System and method for performing automatic spread trading

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance

Reexamination Certificate

Rate now

  [ 0.00 ] – not rated yet Voters 0   Comments 0

Details

C715S252000, C715S252000, C715S252000, C715S252000

Reexamination Certificate

active

11417533

ABSTRACT:
The present embodiments are provided to facilitate the automatic trading of spreads in a fast and accurate manner. One or more market data feeds that contain market information for tradeable objects are received at an exchange. A spread data feed is generated in response to the market data feeds and from one or more spread setting parameters, which can be entered by a user. The spread data feed is preferably displayed in a spread window as bid and ask quantities associated with an axis or scale of prices. The user can enter orders in the spread window and the legs will be automatically worked to achieve, or attempt to achieve, the spread. In addition, other tools disclosed herein may be utilized to assist the user in making such trades.

REFERENCES:
patent: 4588192 (1986-05-01), Laborde
patent: 4674044 (1987-06-01), Kalmus
patent: 4750135 (1988-06-01), Boilen
patent: 4903201 (1990-02-01), Wagner
patent: 5038284 (1991-08-01), Kramer
patent: 5077665 (1991-12-01), Silverman
patent: 5101353 (1992-03-01), Lupien
patent: 5136501 (1992-08-01), Silverman
patent: 5270922 (1993-12-01), Higgins
patent: 5297031 (1994-03-01), Gutterman
patent: 5297032 (1994-03-01), Trojan
patent: 5689651 (1997-11-01), Lozman
patent: 5774877 (1998-06-01), Patterson
patent: 5787402 (1998-07-01), Potter et al.
patent: 5793301 (1998-08-01), Patterson
patent: 5797002 (1998-08-01), Patterson
patent: 5806050 (1998-09-01), Shinn et al.
patent: 5845266 (1998-12-01), Lupien
patent: 5915245 (1999-06-01), Patterson
patent: 5924082 (1999-07-01), Silverman
patent: 5924083 (1999-07-01), Silverman
patent: 5946667 (1999-08-01), Tull
patent: 5963923 (1999-10-01), Garber
patent: 6012046 (2000-01-01), Lupien
patent: 6014643 (2000-01-01), Minton
patent: 6035287 (2000-03-01), Stallaert
patent: 6098051 (2000-08-01), Lupien
patent: 6131087 (2000-10-01), Luke
patent: 6134535 (2000-10-01), Belzberg
patent: 6195647 (2001-02-01), Martyn
patent: 6272474 (2001-08-01), Garcia
patent: 6278982 (2001-08-01), Korhammer
patent: 6282521 (2001-08-01), Howorka
patent: 6408282 (2002-06-01), Buist
patent: 6418419 (2002-07-01), Nieboer
patent: 6519574 (2003-02-01), Wilton et al.
patent: 6766304 (2004-07-01), Kemp
patent: 6912511 (2005-06-01), Eliezer et al.
patent: 6996540 (2006-02-01), May
patent: 7110974 (2006-09-01), Rust
patent: 7177833 (2007-02-01), Marynowski et al.
patent: 7225153 (2007-05-01), Lange
patent: 2001/0042040 (2001-11-01), Keith
patent: 2001/0044770 (2001-11-01), Keith
patent: 2001/0049651 (2001-12-01), Selleck
patent: 2001/0051909 (2001-12-01), Keith
patent: 2002/0023038 (2002-02-01), Fritsch
patent: 2002/0046146 (2002-04-01), Otero
patent: 2002/0046149 (2002-04-01), Otero
patent: 2002/0046151 (2002-04-01), Otero
patent: 2002/0046156 (2002-04-01), Horn
patent: 2002/0049661 (2002-04-01), Otero
patent: 2002/0055899 (2002-05-01), Williams
patent: 2002/0059129 (2002-05-01), Kemp
patent: 2002/0091617 (2002-07-01), Keith
patent: 2002/0099644 (2002-07-01), Kemp
patent: 2002/0128950 (2002-09-01), Wu
patent: 2002/0138401 (2002-09-01), Allen
patent: 2002/0188555 (2002-12-01), Lawrence
patent: 2002/0194115 (2002-12-01), Nordlicht et al.
patent: 2003/0004852 (2003-01-01), Burns
patent: 2003/0004853 (2003-01-01), Ram
patent: 2003/0009411 (2003-01-01), Ram et al.
patent: 2003/0014351 (2003-01-01), Neff et al.
patent: 2003/0023542 (2003-01-01), Kemp
patent: 2003/0033235 (2003-02-01), Hummelgren
patent: 2003/0069830 (2003-04-01), Morano et al.
patent: 2003/0101125 (2003-05-01), McGill et al.
patent: 2003/0130929 (2003-07-01), Waddell
patent: 2003/0154152 (2003-08-01), Gilbert et al.
patent: 2003/0200167 (2003-10-01), Kemp
patent: 2005/0154668 (2005-07-01), Burns
patent: 2006/0259409 (2006-11-01), Burns
patent: 2006/0259412 (2006-11-01), Kemp et al.
patent: 1067471 (2001-01-01), None
patent: 1104904 (2001-06-01), None
patent: 1217564 (2002-06-01), None
patent: 1217564 (2002-07-01), None
patent: 1246111 (2002-10-01), None
patent: WO9114231 (1991-09-01), None
patent: WO95/26005 (1995-09-01), None
patent: WO9849639 (1998-11-01), None
patent: WO9919821 (1999-04-01), None
patent: WO99/30259 (1999-06-01), None
patent: WO9953424 (1999-10-01), None
patent: WO00/51043 (2000-08-01), None
patent: WO00/52619 (2000-09-01), None
patent: WO00/62187 (2000-10-01), None
patent: WO0062187 (2000-10-01), None
patent: WO00/65510 (2000-11-01), None
patent: WO01/16830 (2001-03-01), None
patent: WO01/16852 (2001-03-01), None
patent: WO01/22266 (2001-03-01), None
patent: WO01/22315 (2001-03-01), None
patent: WO0122315 (2001-03-01), None
patent: WO0165403 (2001-09-01), None
patent: WO01/88808 (2001-11-01), None
patent: WO02/33621 (2002-04-01), None
patent: WO02/33623 (2002-04-01), None
patent: WO02/33635 (2002-04-01), None
patent: WO02/33636 (2002-04-01), None
patent: WO02/33637 (2002-04-01), None
patent: WO0229686 (2002-04-01), None
patent: WO02/47006 (2002-06-01), None
patent: WO0116852 (2002-06-01), None
patent: WO02/079940 (2002-10-01), None
patent: WO02/080433 (2002-10-01), None
patent: WO02/097580 (2002-12-01), None
patent: WO02103601 (2002-12-01), None
patent: WO03090032 (2003-10-01), None
patent: WO03090032 (2003-10-01), None
Chan et al. “The Intraday Behavior of Bid-Ask Spreads for NYSE Stocks and CBOE Options”, The Journal of Financial and Quantitative Analysis, vol. 30, No. 3. (Sep. 1995), pp. 329-346.
Thomas J. George; Francis A. Longstaff “Bid-Ask spreads and Trading Activity in the S&P 100 Index Options Market”, The Journal of Financial and Quantitative Analysis, vol. 28, No. 3. (Sep. 1993), pp. 381-397.
International Search Report and Written Opinion issued in PCT/US05/09180.
International Search Report for PCT/US03/06445.
USPTO Presentation, NASDAQ, Nov. 8, 2001.
Kharouf, A Trading Room with a View, Futures, 27,11—Nov. 1998.
www.tradingtechnologies.com/products/xtrade—full.html (viewed May 22, 2001) Jun. 9, 2000.
MTS News—Mar. 2002.
Clark et al., Dec. 1992 “Seasonalities in NYSE Bid-Ask Spreads and Stock Returns in January”, The Journal of Finance, vol. 47, No. 5 (Dec. 1992) pp. 1999-2014.
McInish et al., “An Analysis of Intraday Patterns in BidAsk Spreads for NYSE Stocks”, The Journal of Finance, vol. 47, No. 2 (Jun. 1992), pp. 753-764.

LandOfFree

Say what you really think

Search LandOfFree.com for the USA inventors and patents. Rate them and share your experience with other people.

Rating

System and method for performing automatic spread trading 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 performing automatic spread trading, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and System and method for performing automatic spread trading will most certainly appreciate the feedback.

Rate now

     

Profile ID: LFUS-PAI-O-3948777

  Search
All data on this website is collected from public sources. Our data reflects the most accurate information available at the time of publication.