Cboe Global Markets has patented a method for virtual floor trading via an exchange system. Participants use personalized graphical representations on a virtual trading floor to conduct electronic exchanges. The system captures personal characteristics and biographic information to enhance the trading experience. GlobalData’s report on Cboe Global Markets gives a 360-degree view of the company including its patenting strategy. Buy the report here.

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 February 2024 was 45%. Grant share is based on the ratio of number of grants to total number of patents.

Virtual floor trading system with personalized participant representations

Source: United States Patent and Trademark Office (USPTO). Credit: Cboe Global Markets, Inc

A recently granted patent (Publication Number: US11928731B1) outlines a computer-implemented method for multiple participants to engage in electronic exchanges through an exchange computer system. The method involves providing a graphical user interface (GUI) to participants, where they can interact on a virtual floor. Participants can encode personal characteristics, including dynamic images captured by sensors on their computing devices, to generate graphical representations that mimic their movements on the virtual floor. The virtual floor also includes representations of other participants based on their biographic information derived from sensors.

Furthermore, the method includes rendering three-dimensional graphical representations of participants, streaming movements performed by these representations, and allowing control inputs through devices like a mouse, keyboard, microphone, or sensors. The graphical representations can be displayed on monitors or virtual reality headsets associated with the computing devices. The positioning of the graphical representations on the virtual floor is determined by parameters specific to each participant. The virtual floor rendering is based on information provided by a virtual floor engine within the exchange computer system, which includes an order routing system and an order matching system. Additionally, the method involves obtaining data such as height, weight, position, and movement of participants to accurately represent them on the virtual floor, with sensor measurements contributing to this data collection process.

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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.