Invention Grant
- Patent Title: System and method for managing trading orders received from market makers
- Patent Title (中): 从制造商处理交易订单的制度和方法
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Application No.: US10895668Application Date: 2004-07-21
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Publication No.: US08200568B2Publication Date: 2012-06-12
- Inventor: Nigel J. Renton , Michael Sweeting
- Applicant: Nigel J. Renton , Michael Sweeting
- Applicant Address: US NY New York
- Assignee: BGC Partners, Inc.
- Current Assignee: BGC Partners, Inc.
- Current Assignee Address: US NY New York
- Agent Ruth J. Ma
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
According to one embodiment, a method of managing trading is provided. A first offer for a particular instrument in a particular market is received from a first market maker at a first offer price. A first bid for the same particular instrument in the same particular market is received from a second market maker at a first bid price, the first bid price being higher than or equal to the first offer price. As a result of the first bid price being higher than or equal to the first offer price, the first offer price is automatically increased to a price higher than the first bid price such that a trade is not executed between the first offer and the first bid. In some embodiments, such method may be used to protect market makers from unwanted trades caused by inherent latency in the market makers' pricing engines and/or networks.
Public/Granted literature
- US20060020536A1 System and method for managing trading orders received from market makers Public/Granted day:2006-01-26
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