发明授权
- 专利标题: Systems and methods for increasing participation of liquidity providers on crossing system
- 专利标题(中): 增加流动性提供者参与过境制度的制度和方法
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申请号: US11804525申请日: 2007-05-17
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公开(公告)号: US07996261B1公开(公告)日: 2011-08-09
- 发明人: Henri Waelbroeck , Brent Gamse , Fred J. Federspiel
- 申请人: Henri Waelbroeck , Brent Gamse , Fred J. Federspiel
- 申请人地址: US NY New York
- 专利权人: Pipeline Financial Group, Inc.
- 当前专利权人: Pipeline Financial Group, Inc.
- 当前专利权人地址: US NY New York
- 代理机构: Cowan, Liebowitz & Latman
- 代理商 Steven D. Underwood
- 主分类号: G06Q30/00
- IPC分类号: G06Q30/00
摘要:
In one aspect, the invention comprises a system for enabling a crossing system operator to calculate a rebate payment to a second participant for executing the block order of a first participant based on at least one of: (a) a difference between a benchmark price and an execution price of the block order; (b) total volume of block execution; and (c) an amount that decays exponentially with the time between the first participant's order and the order's execution by a liquidity provider.
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