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:
Aug. 10, 2010

Filed:

Mar. 27, 2002
Applicants:

Edward R. Howorka, Morris Plains, NJ (US);

Neena Jain, South Plainfield, NJ (US);

Steven Iaccheo, Lincoln Park, NJ (US);

Vladimir Neyman, West Orange, NJ (US);

James Shu, East Hanover, NJ (US);

Inventors:

Edward R. Howorka, Morris Plains, NJ (US);

Neena Jain, South Plainfield, NJ (US);

Steven Iaccheo, Lincoln Park, NJ (US);

Vladimir Neyman, West Orange, NJ (US);

James Shu, East Hanover, NJ (US);

Assignee:

EBS Group Limited, London, GB;

Attorney:
Primary Examiner:
Assistant Examiner:
Int. Cl.
CPC ...
G06F 17/60 (2006.01);
U.S. Cl.
CPC ...
Abstract

An anonymous trading system comprises an interconnected network of broking nodes arranged in cliques which receive buy and sell orders from trader terminals via connected trading engines and which match persistent orders, executed deals and distribute price information to trader terminals. Where two orders are matched, a proposed deal message is sent by the matching broker. If another broker has processed an event which makes the matched quote unavailable the match fails and rematch may occur. Rematch may be attempted by an intermediate broker provided it owns one side of the match, or it received both sides of the match from brokers in different cliques. The intermediate broker attempts to match with the next available quote in the queue.


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