Hybrid trading system for concurrently trading securities or derivatives through both electronic and open-outcry trading mechanisms
US11151650B2 · kind B2 · utility
1Cited by
87References
6Claims
0Family size
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Key dates
| Filing date | Sep 13, 2019 |
| Grant date | Oct 19, 2021 |
| Priority date | — |
| Expiry date | Sep 18, 2039 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/00
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system and method of allocating orders in an exchange configured for trading by a combination of electronic and open-outcry trading mechanisms is provided. One method includes permitting multiple quotes to be disseminated to the market, but limiting market making to only those entities having a physical presence on the floor of the exchange. Methods of enhancing the hybrid electronic and open-outcry exchange also include automatically eliminating crossed quotes and locked quotes while permitting certain orders to trade against locked quotes.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.