{"schema_version":"1.0","canonical_url":"https://patentable.app/patents/US-9799075","patent":{"patent_number":"US-9799075","title":"Random-time auctions in an electronic trading system","assignee":null,"inventors":[],"filing_date":"2014-11-20T00:00:00.000Z","publication_date":"2017-10-24T00:00:00.000Z","cpc_codes":["G06Q"],"num_claims":26,"abstract":"A system is configured to hold price improvement auctions for customer orders for a duration that is based on a random timer. The system receives an initiating order from an auction guarantor that describes the financial instrument that a customer wishes to trade. The auction guarantor provides a guaranteed order that can fill the initiating order. A random time period to hold the auction is selected. The system solicits responses from other market participants for the financial instrument. When the random time period expires the system matches the initiating order against the responses, existing orders in an order book, and the guaranteed order."},"analysis":{"summary":null,"layman_explanation":null,"technical_analysis":null,"business_analysis":null,"faqs":null,"topics":[],"tech_cluster":null},"seo":{"title":"Random-time auctions in an electronic trading system","description":"A system is configured to hold price improvement auctions for customer orders for a duration that is based on a random timer. The system receives an initiating order from an auction guarantor that des","keywords":[]},"attribution":{"source":"Patentable","source_url":"https://patentable.app","canonical_url":"https://patentable.app/patents/US-9799075","license":"CC-BY-4.0-like","license_terms":"AI-generated analysis on this page (summary, layman_explanation, technical_analysis, business_analysis, faqs) may be reused with attribution and a visible link back to the canonical URL above. Patent abstracts, claims, and bibliographic data are USPTO public domain.","required_link":"https://patentable.app/patents/US-9799075","citation_suggestion":"Patentable. \"Random-time auctions in an electronic trading system\" (US-9799075). https://patentable.app/patents/US-9799075","copyright_holder":"Nomic Interactive Technology LLC"},"links":{"html":"https://patentable.app/patents/US-9799075","json":"https://patentable.app/api/llm-context/US-9799075","site":"https://patentable.app","llms_txt":"https://patentable.app/llms.txt"},"generated_at":"2026-06-06T08:35:04.707Z"}