Monitoring market participant responses

US7310620B2 · kind B2 · utility

Assignee

• The Nasdaq Stock Market, Inc. · US

Inventors

• Daniel F. Moore · New Haven, US
• Carolyn A. Nalbandian · Fairfield, US
• George David Easterbrook, Jr. · Litchfield, US
• Santino Failla · Southington, US
• Sherilyn Smith Belcher · Baltimore, US

Key dates

• Filing date: Jul 25, 2002
• Grant date: Dec 18, 2007
• Expiry date: Nov 21, 2023

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/382
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method of monitoring orders includes sending a message to a market participant that accepts order deliveries for execution and monitoring an amount of time between sending the message to the market participant and receipt of a response message from the market participant. The method can also include logging an amount of occasions the market participant does not respond within a pre-specified amount of time.