Match-off of order flow in electronic market system
US8239303B2 · kind B2 · utility
3Cited by
16References
23Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | Sep 23, 1999 |
| Grant date | Aug 7, 2012 |
| Priority date | — |
| Expiry date | Jun 21, 2024 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/04
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A market system that includes an internal execution process is described. The system includes an order execution process that receives orders and matches orders against quotes posted in the system on a time priority basis and an order match-off process that checks if a market participant identification associated with a received order matches a market participant identification representing a quote in the system that is at the best bid or best offer price in the system.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.