Computer implemented and/or assisted methods and systems for...

Details Computer implemented and/or assisted methods and systems for... Computer implemented and/or assisted methods and systems for...

2011-06-07

2011-06-07

Maguire, Lindsay M. (Department: 3693)

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

Automated electrical financial or business practice or...

Finance

C705S03600T

Reexamination Certificate

active

07958039

ABSTRACT:
Methods and systems are provided which enable options broker-dealers to execute a listed options contract trade order while simultaneously eliminating (or at least reducing) exposure to the negative consequences associated with toxic (or likely toxic) trades in the options market. By using toxicity and/or profit analyzers, for example, to detect, track and respond to the level of toxic (or likely toxic) orders present in an option contract order flow, a broker dealer can reduce the level of risk inherent in serving as a counter-party in listed options transactions, and inherent in offering a rapid execution guarantee. Various alternative embodiments are also disclosed.

REFERENCES:
patent: 5835896 (1998-11-01), Fisher et al.
patent: 5873071 (1999-02-01), Ferstenberg et al.
patent: 5905974 (1999-05-01), Fraser et al.
patent: 5940809 (1999-08-01), Musmanno et al.
patent: 6016483 (2000-01-01), Rickard et al.
patent: 6021398 (2000-02-01), Ausubel
patent: 6112189 (2000-08-01), Rickard et al.
patent: 6173270 (2001-01-01), Cristofich et al.
patent: 6243691 (2001-06-01), Fisher et al.
patent: 6377940 (2002-04-01), Tilfors et al.
patent: 6618707 (2003-09-01), Gary
patent: 2001/0044767 (2001-11-01), Madoff et al.
patent: 2002/0019795 (2002-02-01), Madoff et al.
patent: 2002/0035534 (2002-03-01), Buist et al.
patent: 2002/0055901 (2002-05-01), Gianakouros et al.
patent: 2002/0087456 (2002-07-01), Abeshouse et al.
patent: 2002/0091606 (2002-07-01), Shapiro
patent: 2002/0095369 (2002-07-01), Kaplan et al.
patent: 2002/0156716 (2002-10-01), Adatia
patent: 2002/0161687 (2002-10-01), Serkin et al.
patent: 2002/0194105 (2002-12-01), Klein
patent: 2003/0004858 (2003-01-01), Schmitz et al.
patent: 2003/0014354 (2003-01-01), Madoff et al.
patent: 2003/0061148 (2003-03-01), Alavian
patent: 2003/0088501 (2003-05-01), Gilbert et al.
patent: 2003/0177082 (2003-09-01), Buckwalter
patent: 2003/0177085 (2003-09-01), Buckwalter et al.
patent: 2004/0002913 (2004-01-01), Breen et al.
patent: 2004/0024689 (2004-02-01), Zhou et al.
patent: 2004/0024691 (2004-02-01), Satow et al.
patent: 2004/0030630 (2004-02-01), Tilfors et al.
patent: 2005/0021445 (2005-01-01), Caro
patent: 2005/0228741 (2005-10-01), Leibowitz
patent: WO-02/09008 (2002-01-01), None
patent: WO-2004/042514 (2004-05-01), None
Battalio, R. et al. “Toward a National Market System for U.S. Exchange-listed Equity Options.” Journal of Finance, 59(2):933-962. (2004).
“Competitive Developments in the Options Market.” SEC Concept Release No. 34-49175. (Feb. 2004).
Feb. 16, 2007, International Search Report and Written Opinion for PCT Application No. PCT/US2005/036608.
Forsyth, R. W. “The Electronic Investor: What Need for Speed?” Barron's. (Jul. 5, 2004).
Glosten, L. R. et al. “Bid. Ask and Transaction Prices in a Specialist Market with Heterogeneously Informed Traders.” J. Financial Economics, 14(1):71-100. (1985).
Nov. 13, 2006. International Search Report and Written Opinion from PCT Application No. PCT/US2005/034538.
Nov. 8, 2006. PCT International Search Report and Written Opinion for PCT Application No. PCT/US2005/035792.
“Payment for Order Flow and Internalitzation in the Options Markets.” SEC Special Study, Office of Compliance and Examination/Office of Economic Analysis. (Dec. 2000).
Simon, R. “Brokerages Battle for Active Traders.” Wall Street Journal. (Jun. 22, 2004).
Tunick, B. E. “Playing the wires: ATD's trading technology is ahead of the curve, but can it reel in retail brokerages?” Investment Dealer's Digest (Nov. 10, 2003).
U.S. Appl. No. 60/613,793, filed Sep. 27, 2004, Griffin et al.

Affiliated with

Also associated with

Rating

Computer implemented and/or assisted methods and systems for... does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with Computer implemented and/or assisted methods and systems for..., we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Computer implemented and/or assisted methods and systems for... will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFUS-PAI-O-2632892