Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2006-05-02
2008-11-18
Kramer, James A. (Department: 3693)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S035000
Reexamination Certificate
active
07454382
ABSTRACT:
A user can submit an order to buy or sell a tradeable object, only the order does not get sent to the matching engine. Instead, the order is placed in temporary storage and it is displayed to the user in the form of a virtual order icon. The virtual order icon indicates that an order request is waiting for an event to occur before it is automatically released to the matching engine. The virtual order icon can be managed by the user, which might include moving the icon to a different price level or deleting it. The system continuously monitors for an event to take place. In response to detecting the event, the order is released to the matching engine. As such, the virtual order icon is transformed or removed and a real order icon is displayed indicating that the order has now been sent to the matching engine.
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patent: 5787402 (1998-07-01), Potter et al.
patent: 6532460 (2003-03-01), Amanat et al.
patent: 6938011 (2005-08-01), Kemp, II et al.
patent: 2002/0052827 (2002-05-01), Waelbroeck et al.
Co-Pending U.S. Appl. No. 10/807,762 filed Mar. 24, 2004.
Kramer James A.
McDonnell Boehnen & Hulbert & Berghoff LLP
Trading Technologies International Inc.
Vezeris James A
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