Patent No. 6,850,906, or Real-time financial search engine and method, was issued last month by the US Patent and Trademark Office and covers technology developed by Vhayu’s co-founders, Tejpal Chadha and Kenneth Williams.
Vhayu Velocity, the firm’s market data analysis platform, utilizes this patented technology which is currently deployed by investment banks, brokerages and hedge funds in New York, London and Tokyo.
Vhayu said its technology platform will enable investment banks, prime brokers, hedge funds, online discount brokers and alternative equity and fixed income trading systems to develop applications that require a high-frequency data store for pre-trade analysis, market sweeping for best execution, real-time compliance, storing and analyzing the entire depth-of-book, building and testing complex algorithmic trading strategies and transaction cost analysis (TCA).
The Patent Office’s invention summary said of the invention: A condensation memory in the real-time financial search engine stores financial data in compacted space that allows computation of a reduced set of numbers. The result produces a sub-second response time in providing real-time financial data to institutional or individual investors.
