, Pearce Peck-Walden, James Bailey, Eric Thill, David Lariviere
  • Publication number: 20220129987
    Abstract: The disclosed embodiments relate to creation and dissemination of unique identifiers, i.e. tokens, for use in communication of messages from a transaction processing system, to participants therein whereby messages, or at least a portion of the content thereof, indicative of a response to a request, to transact or modify a prior transaction, are consolidated, or otherwise combined, with the corresponding directed reporting messages communicated to the particular participants participating in the reported transaction while preserving the anonymity of those participants to which messages are particularly directed. The identifiers are structured so as to facilitate rapid validation and dissemination while eliminating the ability to associate any given identifier, or set thereof, with a participant.
    Type: Application
    Filed: January 11, 2022
    Publication date: April 28, 2022
    Applicant: Chicago Mercantile Exchange Inc.
    Inventors: José Antonio Acuña-Rohter, Erik Helleren, Barry Galster, Paul Callaway, Pearce Peck-Walden
  • Patent number: 11295386
    Abstract: The disclosed embodiments relate to communication of financial messages from an exchange to market participants whereby messages, or at least a portion of the content thereof, indicative of changes in the market, due to one or more trades between two or more market participants, are structured so as to reduce redundant data therein and prioritize the transmission of that portion of the message which summarizes the event and result thereof. Further, these event reporting messages may further consolidate, or otherwise be combined with, the corresponding directed reporting messages communicated to the particular market participants participating in the reported trade while preserving the anonymity of those market participants to which messages are particularly directed.
    Type: Grant
    Filed: September 9, 2020
    Date of Patent: April 5, 2022
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Paul Callaway, Fritz Caskey, Dennis Genetski, Pearce Peck-Walden, José Antonio Acuña-Rohter, Priteshkumar Soni, Rosa Frenkel
  • Patent number: 11288739
    Abstract: The disclosed embodiments relate to systems and methods for triangulation of options and futures. An exchange receives a volatility quoted order. The system attempts to match the order within a volatility order book. If there is a match, the system attempts to mitigate the risk of the order by implying an order into the futures market. If there is not a match, the system implies an order into a premium quoted option order book. The exchange automatically maintains the order based on changes in the underlying futures market and a stored quoting model.
    Type: Grant
    Filed: April 21, 2016
    Date of Patent: March 29, 2022
    Assignee: CHICAGO MERCANTILE EXCHANGE INC.
    Inventors: Pearce Peck-Walden, Ryan Eavy, Dileep Konduru, Zachary Bonig, Ari Studnitzer
  • Patent number: 11288744
    Abstract: The disclosed embodiments relate to implementation of a trading system or trading system architecture having multiple transaction processors that execute financial transactions as well as scheduled tasks. The multiple transaction processors perform all actions independently of each other, but can be configured to execute the financial transactions or scheduled tasks in a controlled, coordinated, and/or synchronized manner based on time signal data augmented to the financial transactions or scheduled tasks by a transaction receiver/orderer.
    Type: Grant
    Filed: July 10, 2020
    Date of Patent: March 29, 2022
    Assignee: CHICAGO MERCANTILE EXCHANGE INC.
    Inventors: Zachary Bonig, Eric Thill, Pearce Peck-Walden, José Antonio Acuña-Rohter, Barry Galster, Neil Steuber, James Bailey, Jake Siddall
  • Patent number: 11272040
    Abstract: A data transaction processing system including multiple transaction processors also includes an active transaction receiver that sequences all incoming messages from various sources to facilitate transactional determinism, as well as a results arbiter to efficiently decide which transaction processor result to choose as the correct output. The data transaction processing system minimizes overall latency by optimizing which transaction processors and results arbiters are responsive to specific client computer input requests or messages.
    Type: Grant
    Filed: March 18, 2020
    Date of Patent: March 8, 2022
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Zachary Bonig, Jose Antonio Acuna-Rohter, Pearce Peck-Walden, James Bailey, Eric Thill, David Lariviere