Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Discount or incentive
Reexamination Certificate
2011-08-09
2011-08-09
Lastra, Daniel (Department: 3688)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Discount or incentive
Reexamination Certificate
active
07996261
ABSTRACT:
In one aspect, the invention comprises a system for enabling a crossing system operator to calculate a rebate payment to a second participant for executing the block order of a first participant based on at least one of: (a) a difference between a benchmark price and an execution price of the block order; (b) total volume of block execution; and (c) an amount that decays exponentially with the time between the first participant's order and the order's execution by a liquidity provider.
REFERENCES:
patent: 7136834 (2006-11-01), Merrin et al.
patent: 2004/0088242 (2004-05-01), Ascher et al.
patent: 2005/0102218 (2005-05-01), Sargent et al.
EP Appln. No. 05729202 Supplementary European Search Report, Feb. 5, 2008.
Domowitz I: “A Taxonomy of Automated Trade Execution Systems”, Journal of International Money and Finance of Butterworth Scientific, Guildford, GB, vol. 12, 1993, pp. 607-632.
Hendershott T: “Electronic Trading in Financial Markets”, IT Pro, Jul./Aug. 2003, pp. 10-14.
Madden, Bartley J.;Structural Changes in Trading Stocks; The Journal of Portfolio Management; 1993, No. 10093; pp. 19-27.
Federspiel Fred J.
Gamse Brent
Waelbroeck Henri
Cowan Liebowitz & Latman
Lastra Daniel
Pipeline Financial Group, Inc.
Underwood Steven D.
LandOfFree
Systems and methods for increasing participation of... does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Systems and methods for increasing participation of..., we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Systems and methods for increasing participation of... will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-2691738