Title:
MONTAGE FOR AUTOMATED MARKET SYSTEM
Document Type and Number:
WIPO Patent Application WO2001022313
Kind Code:
A3
Abstract:
An electronic market for trading of securities includes a plurality of client stations for entering quotes for securities and a server process that receives quotes from the clients, aggregates the quotes and causes a total of all aggregated quotes to be displayed for a plurality of price levels on the client systems. The market uses a graphical user that depicts aggregated quotes in an aggregate window a plurality of price levels of a product traded in the market. The market also includes processes to handle lock/cross market conditions, match-off of order flow and provides a central quote/order collector that interfaces to disparate order delivery systems to minimize dual liability of market makers.
Inventors:
KETCHUM RICHARD G (US)
SERKIN STUART (US)
MALITZIS JOHN F (US)
MARTYN PETER (US)
PETER DEBRA S (US)
DIZENHAUS PATTI (US)
BROWN DOUG (US)
SERKIN STUART (US)
MALITZIS JOHN F (US)
MARTYN PETER (US)
PETER DEBRA S (US)
DIZENHAUS PATTI (US)
BROWN DOUG (US)
Application Number:
PCT/US2000/025620
Publication Date:
March 07, 2002
Filing Date:
September 19, 2000
Export Citation:
Assignee:
NASDAQ STOCK MARKET INC (US)
KETCHUM RICHARD G (US)
SERKIN STUART (US)
MALITZIS JOHN F (US)
MARTYN PETER (US)
PETER DEBRA S (US)
DIZENHAUS PATTI (US)
BROWN DOUG (US)
KETCHUM RICHARD G (US)
SERKIN STUART (US)
MALITZIS JOHN F (US)
MARTYN PETER (US)
PETER DEBRA S (US)
DIZENHAUS PATTI (US)
BROWN DOUG (US)
International Classes:
G06Q30/06; G06Q40/00; (IPC1-7): G06F17/60
Domestic Patent References:
| WO1991014231A1 | 1991-09-19 | |||
| WO1998013778A1 | 1998-04-02 |
Foreign References:
| US5297032A | 1994-03-22 |
Other References:
"Self Regulatory Organizations; Notice of Filing of Proposed Rule Change by the National Association of Securities Dealers, Inc.", FEDERAL REGISTER - SECURITIES AND EXCHANGE COMMISSION, vol. 64, no. 47, 11 March 1999 (1999-03-11), US, pages 12198 - 202, XP002171885, Retrieved from the Internet
"Nasdaq Workstation II", NASDAQ STOCK MARKET INC., May 1999 (1999-05-01), USA, pages 1 - 17, XP002171886, Retrieved from the Internet [retrieved on 20010711]
REICH, BENNY AND BEN-SHAUL, ISRAEL: "A Componentized Architecture for Dynamic Electronic Markets", SIGMOD RECORD, vol. 27, no. 4, December 1998 (1998-12-01), USA, pages 40 - 47, XP002171887, Retrieved from the Internet [retrieved on 20010712]
"Nasdaq Workstation II", NASDAQ STOCK MARKET INC., May 1999 (1999-05-01), USA, pages 1 - 17, XP002171886, Retrieved from the Internet
REICH, BENNY AND BEN-SHAUL, ISRAEL: "A Componentized Architecture for Dynamic Electronic Markets", SIGMOD RECORD, vol. 27, no. 4, December 1998 (1998-12-01), USA, pages 40 - 47, XP002171887, Retrieved from the Internet
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