Invention Grant
- Patent Title: Method and apparatus for stock and index option price improvement, participation, and internalization
- Patent Title (中): 股票和指数期权价格改善,参与和内部化的方法和设备
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Application No.: US13038253Application Date: 2011-03-01
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Publication No.: US08055577B2Publication Date: 2011-11-08
- Inventor: Anthony J. Saliba
- Applicant: Anthony J. Saliba
- Applicant Address: US IL Chicago
- Assignee: Liquidpoint, L.L.C.
- Current Assignee: Liquidpoint, L.L.C.
- Current Assignee Address: US IL Chicago
- Agency: The Small Patent Law Group
- Agent Joseph M. Butscher
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
A method for stock option trading includes receiving an option order at a market, contemporaneously receiving a copy of the option order at an electronic drop (EDrop) system, which is separate and distinct from the market, obtaining a potential cross quantity and a potential cross price based on the option order at the EDrop system, and submitting, through the EDrop system, a contra-order, with respect to the option order, to the market for fulfillment, wherein the contra-order specifies at least one of an underlying security potential cross quantity, and the potential cross price.
Public/Granted literature
- US20110153485A1 METHOD AND APPARATUS FOR STOCK AND INDEX OPTION PRICE IMPROVEMENT, PARTICIPATION, AND INTERNALIZATION Public/Granted day:2011-06-23
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