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:
May. 20, 2025
Filed:
Sep. 09, 2021
Cboe Exchange, Inc., Chicago, IL (US);
William Ciabattoni, New York, NY (US);
Adam Inzirillo, Bay Shore, NY (US);
Cboe Exchange, Inc., Chicago, IL (US);
Abstract
A method is provided for implementing retail priority via an exchange computer system. In some implementations, first, second, and third orders for a financial instrument are received. A determination that the first order is at or inside the National Best Bid Offer (NBBO) associated with the financial instrument is made, and a determination that the third order is associated with a priority account is also made. A determination to prioritize execution of the first order over the second and third orders is made based on the first order being at or inside the NBBO, and a determination to prioritize execution of the third order over the second order is made based on the second order's association with the priority account.