Method and system for maintaining an order on a selected market center with maximum price exemption parameter
US7873561B1 · kind B1 · utility
50Cited by
35References
48Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | May 5, 2005 |
| Grant date | Jan 18, 2011 |
| Priority date | — |
| Expiry date | Dec 11, 2027 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/04
- 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. In a market which allows price exemptions, the market center and process disclosed hide a received market center-restricted order which technically crosses or locks the away market, but would be marketable if an acceptable contra-side order was then available in the posting market center's internal order book. The posting market center then maintains this hidden order until it is fully executed, is canceled or can be displayed on the public order book.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.