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Order processing apparatus and method

  • US 7,933,823 B1
  • Filed: 09/17/1998
  • Issued: 04/26/2011
  • Est. Priority Date: 09/17/1997
  • Status: Expired due to Fees
First Claim
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1. An apparatus for processing trading orders, said apparatus comprising a central server connected to a plurality of terminals on which user orders are to be entered, wherein said central server comprises:

  • communication means for receiving user orders from said terminals via a network;

    first storage means for storing received user orders as an array whose elements define a particular first resource ordered by a particular user;

    second storage means for storing an array of coefficients, where each coefficient of the array represents the proportion of a particular order that is to be satisfied; and

    processing means for retrieving said orders from said first storage means, calculating an optimized set of values of said coefficients with respect to at least one predetermined constraint and at least one predetermined criterion, and storing said optimized coefficient values in said second storage means,said communication means also being for transmitting the processed orders and their respective coefficients.

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