Exchange trading system and method having a variable maker-taker model
US8719144B2 · kind B2 · utility
Assignee
Inventor
Key dates
| Filing date | Sep 15, 2010 |
| Grant date | May 6, 2014 |
| Priority date | — |
| Expiry date | Feb 11, 2031 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/04
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method is described for providing one of a plurality of maker-taker pricing models to a system connected with the exchange system. The method includes the steps of an exchange server receiving from a first market participant of the exchange a marked order at the exchange connected to a database, the marked order marked with an indication of an expected rebate amount for trading orders; associating the marked order with an order from a second market participant of the exchange stored in a database configured to receive and store orders having varying rebate amounts according to the expected rebate amount; and executing the marked order according to the indication of an expected rebate amount. An exchange system for accessing at least one maker-taker pricing model for executing a trade on an exchange is also disclosed.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.