SYSTEMS AND METHODS FOR INCREASING PARTICIPATION OF LIQUIDITY PROVIDERS ON CROSSING SYSTEM

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United States of America Patent

APP PUB NO 20140229354A1
SERIAL NO

13897925

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Abstract

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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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Patent Owner(s)

Patent OwnerAddress
ITG SOFTWARE SOLUTIONS INCCULVER CITY CA

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Federspiel, Fred J Larchmont, US 42 2866
Gamse, Brent Glencoe, US 15 635
WAELBROECK, Henri Scarsdale, US 57 3354

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