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. 23, 2009
Filed:
Nov. 30, 2005
Anthony J. Carone, Chicago, IL (US);
Mark A. Esposito, Chicago, IL (US);
Stuart J. Kipnes, Chicago, IL (US);
Anthony Montesano, Chicago, IL (US);
Eileen C. Smith, Chicago, IL (US);
Edward T. Tilly, Barrington, IL (US);
Anthony J. Carone, Chicago, IL (US);
Mark A. Esposito, Chicago, IL (US);
Stuart J. Kipnes, Chicago, IL (US);
Anthony Montesano, Chicago, IL (US);
Eileen C. Smith, Chicago, IL (US);
Edward T. Tilly, Barrington, IL (US);
Chicago Board Options Exchange, Incorporated, Chiacgo, 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, and providing market making rights of varying degrees to entities having a physical presence on the floor of the exchange and entities remotely located away from the trading floor. The system includes a trade engine configured for receiving orders from market makers on and away from the trading floor. The system also includes executable instructions for allocating to designated primary market makers a portion of an incoming order remaining after first trading against public customer orders.