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. 13, 2023
Filed:
Nov. 25, 2019
Iex Group, Inc., New York, NY (US);
John Herbert Schwall, Staten Island, NY (US);
Eric Wayne Stockland, Frankfort, IL (US);
Bradley Toshio Katsuyama, Darien, CT (US);
Ronan Gerard Ryan, Morristown, NJ (US);
Boris Ilyevsky, New York, NY (US);
Lucas Tanner Kowalczyk, New York, NY (US);
Benjamin Jerome Pierre Connault, New York, NY (US);
IEX Group, Inc., New York, NY (US);
Abstract
In order to protect a trading party from predatory trading strategies employed by some market participants, especially during certain periods when quotes for a particular security are experiencing rapid changes or transitions, embodiments of the present invention facilitate and support various new type of trading orders whose booking and execution behaviors are dynamically varied in response to environmental market conditions and/or predefined rules. For example, the orders may be allowed to trade at more aggressive price levels if the market is relatively stable, and the orders can only trade at less aggressive price levels or be automatically suspended or even cancelled when the market is unstable.