The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Oct. 30, 2018
Filed:
May. 02, 2011
Applicants:
Daniel Cleaves, Summit, NJ (US);
Atul Bhatia, Bridgewater, NJ (US);
Inventors:
Daniel Cleaves, Summit, NJ (US);
Atul Bhatia, Bridgewater, NJ (US);
Assignee:
NEX Services North America LLC, New York, NY (US);
Attorney:
Primary Examiner:
Int. Cl.
CPC ...
G06Q 40/00 (2012.01); G06Q 40/04 (2012.01);
U.S. Cl.
CPC ...
G06Q 40/04 (2013.01); G06Q 40/00 (2013.01);
Abstract
A trading system matches a passive order to buy or sell an item at a price with an aggressive order to hit or lift the item at that price. A workup is initiated during which other parties can submit additional orders at the passive order price. A further order may be submitted during workup with a better price. If the amount at the better price equals or exceeds a threshold value and it can be traded at the better price, the workup is terminated and a new workup initiated at the better price.