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:
Aug. 31, 2010
Filed:
Jul. 15, 2005
Roger Burkhardt, Irvington, NY (US);
Anne E. Allen, Cranford, NJ (US);
Robert J. Mcsweeney, Merrick, NY (US);
Louis G. Pastina, Belle Harbor, NY (US);
Roger Burkhardt, Irvington, NY (US);
Anne E. Allen, Cranford, NJ (US);
Robert J. McSweeney, Merrick, NY (US);
Louis G. Pastina, Belle Harbor, NY (US);
New York Stock Exchange, New York, NY (US);
Abstract
A large market order to buy is received causing an imbalance. A portion of the market order is executed at a best offer price. A quote is changed from fast to slow, and a remaining unexecuted size of the market order is calculated. The unexecuted size of the market order is quoted at the best offer price, and the best bid size is quoted as 100 shares. The best bid price is quoted as a gap price. In a similar fashion a large market order to sell results in a gap quote.