Method and system for maintaining an order on a selected market center
US7765137B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | May 5, 2005 |
| Grant date | Jul 27, 2010 |
| Priority date | — |
| Expiry date | Mar 15, 2027 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/06
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A posting market center and process are disclosed for maintaining a market center-restricted order on a selected market center. The market center and process disclosed aggressively maintain a market center-restricted order that would normally lock or cross an away market by initially pricing the order a tick increment away from the contra side market best bid or offer and then dynamically re-pricing the order in increasing aggressiveness as the away market best bid or offer moves its quotes further away from the order's currently displayed price. The disclosed market center-restricted order stands its ground to an updated away market best bid or offer that moves to its price or through it.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.