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:
Dec. 14, 2010
Filed:
Mar. 29, 2007
Andrew Czupek, New Lenox, IL (US);
Bryan T. Durkin, Orland Park, IL (US);
Thomas G. Mccabe, Chicago, IL (US);
Brian M. Wolf, Roselle, IL (US);
Donald M. Cuba, Tinley Park, IL (US);
Jonathan Kronstein, Elmhurst, IL (US);
Troy C. Mathe, Chicago, IL (US);
Andrew Czupek, New Lenox, IL (US);
Bryan T. Durkin, Orland Park, IL (US);
Thomas G. McCabe, Chicago, IL (US);
Brian M. Wolf, Roselle, IL (US);
Donald M. Cuba, Tinley Park, IL (US);
Jonathan Kronstein, Elmhurst, IL (US);
Troy C. Mathe, Chicago, IL (US);
Board of Trade of the City of Chicago, Chicago, IL (US);
Abstract
A method of allocating a quantity of an incoming order for a product develops a value that indicates a portion of the incoming order this is to be allocated using a FIFO algorithm and allocates a first portion of the incoming order to standing orders using the FIFO algorithm. The method further allocates a second portion of the incoming order to standing orders using a pro-rata algorithm, wherein the step of allocating the second portion leaves a remaining quantity of the incoming order. In addition, the method allocates the remaining portion to the standing orders using a FIFO algorithm.