BGC Partners has patented a system that controls the sequencing of data items from client devices to minimize latency. The system assigns time stamps to orders based on transmission times, ensuring fairness for participants regardless of their distance from the platform. The technology involves programmable integrated circuits and TCP circuits for efficient data distribution. GlobalData’s report on BGC Partners 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 BGC Partners, Retail trading platforms was a key innovation area identified from patents. BGC Partners's grant share as of February 2024 was 50%. Grant share is based on the ratio of number of grants to total number of patents.
Control chronological sequencing of data items with minimal latency
A recently granted patent (Publication Number: US11915315B1) describes a system that includes programmable integrated circuits and processors to manage order data received from market participants. The system involves receiving data packets representing orders, determining time stamps for each order, generating order messages, and sequencing orders based on time stamps. The system also includes a fanout circuit to instruct TCP server circuits to transmit output data packets simultaneously for each order represented in the output stream. The system aims to efficiently process and transmit order data in a time-sensitive manner.
Furthermore, the patent details various configurations and functionalities of the system, such as handling orders formed by multiple data packets or contained within a single data packet, adjusting time stamps based on network path delays, and managing hold delays for sequencing orders. The system utilizes programmable hardware devices, including field programmable gate arrays (FPGAs), to efficiently process and transmit data items. Additionally, the system includes processors to adjust time stamps based on time offsets from TCP client circuits and monitor differences in time stamps for optimizing data processing. Overall, the patented system aims to enhance the processing and transmission of order data in a network environment, ensuring timely and accurate delivery of information to market participants.
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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.
