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. 19, 2021
Filed:
Sep. 13, 2019
Cboe Exchange, Inc., Chicago, IL (US);
Eileen C. Smith, Chicago, IL (US);
Anthony Montesano, Chicago, IL (US);
Edward T. Tilly, Barrington, IL (US);
Mark A. Esposito, Chicago, IL (US);
Stuart J. Kipnes, Chicago, IL (US);
Anthony J. Carone, Chicago, IL (US);
CBOE EXCHANGE, INC., Chicago, IL (US);
Abstract
A system and method of allocating orders in an exchange configured for trading by a combination of electronic and open-outcry trading mechanisms is provided. One method includes permitting multiple quotes to be disseminated to the market, but limiting market making to only those entities having a physical presence on the floor of the exchange. Methods of enhancing the hybrid electronic and open-outcry exchange also include automatically eliminating crossed quotes and locked quotes while permitting certain orders to trade against locked quotes.