Invention Grant
- Patent Title: Quote inactivation system and method for an automated exchange for trading derivative securities
- Patent Title (中): 报价灭活系统和交易衍生证券自动交换方法
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Application No.: US12497095Application Date: 2009-07-02
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Publication No.: US08527391B2Publication Date: 2013-09-03
- Inventor: Robert J. Siverson , Greg J. Maynard
- Applicant: Robert J. Siverson , Greg J. Maynard
- Applicant Address: US NY New York
- Assignee: International Securities Exchange, LLC
- Current Assignee: International Securities Exchange, LLC
- Current Assignee Address: US NY New York
- Agency: Frommer Lawrence & Haug, LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
An automated system and method for trading option instruments on an automated exchange comprising a participant system for communicating with an automated exchange system. The disclosed system and method allows a market professional such as a market maker to inactivate the quotes in instruments for a related product while the market maker's quoting engine continues to update the quotes. Also disclosed is a system and method for reducing load on a exchange network in recalculating a best bid and offer price. Disclosed herein is a system and method for maintaining control over professional quotes for the purchase and sale of option instruments for a product in an exchange system.
Public/Granted literature
- US20110004540A1 QUOTE INACTIVATION SYSTEM AND METHOD FOR AN AUTOMATED EXCHANGE FOR TRADING DERIVATIVE SECURITIES Public/Granted day:2011-01-06
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