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:
Feb. 01, 2011
Filed:
Jun. 07, 2002
Daniel F. Moore, New Haven, CT (US);
Timothy Vincent, Shelton, CT (US);
Richard Justice, Lyme, NH (US);
John T. Hughes, Jr., Stratford, CT (US);
Eugene A. Ryan, Shelton, CT (US);
Yek Kwong Eng, New Providence, NJ (US);
Mark Denat, Bedford, NY (US);
Peter J. Martyn, Ridgewood, NJ (US);
Daniel F. Moore, New Haven, CT (US);
Timothy Vincent, Shelton, CT (US);
Richard Justice, Lyme, NH (US);
John T. Hughes, Jr., Stratford, CT (US);
Eugene A. Ryan, Shelton, CT (US);
Yek Kwong Eng, New Providence, NJ (US);
Mark Denat, Bedford, NY (US);
Peter J. Martyn, Ridgewood, NJ (US);
The NASDAQ OMX Group, Inc., Rockville, MD (US);
Abstract
A system for determining an opening price for products traded over a distributed, networked computer system, includes a plurality of workstations for entering orders for financial products into the distributed, networked computer system and a server computer coupled to the workstations for receiving the orders. The server computer determines when a time just prior to an official opening time for opening regular trading has been reached, and executes a server process that determines an opening price for the product. The server process identifies the oldest of interest at the most aggressive price on each side of the market and selects the older interest of the identified interest to designate as initial interest. The server process matches initial interest against all contra side interest.