Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2007-01-09
2007-01-09
Hewitt, II, Calvin L. (Department: 3621)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S001100, C705S026640, C705S035000
Reexamination Certificate
active
10242532
ABSTRACT:
A system for auctioning financial products over a distributed, networked computer system includes a plurality of workstations for entering orders for financial products into the distributed, networked computer system. The orders specify a price for the financial product, a quantity of the financial product and exposure time which the order can remain active. The system also includes a plurality of workstations for entering predefined relative indication and responses to orders for the product. The predefined relative indications specify a willingness to trade. The responses specify a price and quantity. The system includes a server computer coupled to the workstations for entering the orders, predefined relative indications, and the responses, with the server computer executing a server process that for a first one of said orders, determines a match to said first order with the predefined relative indications, responses and contra-side orders during an interval determined by the exposure time specified by said first order.
REFERENCES:
patent: 5136501 (1992-08-01), Silverman et al.
patent: 5689652 (1997-11-01), Lupien et al.
patent: 6012046 (2000-01-01), Lupien et al.
patent: 05324690 (1993-12-01), None
Barron's, “Economic beat: A new exchange in Arizona brings an old twist to stock trading”, Gene Epstein, v76, Iss. 52, p. 26.
Casanova Alberto C.
Keith Christopher
Madoff Peter B.
Hewitt II Calvin L.
Primex Holdings LLC
LandOfFree
Auction market with price improvement mechanism does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Auction market with price improvement mechanism, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Auction market with price improvement mechanism will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-3817815