Method and system for automatic execution of a securities transaction
US8924277B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Aug 15, 2001 |
| Grant date | Dec 30, 2014 |
| Priority date | — |
| Expiry date | Jun 23, 2029 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/06
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A securities transaction, such as a buy or sell order is transmitted to a securities exchange with an indicator requesting automatic execution. In one embodiment, the securities transaction has a limit price and if the limit price is equal to or better than the current quote for the security on the exchange, the transaction is automatically executed without exposing the transaction to the auction market crowd on the exchange floor for possible price improvement. In another embodiment, the securities transaction is a market order, and if otherwise eligible, the transaction is automatically executed without exposing the transaction to auction market crowd on the exchange floor for possible price improvement.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.