Invention Grant
- Patent Title: Sell-side benchmarking of security trading
- Patent Title (中): 证券交易的卖方基准
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Application No.: US10941398Application Date: 2004-09-15
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Publication No.: US08015098B2Publication Date: 2011-09-06
- Inventor: Claude Courbois , Jeffrey F. Kimsey
- Applicant: Claude Courbois , Jeffrey F. Kimsey
- 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 benchmark price reflective of trading in a financial instrument for benchmarking sell-side traders performance is provided by calculating based on received trades a buy volume weighted average price and a sell volume weighted average price for every contra-side party trading in a selected security during a period of time. Ineligible contra-parties are filter out from the determined buy and sell volume weighted average prices and the remaining contra-parties are ranked based on the determined volume weighted average prices from best price to worst to produce ranked, buy volume weighted average prices and ranked sell volume weighted average prices.
Public/Granted literature
- US20060059078A1 Sell-side benchmarking of security trading Public/Granted day:2006-03-16
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