On-demand auction
US12307519B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Jan 29, 2024 |
| Grant date | May 20, 2025 |
| Priority date | — |
| Expiry date | Jan 29, 2044 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06F9/542
- WIPO fieldComputer technology
- WIPO sectorElectrical engineering
Abstract
A method for performing an auction implemented via an exchange computer system, including receiving, from a user device, a security transaction order, receiving a first matching order, initiating a delay timer that runs for a first period of time, determining that the first period of time has expired, initiating an auction timer that runs for a second period of time, receiving, during the second period of time, one or more additional matching orders, wherein each of the one or more additional matching orders includes a request for participation in the auction, determining that the second period of time has expired, and facilitating a transaction based on the security transaction order.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.