Data processing: financial – business practice – management – or co – Business processing using cryptography – Secure transaction
Reexamination Certificate
2002-01-14
2008-07-29
Fischer, Andrew J. (Department: 3621)
Data processing: financial, business practice, management, or co
Business processing using cryptography
Secure transaction
C705S002000, C705S035000, C705S03600T, C705S037000
Reexamination Certificate
active
07406447
ABSTRACT:
A system for determining an opening price for products traded over a distributed, networked computer system, includes a plurality of workstations for entering orders for financial products into the distributed, networked computer system and a server computer coupled to the workstations for receiving the orders. The server computer executes a server process that determines an opening price for the product. The server process identifies the oldest of interest at the most aggressive price on each side of the market and selects the older interest of the identified interest to designate as initial interest. The server process matches initial interest against all contra side interest.
REFERENCES:
patent: 6016483 (2000-01-01), Rickard et al.
patent: 2002/0019795 (2002-02-01), Madoff et al.
patent: 2002/0156719 (2002-10-01), Finebaum et al.
patent: 2003/0229563 (2003-12-01), Moore et al.
DeNat Mark
Eng Yek
Friedman Bruce E.
Galus Michael
Hughes John
Fischer Andrew J.
Fish & Richardson P.C.
Sherr Cristina Owen
The NASDAQ OMX Group, Inc.
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-3968773