Invention Grant
- Patent Title: Automated execution system having participation
- Patent Title (中): 自动执行系统有参与
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Application No.: US09896061Application Date: 2001-06-29
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Publication No.: US07653584B2Publication Date: 2010-01-26
- Inventor: David J. Schmitz , Eileen Smith , Anthony Montesano
- Applicant: David J. Schmitz , Eileen Smith , Anthony Montesano
- Applicant Address: US IL Chicago
- Assignee: Chicago Board Options Exchange, Incorporated
- Current Assignee: Chicago Board Options Exchange, Incorporated
- Current Assignee Address: US IL Chicago
- Agency: Brinks Hofer Gilson & Lione
- Main IPC: G06Q40/00
- IPC: G06Q40/00
Abstract:
A method and system is provided for allowing a participant that generates order flow to participate in automated execution trades that are generated by the participant's order flow, without affecting the price of execution to the retail customer. The method and system automatically assigns a stated percentage of the contra-side of each customer trade to the participant that sent in the order flow.
Public/Granted literature
- US20030004858A1 Automated execution system having participation Public/Granted day:2003-01-02
Information query
