- Patent Title: Controlling traders from manipulating electronic trading markets
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Application No.: US14286051Application Date: 2014-05-23
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Publication No.: US10223747B2Publication Date: 2019-03-05
- Inventor: Andrew C. Gilbert , Andrew Stergiopoulos , William P. Tselepis
- Applicant: BGC Partners, Inc.
- Applicant Address: US NY New York
- Assignee: BGC PARTNERS, INC.
- Current Assignee: BGC PARTNERS, INC.
- Current Assignee Address: US NY New York
- Main IPC: G06Q40/00
- IPC: G06Q40/00 ; G06Q40/04 ; G06Q40/06 ; G06Q50/18

Abstract:
Systems and methods are provided to control gaming in electronic trading markets. These systems and methods alleviate the problem of a seller or buyer trying to act on a trader's original bid or offer only to trade at an unfavorable level after the trader changes the bid or offer. A pricing method suspends trading for a period of time if a price difference between two bids or offers by the same trader is too great. A timing method prevents a trader from canceling or replacing a bid or offer for a period of time. These methods provide a more fair and efficient way of executing electronic trades.
Public/Granted literature
- US20140258078A1 CONTROLLING TRADERS FROM MANIPULATING ELECTRONIC TRADING MARKETS Public/Granted day:2014-09-11
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