Invention Grant
- Patent Title: Determination of banding start price for order evaluation
- Patent Title (中): 订单评估条带起始价格的确定
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Application No.: US13586112Application Date: 2012-08-15
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Publication No.: US08666875B1Publication Date: 2014-03-04
- Inventor: John Scheerer , Randal Almeida
- Applicant: John Scheerer , Randal Almeida
- Applicant Address: US IL Chicago
- Assignee: Chicago Mercantile Exchange, Inc.
- Current Assignee: Chicago Mercantile Exchange, Inc.
- Current Assignee Address: US IL Chicago
- Agency: Banner & Witcoff, Ltd.
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
A banding start price may be generated using one of multiple subroutines. Each of the subroutines may generate a banding start price using a different algorithm and may have different input data criteria. Each of those subroutines may be ranked based expected accuracy of a price output by the subroutine. The banding start price may be generated by the highest ranking subroutine for which there is input data satisfying relevant criteria.
Public/Granted literature
- US20140052597A1 DETERMINATION OF BANDING START PRICE FOR ORDER EVALUATION Public/Granted day:2014-02-20
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