Automated order protection trading system

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United States of America Patent

PATENT NO 7860796
SERIAL NO

11341309

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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Methods and systems for trading financial or commodity assets are presented. In particular, the invention relates to a trading system and method that operates with third party data and a Third Party Inside Market to promote fair and orderly transactions. In some embodiments, a client order or client bid/offer is protected by automated order protection (AOP), which may be a set of rules or specifications that can modify a client's order. In certain embodiments, an average weighted price function is used to protect a client order that might be larger than the best bid/offer. In other embodiments, an autofill, a tie-breaking, and a wait-for-follow process can be used to promote trading opportunities for dealers and/or clients.

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Patent Owner(s)

Patent OwnerAddress
MARKETAXESS HOLDINGS INC299 PARK AVENUE 10TH FLOOR NEW YORK NY 10171

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Levy, Robert D New Rochelle, US 1 128

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