Controlling traders from manipulating electronic trading markets

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 8738501
APP PUB NO 20090099973A1
SERIAL NO

12335951

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ATTORNEY / AGENT: (SPONSORED)

Importance

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Abstract

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Systems and methods are provided to control gaming in electronic trading markets. These systems and methods alleviate the problem of a seller or buyer trying to act on a trader's original bid or offer only to trade at an unfavorable level after the trader changes the bid or offer. A pricing method suspends trading for a period of time if a price difference between two bids or offers by the same trader is too great. A timing method prevents a trader from canceling or replacing a bid or offer for a period of time. These methods provide a more fair and efficient way of executing electronic trades.

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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
Gilbert, Andrew C Califon, US 60 2408
Stergiopoulos, Andrew New York, US 17 543
Tselepis, William P New Providence, US 12 258

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11.5 Year Payment $7400.00 $3700.00 $1850.00 Nov 27, 2025
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