Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2008-09-09
2008-09-09
Garg, Yogesh C (Department: 3625)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S03600T, C705S035000
Reexamination Certificate
active
11243951
ABSTRACT:
A system for determining an opening price for products traded over a distributed, networked computer system is described. The system includes a plurality of workstations for entering orders for financial products into the distributed, networked computer system, said orders specifying a quantity of the financial product. A plurality of workstations for entering orders and a server computer coupled to the workstations, said server computer executing a server process that determines an opening price for the product. The opening price process posting an allocation message to market maker participants to communicate an expected allocation of the imbalance for execution at an initial opening of the market in the event that the imbalance exists at the opening.
REFERENCES:
patent: 5038284 (1991-08-01), Kramer
patent: 6016483 (2000-01-01), Rickard et al.
patent: 6035287 (2000-03-01), Stallaert et al.
patent: 6125391 (2000-09-01), Meltzer et al.
patent: 6161098 (2000-12-01), Wallman
patent: 6505174 (2003-01-01), Keiser et al.
patent: WO 98/12659 (1998-03-01), None
Wright, David J.; “Technology and performance: the evolution of market mechanisms;” Business Horizons; v 32, n6, p. 65(5); Nov.-Dec. 1989.
Chan et al.; “Market structure and the intraday pattern of bid-ask spreads for NASDAQ securities;” Journal of Business; v. 68, No. 1, p. 35(26); Jan. 1995.
“The New York Stock Exchange fears that its specialist system may be over-loaded;” Wall Street Journal 3 Star, Eastern SP Edition; p. 331; Jan. 19, 1983.
Corwin, Shane A.; “Differences in trading behavior across NYSE specialist firms;” Journal of Finance; 54, 2, 721(2); Apr. 1999.
“Plan for the Purpose of Creating and Operating an Intermarket Communications Linkage Pursuant to Section 11A(a)(3)(B) of the Securities Exchange Act of 1934”, May 21, 1991.
Madoff Peter B.
Margolin Andrew S.
Shipway Glen R.
Garg Yogesh C
Primex Holdings LLC
White & Case LLP
LandOfFree
Opening price process for 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 Opening price process for trading system, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Opening price process for trading system will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-3956762