Price improvement in electronic trading system

Details Price improvement in electronic trading system Price improvement in electronic trading system

2005-08-05

2010-06-22

Patel, Jagdish N (Department: 3693)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

Reexamination Certificate

active

07742975

ABSTRACT:
Price improvement in credit screened trading systems is achieved by entering a maximum price improvement (MPI) amount with a maker quote. The system prepares separate quote queues for each trading floor including only quotes where bilateral credit exists. Quotes are arranged using Price, MPI, time priority. When a quote is dealt, a dealable price improvement is calculated as the amount of the MPI required to improve the dealt quote's position in the queue.

REFERENCES:
patent: 5375055 (1994-12-01), Togher et al.
patent: 6282521 (2001-08-01), Howorka
patent: 6850907 (2005-02-01), Lutnick et al.
patent: 6963856 (2005-11-01), Lutnick et al.
patent: 7392214 (2008-06-01), Fraser et al.
patent: 7398244 (2008-07-01), Keith
patent: 7496533 (2009-02-01), Keith
patent: 7539638 (2009-05-01), Keith
patent: 7613650 (2009-11-01), Smith et al.
patent: 7644027 (2010-01-01), Keith
patent: 2001/0042040 (2001-11-01), Keith
patent: 2001/0044770 (2001-11-01), Keith
patent: 2001/0051909 (2001-12-01), Keith
patent: 2002/0010673 (2002-01-01), Muller et al.
patent: 2002/0091617 (2002-07-01), Keith
patent: 2002/0169703 (2002-11-01), Lutnick et al.
patent: 2003/0149636 (2003-08-01), Lutnick et al.
patent: 2004/0034591 (2004-02-01), Waelbroeck et al.
patent: 2004/0059666 (2004-03-01), Waelbroeck et al.
patent: 2004/0210511 (2004-10-01), Waelbroeck et al.
patent: 2004/0243505 (2004-12-01), Sweeting et al.
patent: 2005/0160032 (2005-07-01), Lutnick et al.
patent: 2006/0020536 (2006-01-01), Renton et al.
patent: 2006/0069637 (2006-03-01), Lutnick et al.
patent: 2006/0229967 (2006-10-01), Sweeting
patent: 399850 (1990-11-01), None
patent: A 2389687 (2003-12-01), None
patent: WO01/57752 (2001-08-01), None
patent: WO-01/98959 (2001-12-01), None
patent: WO01/98960 (2001-12-01), None
patent: WO2004/045214 (2004-05-01), None

Affiliated with

Also associated with

Rating

Price improvement in electronic trading system does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with Price improvement in electronic trading system, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Price improvement in electronic trading system will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFUS-PAI-O-4157779