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.

Date of Patent:
Apr. 24, 2007

Filed:

Sep. 23, 1999
Applicants:

Stuart Serkin, Fairfield, CT (US);

John Malitzis, Washington, DC (US);

Richard G. Ketchum, Alexandria, VA (US);

Peter Marytn, Ridgewood, NJ (US);

Inventors:

Stuart Serkin, Fairfield, CT (US);

John Malitzis, Washington, DC (US);

Richard G. Ketchum, Alexandria, VA (US);

Peter Marytn, Ridgewood, NJ (US);

Assignee:

The Nasdaq Stock Market, Inc., Washington, DC (US);

Attorney:
Primary Examiner:
Int. Cl.
CPC ...
G06Q 40/00 (2006.01);
U.S. Cl.
CPC ...
Abstract

A system for handling quotes in an electronic market is described. The system includes a lock/cross quote detector which determines whether a quote which is entered into the market system would lock or cross other quotes in the market system and a quote formatter that receives quotes that, if entered, would lock or cross the market and reformats the quotes as marketable liability orders. The system includes a routing process that routes reformatted quotes as marketable liability orders to a market participant whose quote was locked or crossed.


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