The Nasdaq Omx Group, Inc.

The Nasdaq Stock Market, Inc.

Thomas P Moran

Peter J Martyn

John Malitzis

Daniel B Franks

Richard G Ketchum

Dean Furbush

Debra Peter

Gene Lopez

Patricia Dizenhaus

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

An electronic market for trading of securities includes a plurality of client stations for entering quotes for securities and a server process. The market has a facility, which 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, and a plurality of price levels of a product traded in the market. The market also includes processes to handle odd-lot processing and provides a central quote/order collector that interfaces to disparate order delivery systems to minimize dual liability of market makers.

Odd lot processing in centralized automated market system

Growing community of inventors

Arlington, VA, United States of America

Thomas P Moran