Invention Grant
- Patent Title: System and method for facilitating trading in an electronic market
- Patent Title (中): 促进电子市场交易的制度和方法
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Application No.: US12704912Application Date: 2010-02-12
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Publication No.: US08069110B2Publication Date: 2011-11-29
- Inventor: Stephen Cottrell
- Applicant: Stephen Cottrell
- Applicant Address: GB
- Assignee: NYSE Life Administration and Management
- Current Assignee: NYSE Life Administration and Management
- Current Assignee Address: GB
- Agency: Katten Muchin Rosenman LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
A method and system for facilitating trading of financial instruments in a market are provided. The system comprises a server and an interface. The interface is configured to enable buy orders and sell orders to be entered. Each order has a price, a volume, and an entry time and relates to a respective futures contract. The server is configured to match received buy orders having a first price to received sell orders having the first price. The match is effected by ensuring that the prices match, and then using the volume and entry time for each buy order and each sell order to assign a weight of time relative to volume, and then using the weights to determine each match. The server uses the matches to complete respective trades. The weights may be adjusted based on market conditions.
Public/Granted literature
- US20100211496A1 SYSTEM AND METHOD FOR FACILITATING TRADING IN AN ELECTRONIC MARKET Public/Granted day:2010-08-19
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