US 12,443,995 B1
Virtual trading floor
Scott Paul Pedersen, Barrington, IL (US); and Jordan Newmark, Evanston, IL (US)
Assigned to Cboe Exchange, Inc., Chicago, IL (US)
Filed by Cboe Exchange, Inc., Chicago, IL (US)
Filed on Feb. 8, 2024, as Appl. No. 18/436,369.
Application 18/436,369 is a continuation of application No. 17/227,018, filed on Apr. 9, 2021, granted, now 11,928,731.
Claims priority of provisional application 63/007,914, filed on Apr. 9, 2020.
This patent is subject to a terminal disclaimer.
Int. Cl. G06Q 40/00 (2023.01); G06Q 40/04 (2012.01); H04L 67/12 (2022.01); H04L 67/131 (2022.01)
CPC G06Q 40/04 (2013.01) [H04L 67/12 (2013.01); H04L 67/131 (2022.05)] 19 Claims
OG exemplary drawing
 
1. An exchange computer system comprising:
one or more user devices of a plurality of market participants conducting electronic trades in the exchange computer system;
a plurality of sensors configured to monitor the plurality of market participants and generate a continuous stream of sensor readings indicative of market participant movements, wherein the continuous stream of sensor readings includes dynamic images taken at one or more angles from at least one sensor; and
a virtual trading floor engine comprising one or more processing devices configured to execute instructions stored in one or more non-transitory machine-readable storage devices, the instructions, when executed, cause the one or more processing devices to perform operations comprising:
receiving, from the plurality of sensors through a computer network comprising the one or more user devices and configured to communicate with the exchange computer system, the continuous stream of sensor readings comprising data indicative of the market participant movements, wherein the market participant movements include hand gestures and head nods;
generating, using the continuous stream of sensor readings, a graphical user interface (GUI) displaying graphical representations of the plurality of market participants in a virtual trading floor of an exchange handled by the exchange computer system;
identifying, based on changes in a first graphical representation of a first market participant, data indicative of an open outcry trade initiated by the first market participant using a first user device; and
executing, using the data indicative of the open outcry trade, a corresponding electronic trade within the exchange computer system, including 1) matching a first financial instrument transaction order of the corresponding electronic trade to a second financial instrument transaction order, and 2) executing, by the exchange computer system, a transaction based on the first financial instrument transaction order and the second financial instrument transaction order.