Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2006-05-16
2006-05-16
Kazimi, Hani M. (Department: 3624)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S035000, C705S037000
Reexamination Certificate
active
07047218
ABSTRACT:
A method and apparatus for aggregating, netting, and executing securities trades on behalf of customers expressing orders in both share and dollar amounts without assuming unwanted risk. Where a brokerage receives orders from customers in both dollar and share amounts, the brokerage can aggregate and net the orders, executing the outstanding orders through a market maker. The number of shares to order through the market maker depends on the price at which the market maker can execute. Rather than present the market maker with a conventional order, the brokerage presents the market maker with a schedule of orders for different possible execution prices.
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FOLIOfn, Inc.
Karmis Stefano
Kazimi Hani M.
Kenyon & Kenyon LLP
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