Systems and methods for increasing participation of liquidity providers on crossing system
US8447649B1 · kind B1 · utility
9Cited by
1References
2Claims
0Family size
Assignee
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Key dates
| Filing date | Jun 28, 2011 |
| Grant date | May 21, 2013 |
| Priority date | — |
| Expiry date | Jun 28, 2031 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0207
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
In one aspect, the invention comprises a system for enabling a crossing system operator to calculate a rebate payment to a second participant for executing the block order of a first participant based on at least one of: (a) a difference between a benchmark price and an execution price of the block order; (b) total volume of block execution; and (c) an amount that decays exponentially with the time between the first participant's order and the order's execution by a liquidity provider.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.