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System and method of utilizing a distributed order book in an electronic trade match engine

  • US 10,163,151 B2
  • Filed: 11/18/2011
  • Issued: 12/25/2018
  • Est. Priority Date: 03/11/2005
  • Status: Active Grant
First Claim
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1. A system configured to create an outward appearance of a single order book, the system comprising:

  • a first match engine located at a first geographic location, wherein the first match engine is configured to match orders using a first order book;

    a second match engine located at a second geographic location remote from the first location, wherein the first match engine and the second match engine are not equidistant from a computer device transmitting an order, and wherein the second match engine is configured to match orders using a second order book; and

    a shared memory communicatively coupled, over a data network that connects the first match engine and the second match engine and is configured to carry status messages that synchronize at least one of;

    the first order book and the second order book, to the first match engine and the second match engine, wherein the first match engine is programmed to transmit, over the data network, minimal order information to the second match engine to determine that a best price available to match the order is at the second order book of the second match engine instead of at the first order book.

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