System and method for trading order priority levels in an electronic trading environment
US8090641B1 · kind B1 · utility
23Cited by
16References
21Claims
0Family size
Assignee
Inventor
Key dates
| Filing date | Aug 29, 2003 |
| Grant date | Jan 3, 2012 |
| Priority date | — |
| Expiry date | Aug 23, 2027 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/0451
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system and method for trading order priority levels in an electronic trading environment are described. In one embodiment, a trader who is willing to have his order moved from a high priority level to a lower priority level in an order queue may advertise his willingness to do so, and other traders can place bids for the high priority level. In such an embodiment, for example, a bidder who places the highest bid or whose bid is received first may get the high priority level in the order queue in exchange for the paid fee.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.