The Nasdaq Omx Group, Inc.

Dean Furbush

Richard G Ketchum

John Malitzis

Peter J Martyn

Daniel B Franks

Thomas P Moran

Daniel F Moore

Adam Seth Nunes

Mark DeNat

Christopher Folkemer

Karen Peterson

Anna Ewing

Steven J Randich

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.

Order processing for automated market system

Directed order processing for automated market system

A method for trading a security in an electronic market includes entering an order at a client station for executing against any market participant that can at least in part satisfy the order, and matching the entered order at a server system against interest in the market based on how the market participant participates in the market with a portion of the interest in the market being prioritized according to price priority among displayed quotes/orders of market makers, ECNs that do not charge a separate quote-access fee, and non-attributable agency orders of UTP Exchanges, and subsequently by displayed quotes/orders of ECNs that charge a separate quote-access fee, with the quotes/orders of the ECNs that charge a separate quote-access fee being ranked by the amount of the quote-access fee charged.

Electronic communication network ranking for automated market system

Growing community of inventors

Mamaroneck, NY, United States of America

Dean Furbush