Order price threshold for automated market system

Details Order price threshold for automated market system Order price threshold for automated market system

2002-10-08

2008-07-29

Cheung, Mary (Department: 3694)

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

Automated electrical financial or business practice or...

Finance

C705S035000, C705S03600T

Reexamination Certificate

active

07406444

ABSTRACT:
A method for trading a security in an electronic market includes entering an order at a client station for executing against any market participant that can at least in part satisfy the order, determining a threshold for executing the entered order based on an inside price of the security in the electronic market, matching a portion of the entered order at a server system against interest in the market that does not exceed the determined threshold, and returning any unmatched portion of the entered order that can not be matched by the interest in the market without exceeding the determined threshold.

REFERENCES:
patent: 5689652 (1997-11-01), Lupien et al.
Rozen, Steve; “Using a relational system on Wall Street: the good, the bad, the ugly, and the ideal”, Communications of the ACM, vol. 32(8), p. 988(7), Aug. 1989.
SR-NASD-99-53—Amendment No. 1, NASD, Oct. 26, 1999, 26 pages.
SR-NASD-99-53—Amendment No. 2, NASD, Oct. 29, 1999, 1 page.
SR-NASD-99-53—Amendment No. 3 and Response to Comments, NASD, Mar. 22, 2000, 39 pages.
SR-NASD-99-53—Amendment No. 4, NASD, Mar. 23, 2000, 53 pages.
SR-NASD-99-53—Amendment No. 5 and Second Response to Comments, NASD, May 16, 2000, 35 pages.
SR-NASD-99-53—Amendment No. 6, NASD, Jul. 6, 2000, 29 pages.
SR-NASD-99-53—Securities and Exchange Commission, Proposed Rule Change, Amendment No. 8, NASD, Oct. 20, 2000, 123 pages.
SR-NASD-99-53—Amendment No. 9, NASD, Jan. 8, 2001, 3 pages.
“SEC Approves Amendments To Legal Definition Of Short Sale” Oct. 1997Notice to Members 97-74(pp. 545-546).

Affiliated with

Also associated with

Rating

Order price threshold for automated market 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 Order price threshold for automated market system, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Order price threshold for automated market system will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFUS-PAI-O-3968795