Invention Publication
- Patent Title: CLOSING IN AN ELCTRONIC MARKET
- Patent Title (中): 闭幕在电子市场
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Application No.: EP05741790.9Application Date: 2005-04-27
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Publication No.: EP1810236A2Publication Date: 2007-07-25
- Inventor: HATHEWAY, Frank , MOORE, Daniel F. , COX, Timothy E. , MARTYN, Peter J. , FRANKS, Dan Barnard , NUNES, Adam Seth , ALBERS, Oliver
- Applicant: The Nasdaq Stock Market, Inc.
- Applicant Address: Office of the General Counsel 9513 Key West Avenue Rockville, MD 20850 US
- Assignee: The Nasdaq Stock Market, Inc.
- Current Assignee: The Nasdaq Stock Market, Inc.
- Current Assignee Address: Office of the General Counsel 9513 Key West Avenue Rockville, MD 20850 US
- Agency: Charig, Raymond Julian
- Priority: US835510 20040428
- International Announcement: WO2005104760 20051110
- Main IPC: G06Q40/00
- IPC: G06Q40/00
Abstract:
A method for trading a security in an electronic market includes receiving closing orders and orders for the security traded in the electronic market, disseminating an order imbalance indicator indicative of predicted trading characteristics of the security at the close of trading, determining a closing price for the security based on the closing orders and orders, and executing at least some of the closing orders at the determined closing price.
Information query
