System and method for setting and using a momentum liquidity replenishment price in a hybrid auction market
US7647267B2 · kind B2 · utility
5Cited by
42References
45Claims
0Family size
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Key dates
| Filing date | Jul 15, 2005 |
| Grant date | Jan 12, 2010 |
| Priority date | — |
| Expiry date | Apr 19, 2027 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/06
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
The lowest trade price for a security within a predetermined period of time is determined, and a momentum liquidity replenishment price is determined by adding the greater of a predetermined price or a predetermined percentage of the last trade price to the lowest trade price for the security for the security within the predetermined period of time. In a similar fashion, another momentum liquidity replenishment price is determined from the highest trading price of the security within predetermined period of time.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.