The London Stock Exchange Group has been granted a patent for a computer-implemented method that manages orders and aggregates market data from multiple liquidity sources. This system integrates an order router with a matching engine to ensure synchronous operations and prevent modifications during order processing, enhancing market efficiency. GlobalData’s report on London Stock Exchange 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 London Stock Exchange Group, was a key innovation area identified from patents. London Stock Exchange Group's grant share as of June 2024 was 38%. Grant share is based on the ratio of number of grants to total number of patents.
Order management and market data aggregation system
The patent US12033112B2 outlines a computer-implemented method and system for managing orders and aggregating market data from multiple liquidity sources. The method involves receiving orders from liquidity consumers directed to an aggregated liquidity pool, which consists of one or more basic pools. Orders are routed based on configurable decisions executed as a single operation, preventing modifications or cancellations during the routing process. The system includes a tightly integrated matching engine and order router that ensures synchronous activity, allowing for efficient order matching and minimizing information leakage related to executed orders. The method also incorporates various matching logics, such as Price/Random-Pool and Price/Ranking/Random-Pool, to determine the best resting orders for matching.
Additionally, the patent specifies that the basic pools may include multi-lateral and remote pools, and that the aggregated liquidity pool features a user interface similar to its constituent pools. The orders can be of different types, including Fill and Kill or Fill or Kill. The system is designed to generate unique market data for each aggregated liquidity pool, which is accessible only to permissioned consumers, while maintaining the anonymity of liquidity consumers and providers. Overall, the patent presents a comprehensive framework for enhancing order management and market data aggregation in financial markets.
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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.
