Invention Grant
- Patent Title: Electronic communication network ranking for automated market system
- Patent Title (中): 电子通信网络自动化市场体系排名
-
Application No.: US10274287Application Date: 2002-10-18
-
Publication No.: US07801795B2Publication Date: 2010-09-21
- Inventor: Adam Nunes , Daniel F. Moore , Mark Denat , John Malitzis , Karen Peterson , Anna Ewing , Steven J. Randich , Richard G. Ketchum , Dean Furbush , Christopher Folkemer
- Applicant: Adam Nunes , Daniel F. Moore , Mark Denat , John Malitzis , Karen Peterson , Anna Ewing , Steven J. Randich , Richard G. Ketchum , Dean Furbush , Christopher Folkemer
- Applicant Address: US MD Rockville
- Assignee: The Nasdaq OMX Group, Inc.
- Current Assignee: The Nasdaq OMX Group, Inc.
- Current Assignee Address: US MD Rockville
- Agency: Fish & Richardson P.C.
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
A method for trading a security in an electronic market includes entering an order at a client station for executing against any market participant that can at least in part satisfy the order, and matching the entered order at a server system against interest in the market based on how the market participant participates in the market with a portion of the interest in the market being prioritized according to price priority among displayed quotes/orders of market makers, ECNs that do not charge a separate quote-access fee, and non-attributable agency orders of UTP Exchanges, and subsequently by displayed quotes/orders of ECNs that charge a separate quote-access fee, with the quotes/orders of the ECNs that charge a separate quote-access fee being ranked by the amount of the quote-access fee charged.
Public/Granted literature
- US20030126066A1 Electronic communication network ranking for automated market system Public/Granted day:2003-07-03
Information query