Method and apparatus for trading securities or other instruments on behalf of customers
Number of patents in Portfolio can not be more than 2000
United States of America Patent
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May 16, 2006
Issued Date -
N/A
app pub date -
Mar 1, 2000
filing date -
Mar 11, 1998
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
A method and apparatus for aggregating, netting, and executing securities trades on behalf of customers expressing orders in both share and dollar amounts without assuming unwanted risk. Where a brokerage receives orders from customers in both dollar and share amounts, the brokerage can aggregate and net the orders, executing the outstanding orders through a market maker. The number of shares to order through the market maker depends on the price at which the market maker can execute. Rather than present the market maker with a conventional order, the brokerage presents the market maker with a schedule of orders for different possible execution prices.
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