Systems and methods for controlling traders from manipulating electronic trading markets
US7392217B2 · kind B2 · utility
24Cited by
5References
13Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | May 9, 2001 |
| Grant date | Jun 24, 2008 |
| Priority date | — |
| Expiry date | Dec 24, 2024 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q50/188
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Systems and methods are provided to control gaming in electronic trading markets. These systems and methods alleviate the problem of a seller or buyer trying to act on a trader's original bid or offer only to trade at an unfavorable level after the trader changes the bid or offer. A pricing method suspends trading for a period of time if a price difference between two bids or offers by the same trader is too great. A timing method prevents a trader from canceling or replacing a bid or offer for a period of time. These methods provide a more fair and efficient way of executing electronic trades.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.