Electronic Matching Engine Algorithm for Financial Products Available from ICAP Patent Brokerage

ICAP Patent Brokerage announces for sale patents disclosing a computer implemented electronic matching engine algorithm which enables transactions between indications of interest (IOI), determined by a user’s historical accept or decline responses to marketable liquidity. This IP package is available from Green Key Technologies as part of the Financial Auction Series, with a bidding deadline of December 4th, 2014.

“Decline ratio based electronic matching is vital in a market place that accepts quotes. It gives the market liquidity credibility,” says Doug Rhoten, Chairman of ICAP Patent Brokerage.

Key Characteristics & Benefits

This portfolio discloses a computer-implemented method of regulating the order submission process for buying and selling securities. The problem with indicative or quoted markets is the no obligation-optionality embedded into each quote. Since quotes are not the same as firm limit orders, market participants often base trading decisions on indications of liquidity that may not really exist.

With the evolution of low latency messaging capabilities, there is also a need for rating limit order liquidity. Limit order ratings will disincentivize liquidity providers from using high frequency limits orders to influence and gain market data without trading.

Decline ratio allocation is a smart order router for broker’s, SEF, and exchange platforms that increases the integrity of their liquidity by rewarding reliable liquidity providers that have good “decline ratios,” by adjusting their queue position in the order book relative to other trading firms’ decline ratios. Liquidity is therefore allocated to those firms with the highest probability of accepting to deal with better queue position.

This Patented IP enables a matching engine to dynamically rank liquidity based on the likelihood of IOI acceptance at the time of execution. Sorting & Ranking of IOIs is based on a user’s historical accept & decline behavior. It is an alternative algorithm to FIFO or Pro Rata.

See the technical description of the electronic matching engine algorithm IP sales offering.

To learn more about the intellectual property available for sale in these portfolios or to place a bid:
Contact Paul Greco of ICAP Patent Brokerage at (212) 815-6692 or via email at Paul@icapip.com.

If you have a patent for sale, visit our website to make a patent submission for an upcoming sealed bid event.

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About ICAP Patent Brokerage
ICAP Patent Brokerage is the world’s largest intellectual property brokerage and patent auction firm, leveraging the talents of experienced patent brokers to match buyers and sellers for the sale of patents and other intellectual property assets. With multiple transaction platforms and unparalleled industry knowledge, including experience with trademarks, brands, intellectual property licensing, and UCC sales, ICAP Patent Brokerage is the global leader in the transaction of intellectual property.