Invention Grant
- Patent Title: Market participant issue selection system and method
- Patent Title (中): 市场参与者选题制度和方法
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Application No.: US11102490Application Date: 2005-04-07
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Publication No.: US07809629B2Publication Date: 2010-10-05
- Inventor: Daniel R. Hustad , Larry Pfaffenbach , John E. Smollen
- Applicant: Daniel R. Hustad , Larry Pfaffenbach , John E. Smollen
- Applicant Address: US IL Chicago
- Assignee: Chicago Board Options Exchange, Incorporated
- Current Assignee: Chicago Board Options Exchange, Incorporated
- Current Assignee Address: US IL Chicago
- Agency: Brinks Hofer Gilson & Lione
- Main IPC: G06F17/00
- IPC: G06F17/00

Abstract:
A system and method of allocating rights for quoting issues on a trading facility such as an exchange is described. The method may include providing market participants such as remote market makers with a listing of issues available for remote quote streaming where the available issues are ranked according to predetermined trading parameters. A market participant requests allocations of rights to certain issues and the request is filtered according to a value associated with the ranking of the selected issues. The system includes an issue selection database having a listing of issues available for trading where each issue is ranked based on a trading parameter. An issue selection communication module communicates with the issue selection database and is configured to list available issues and rankings. An issue allocation filter receives a market participant request and compares the selected issues in that request to one or more exchange-based rules.
Public/Granted literature
- US20060229968A1 Market participant issue selection system and method Public/Granted day:2006-10-12
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