System and method for trading order priority levels in an electronic trading environment
US8275697B2 · kind B2 · utility
14Cited by
18References
20Claims
0Family size
Assignee
Inventor
Key dates
| Filing date | Nov 21, 2011 |
| Grant date | Sep 25, 2012 |
| Priority date | — |
| Expiry date | Nov 21, 2031 |
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.