System and method for providing workup trading

Details System and method for providing workup trading System and method for providing workup trading

2008-07-01

2010-11-09

Cheung, Mary (Department: 3694)

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

Automated electrical financial or business practice or...

Finance

C705S035000

Reexamination Certificate

active

07831504

ABSTRACT:
A trading system matches a passive order to buy or sell an item at a price with an aggressive order to hit or lift the item at that price. A workup is initiated during which other parties can submit additional orders at the passive order price. A further order may be submitted during workup with a better price. If the amount at the better price equals or exceeds a threshold value and it can be traded at the better price, the workup is terminated and a new workup initiated at the better price.

REFERENCES:
patent: 5905974 (1999-05-01), Fraser et al.
patent: 6560580 (2003-05-01), Fraser et al.
patent: 7379898 (2008-05-01), Tenorio
patent: 7383220 (2008-06-01), Keith
patent: 7698208 (2010-04-01), Hirani et al.
patent: 2002/0091617 (2002-07-01), Keith
patent: 2004/0034591 (2004-02-01), Waelbroeck et al.
patent: 2004/0210512 (2004-10-01), Fraser et al.
patent: 2005/0055304 (2005-03-01), Lutnick et al.
patent: 2005/0091142 (2005-04-01), Renton et al.
patent: 2005/0160032 (2005-07-01), Lutnick et al.
patent: 1256895 (2002-11-01), None
patent: WO-98/26363 (1998-06-01), None
patent: WO-00/38093 (2000-06-01), None
patent: WO-2007/082219 (2007-07-01), None
Jian Yao, Market Making in the Interbank Foreign Exchange Market, Nov. 15, 1996, JP Morgan Chase, web, 1-5.

Affiliated with

Also associated with

Rating

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

Rate now

Comments { 0 }

Profile ID: LFUS-PAI-O-4229357