Confidential block trading system and method
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
Jan 21, 2014
Grant Date -
May 13, 2010
app pub date -
Jan 22, 2010
filing date -
Jun 1, 2000
priority date (Note) -
In Force
status (Latency Note)
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Abstract
Methods and systems for facilitating trading of securities, preferred methods comprising receiving a first buy or sell order from a first user; calculating a block price range; determining that said first order is reasonably priced; transmitting to a second user a notification that a reasonably priced order is present, but without notifying said second user of the side; receiving a second order from said second user, wherein said second order is a contra to said first order and nearly matches but does not cross said first order; transmitting a contra order notification to said second user after said second order is received, said contra order notification indicating that a nearly matching contra order is active; receiving a third order from said second user, said third order being a contra to said first order and crossing said first order; and executing a trade comprising said first order and said third order.
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