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:
Sep. 14, 2010
Filed:
Jun. 11, 2008
Stuart A. Fraser, Armonk, NY (US);
Philip M. Ginsberg, New York, NY (US);
Glenn D. Kirwin, Scarsdale, NY (US);
Howard W. Lutnick, New York, NY (US);
Stuart A. Fraser, Armonk, NY (US);
Philip M. Ginsberg, New York, NY (US);
Glenn D. Kirwin, Scarsdale, NY (US);
Howard W. Lutnick, New York, NY (US);
CFPH, LLC, New York, NY (US);
Abstract
Systems and methods for providing incentives for gathering orders, making markets, and submitting block orders, and that enable linking of multiple auctions. First, the system determines whether the trader qualifies for an incentive. This determination may be made based upon characteristics, such as price, size, duration of orders submitted to the trading system. The incentives provided may include reduced transaction costs, cash payments, priority or exclusivity in trading, self execution of transactions. Before an order is eligible to be traded in an auction that is linked to another auction in the trading system, the order is preferably confirmed as qualifying to be auctioned in such a manner. If an order is confirmed, the auction is created and preferably linked to another auction based upon a characteristic of the order. Information from each auction also may be available to traders in the other auctions.