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:
Apr. 28, 2026
Filed:
Jan. 11, 2023
Bgc Partners, L.p., New York, NY (US);
Nicholas Glass, Chatham, NJ (US);
Bijoy Paul, Jersey City, NJ (US);
Joseph E. Peters, Jr., New York, NY (US);
BGC PARTNERS, L.P., New York, NY (US);
Abstract
Techniques are disclosed herein for iceberg order processing by an exchange system that includes storing a first representation of an iceberg order requested by a user in an order book and automatically causing a second representation to be stored for the iceberg order in the order book after the displayed quantity associated with the first representation is depleted/zeroed or otherwise below a predetermined threshold following execution of an associated trade. The second representation of an iceberg order can be referred to as a reclip order, and N number of such reclip orders can be stored/accepted in this manner by the exchange system until a hidden/reserve quantity (also referred to herein as a remaining iceberg quantity) is zero or the user who originated the iceberg order submits a cancel request.