US 12,307,526 B2
Throttling modification messages
Michael Unetich, Chicago, IL (US)
Assigned to TRADING TECHNOLOGIES INTERNATIONAL, INC., Chicago, IL (US)
Filed by TRADING TECHNOLOGIES INTERNATIONAL, INC., Chicago, IL (US)
Filed on Apr. 23, 2024, as Appl. No. 18/643,671.
Application 18/643,671 is a continuation of application No. 17/846,333, filed on Jun. 22, 2022, granted, now 12,008,646.
Application 17/846,333 is a continuation of application No. 16/898,911, filed on Jun. 11, 2020, granted, now 11,397,989, issued on Jul. 26, 2022.
Application 16/898,911 is a continuation of application No. 15/901,644, filed on Feb. 21, 2018, granted, now 10,726,484, issued on Jul. 28, 2020.
Application 15/901,644 is a continuation of application No. 13/077,951, filed on Mar. 31, 2011, granted, now 9,934,534, issued on Apr. 3, 2018.
Prior Publication US 2024/0273627 A1, Aug. 15, 2024
This patent is subject to a terminal disclaimer.
Int. Cl. G06Q 40/04 (2012.01)
CPC G06Q 40/04 (2013.01) 12 Claims
OG exemplary drawing
 
1. A non-transitory computer readable medium having stored therein instructions executable by a processor and including instructions executable to:
send, from a computing device to an electronic exchange, a trade order for a tradeable object listed at the electronic exchange;
determine, using the computing device, a time to send a modification message to the electronic exchange based on expiration of a period of time that the trade order is required to remain pending in a market at the electronic exchange further based on when the trade order is modifiable and a modification message transmission time, wherein the modification message transmission time is an amount of time for the modification message to travel from the computing device to the electronic exchange, wherein the modification message comprises a modification to the trade order; and
send, using the computing device, the modification message at the determined time, wherein the modification message is not received at the electronic exchange before a modification time determined based on the period of time that the trade order is required to remain pending in the market.