Invention Grant
US07647267B2 System and method for setting and using a momentum liquidity replenishment price in a hybrid auction market
有权
在混合拍卖市场设定和使用动量流动性补充价格的制度和方法
- Patent Title: System and method for setting and using a momentum liquidity replenishment price in a hybrid auction market
- Patent Title (中): 在混合拍卖市场设定和使用动量流动性补充价格的制度和方法
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Application No.: US11183259Application Date: 2005-07-15
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Publication No.: US07647267B2Publication Date: 2010-01-12
- Inventor: Roger Burkhardt , Anne E. Allen , Robert J. McSweeney , Louis G. Pastina
- Applicant: Roger Burkhardt , Anne E. Allen , Robert J. McSweeney , Louis G. Pastina
- Applicant Address: US NY New York
- Assignee: New York Stock Exchange
- Current Assignee: New York Stock Exchange
- Current Assignee Address: US NY New York
- Agency: Milbank, Tweed, Hadley & McCloy LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00
Abstract:
The lowest trade price for a security within a predetermined period of time is determined, and a momentum liquidity replenishment price is determined by adding the greater of a predetermined price or a predetermined percentage of the last trade price to the lowest trade price for the security for the security within the predetermined period of time. In a similar fashion, another momentum liquidity replenishment price is determined from the highest trading price of the security within predetermined period of time.
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