Invention Grant
- Patent Title: Price improvement in electronic trading system
- Patent Title (中): 电子交易系统价格上涨
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Application No.: US12774878Application Date: 2010-05-06
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Publication No.: US08335737B2Publication Date: 2012-12-18
- Inventor: Edward R. Howorka
- Applicant: Edward R. Howorka
- Applicant Address: GB London
- Assignee: EBS Group Limited
- Current Assignee: EBS Group Limited
- Current Assignee Address: GB London
- Agency: Dickstein Shapiro LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
Price improvement in credit screened trading systems is achieved by entering a maximum price improvement (MPI) amount with a maker quote. The system prepares separate quote queues for each trading floor including only quotes where bilateral credit exists. Quotes are arranged using Price, MPI, time priority. When a quote is dealt, a dealable price improvement is calculated as the amount of the MPI required to improve the dealt quote's position in the queue.
Public/Granted literature
- US20100241555A1 PRICE IMPROVEMENT IN ELECTRONIC TRADING SYSTEM Public/Granted day:2010-09-23
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