Quote depletion protection
US12062091B1 · kind B1 · utility
Assignee
Inventor
Key dates
| Filing date | Mar 1, 2021 |
| Grant date | Aug 13, 2024 |
| Priority date | — |
| Expiry date | Mar 1, 2041 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/04
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Systems and techniques are described for implementing quote depletion protection via an exchange computer system. In some implementations, a financial instrument transaction order (e.g., a midpoint discretionary order for a financial instrument) with an instruction to apply quote depletion protection is received from a user device. Market conditions associated with the financial instrument transaction order (e.g., a National Best Bid (“NBB”) or National Best Offer (“NBO”)) are monitored. A quote depletion protection profile related to the financial instrument transaction order is accessed. An operation is then performed based on the market conditions and the quote depletion protection profile. The operation includes preventing execution of the order at a price between the NBB and NBO, or preventing execution of the order at a price between the NBB and NBO unless it can be executed at less than a threshold price differential relative to the NBB or NBO.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.