Systems and methods for protecting against erroneous price entries in the electronic trading of financial and other instruments

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 8219480
APP PUB NO 20060218072A1
SERIAL NO

11215236

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ATTORNEY / AGENT: (SPONSORED)

Importance

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Abstract

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The invention relates to systems and methods that provide a user interface for use with an electronic trading system. The interface notifies the user that the price at which he or she may have attempted to trade has changed and presents the user with the opportunity to submit, modify or cancel the trade command. The user may configure the trading system to enable such a notification based on the time span for the price change, the number of increments of the price change, a combination thereof or any other appropriate consideration for protecting against the occurrence of erroneous price entries. Subsequent trade commands, such as those entered by third parties, may be used to validate prices and execute trades at these prices.

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First Claim

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Patent Owner(s)

  • BGC PARTNERS, INC.

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Claus, Matt Summit, US 1 2
Foley, Kevin M New York, US 75 1418
Lutnick, Howard W New York, US 707 22965
Noviello, Joseph New York, US 83 927
Steger, Lon Jersey City, US 4 26
Sweeting, Michael Aldershot, GB 180 3068

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