Automated auction protocol processor
US6560580B1 · kind B1 · utility
222Cited by
20References
31Claims
0Family size
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Key dates
| Filing date | Apr 20, 1999 |
| Grant date | May 6, 2003 |
| Priority date | — |
| Expiry date | Apr 20, 2019 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/06
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A data processing system for implementing transaction management of auction-based trading for specialized items such as fixed income instruments. The data processing system provides a highly structured trading protocol implemented through a sequence of trading paradigms. The system employs a distributed computer processing network linking together a plurality of commonly programmed controlled workstations. The protocol and its programmed controlling logic enhances trading efficiency, rewards market makers and fairly distributes market opportunity to system users.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.