Invention Grant
- Patent Title: System and method for discretionary broker quotes and pegged broker quotes
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Application No.: US18541554Application Date: 2023-12-15
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Publication No.: US12033214B2Publication Date: 2024-07-09
- Inventor: Roger Burkhardt , Anne E. Allen , Robert J. McSweeney , Louis G. Pastina
- Applicant: NYSE Group, Inc.
- Applicant Address: US NY New York
- Assignee: NYSE Group, Inc.
- Current Assignee: NYSE Group, Inc.
- Current Assignee Address: US NY New York
- Agency: DLA Piper LLP (US)
- Main IPC: G06Q40/04
- IPC: G06Q40/04

Abstract:
To represent broker interest in a security, a system receives broker interest to buy or sell a security at a first price with a minimum trade size, and receives an order with an order trade size. The system determines whether the order trade size is greater than the minimum trade size, and responsive to determining whether the order trade size is greater than the minimum trade size, the system trades at least part of the broker interest against the order if the order trade size is greater than the minimum trade size.
Public/Granted literature
- US20240127344A1 SYSTEM AND METHOD FOR DISCRETIONARY BROKER QUOTES AND PEGGED BROKER QUOTES Public/Granted day:2024-04-18
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