Invention Grant
- Patent Title: System and method that provide incentives to qualified users of an electronic trading system
- Patent Title (中): 为电子交易系统的合格用户提供激励的制度和方法
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Application No.: US12852762Application Date: 2010-08-09
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Publication No.: US08498922B2Publication Date: 2013-07-30
- Inventor: Stuart A. Fraser , Philip M. Ginsberg , Glenn D. Kirwin , Howard W. Lutnick
- Applicant: Stuart A. Fraser , Philip M. Ginsberg , Glenn D. Kirwin , Howard W. Lutnick
- Applicant Address: US NY New York
- Assignee: CFPH, LLC
- Current Assignee: CFPH, LLC
- Current Assignee Address: US NY New York
- Agent Ruth Ma Swilling
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
Systems and methods for electronic trading that provide incentives to users of a trading system. The systems and methods may monitor a trading activity of the user and determine that the orders submitted by the user over a period of time exceed a first pre-determined threshold. Systems and methods also determine that a spread of the plurality of orders exceeds a second pre-determined threshold. Based on these determinations, the user is designated as qualifying for a special status, which entitles the user to incentives in trading. Systems and methods apply the incentives to an order submitted by the user. One such incentive provides the user with a priority in a trading queue, where orders submitted by the user are executed in advance of other orders in the trading queue.
Public/Granted literature
- US20100306042A1 SYSTEM AND METHOD THAT PROVIDE INCENTIVES TO QUALIFIED USERS OF AN ELECTRONIC TRADING SYSTEM Public/Granted day:2010-12-02
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