公开(公告)号：US20240127336A1

公开(公告)日：2024-04-18

申请号：US18046806

申请日：2022-10-14

Applicant: Microsoft Technology Licensing, LLC

Inventor： Prateesh GOYAL ,  Ilias MARINOS ,  Ranveer CHANDRA ,  Mark Eugene RUSSINOVICH

IPC: G06Q40/04

CPC classification number: G06Q40/04

Abstract: Examples are disclosed that relate to fairly ordering financial market trades received from different market participant computers via a cloud computing network. In one example, a plurality of trades generated by a plurality of market participant computers are received. The trades are generated based at least on a financial market data point received by the plurality of market participant computers. Each trade is tagged with a delivery clock time stamp that tracks time in relation to financial market events that occur at a corresponding market participant computer. The trades are ordered based on the delivery clock time stamps and sent to a central exchange server computer. The central exchange server computer processes the trades.