Invention Grant
US08055577B2 Method and apparatus for stock and index option price improvement, participation, and internalization 有权
股票和指数期权价格改善,参与和内部化的方法和设备

Method and apparatus for stock and index option price improvement, participation, and internalization
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.
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