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:
Jun. 30, 2020
Filed:
Jul. 15, 2005
Roger Burkhardt, Irvington, NY (US);
Anne E. Allen, Cranford, NJ (US);
Robert J. Mcsweeney, Merrick, NY (US);
Louis G. Pastina, Belle Harbor, NY (US);
Roger Burkhardt, Irvington, NY (US);
Anne E. Allen, Cranford, NJ (US);
Robert J. McSweeney, Merrick, NY (US);
Louis G. Pastina, Belle Harbor, NY (US);
New York Stock Exchange LLC, New York, NY (US);
Abstract
A buy order is received with a limit price that is above a published best offer, and represented in the auction market. If the buy order is not immediately executed, it is quoted at a minimum variation better than a published best bid, and the price of the quoted buy order becomes the published best bid. Alternatively, a sell order is received with a limit price that is below a published best bid, and represented in the auction market. If the sell order is not immediately executed, it is quoted at a minimum variation better than a published best offer, and the price of the quoted sell order becomes the published best offer.