Automated price improvement protocol processor
US6850907B2 · kind B2 · utility
308Cited by
63References
113Claims
0Family size
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Key dates
| Filing date | Dec 18, 1998 |
| Grant date | Feb 1, 2005 |
| Priority date | — |
| Expiry date | Dec 18, 2018 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/04
- 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 configured program controlled workstations. The protocol and its program 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.