Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2010-02-12
2011-11-29
Akintola, Olabode (Department: 3691)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S035000
Reexamination Certificate
active
08069110
ABSTRACT:
A method and system for facilitating trading of financial instruments in a market are provided. The system comprises a server and an interface. The interface is configured to enable buy orders and sell orders to be entered. Each order has a price, a volume, and an entry time and relates to a respective futures contract. The server is configured to match received buy orders having a first price to received sell orders having the first price. The match is effected by ensuring that the prices match, and then using the volume and entry time for each buy order and each sell order to assign a weight of time relative to volume, and then using the weights to determine each match. The server uses the matches to complete respective trades. The weights may be adjusted based on market conditions.
REFERENCES:
Search Notes and References from U.S. Appl. No. 11/537,733 now U.S. Patent No. 7,689,500 (not added as attachments; see Application for U.S. Patent No. 7,689,500).
Quick Reference Guide Trading Eurex Release 6.0, Eurex, Mar. 2003.
Quick Reference Guide Eurex Market Model, Eurex, Jan. 2007.
Pro-Rata Matching and the Order Book Dynamics of Fixed Income Futures, Jonathan Field and Jeremy Large, Aug. 30, 2007.
Akintola Olabode
Campbell Kellie
Katten Muchin & Rosenman LLP
NYSE Life Administration and Management
LandOfFree
System and method for facilitating trading in an electronic... does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with System and method for facilitating trading in an electronic..., we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and System and method for facilitating trading in an electronic... will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-4306022