Invention Grant
- Patent Title: Match-off of order flow in electronic market system
- Patent Title (中): 电子市场体系中订单流的匹配
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Application No.: US09404518Application Date: 1999-09-23
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Publication No.: US08239303B2Publication Date: 2012-08-07
- Inventor: Peter Martyn , Stuart Serkin , John Malitzis
- Applicant: Peter Martyn , Stuart Serkin , John Malitzis
- Applicant Address: US NY New York
- Assignee: The NASDAQ OMX Group, Inc.
- Current Assignee: The NASDAQ OMX Group, Inc.
- Current Assignee Address: US NY New York
- Agency: Nixon & Vanderhye P.C.
- Main IPC: G06Q40/00
- IPC: G06Q40/00
Abstract:
A market system that includes an internal execution process is described. The system includes an order execution process that receives orders and matches orders against quotes posted in the system on a time priority basis and an order match-off process that checks if a market participant identification associated with a received order matches a market participant identification representing a quote in the system that is at the best bid or best offer price in the system.
Public/Granted literature
- US20020161687A1 MATCH-OFF OF ORDER FLOW IN ELECTRONIC MARKET SYSTEM Public/Granted day:2002-10-31
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