Cboe Global Markets. has been granted a patent for a method of trading financial instruments that involves receiving order data and customizable parameters, adding order legs, and executing trades based on matching offers and clearing information. This process enhances order configuration and execution efficiency. GlobalData’s report on Cboe Global Markets gives a 360-degree view of the company including its patenting strategy. Buy the report here.
Smarter leaders trust GlobalData
According to GlobalData’s company profile on Cboe Global Markets, was a key innovation area identified from patents. Cboe Global Markets's grant share as of June 2024 was 41%. Grant share is based on the ratio of number of grants to total number of patents.
Method for trading financial instruments with customizable parameters
The patent US12008650B1 outlines a method and system for trading financial instruments through an exchange computer system. The process begins with the exchange receiving data from a user device, which includes an order to trade a financial instrument and various parameter values for order configuration. The system is designed to add multiple legs to the order based on user input, which can be provided in a data file format. Additionally, the exchange system is equipped to transmit requests for clearing information related to these legs and to receive corresponding data from the user device. The order is then configured and executed, utilizing an order matching system that connects with other exchange systems to fulfill the trade.
The patent also details the functionality of a graphical user interface (GUI) that facilitates user interaction with the exchange system. This interface displays the order and parameter values, requests for clearing information, and confirmation windows that provide order details, including the allocation of contra parties. The system is capable of formatting orders based on execution types specified in the parameter values and includes provisions for handling various data related to clearing information, such as account details and trader identification. Overall, the patent emphasizes a comprehensive approach to streamline the trading process, enhance user experience, and ensure efficient order execution within a networked exchange environment.
To know more about GlobalData’s detailed insights on Cboe Global Markets, buy the report here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
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.
