Automated price improvement protocol processor
US6963856B2 · kind B2 · utility
140Cited by
60References
12Claims
0Family size
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Key dates
| Filing date | Sep 20, 2002 |
| Grant date | Nov 8, 2005 |
| Priority date | — |
| Expiry date | Oct 19, 2022 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/04
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Data processing systems and methods for managing transactions in auction-based trading of specialized items such as fixed income instruments are presented. 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 improves trading efficiency, rewards market Makers, and fairly distributes market opportunity to system users.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.