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:
Apr. 12, 2011
Filed:
Mar. 09, 2005
Frank Hatheway, Chevy Chase, MD (US);
Daniel F. Moore, New Haven, CT (US);
Timothy E. Cox, Brooklyn, NY (US);
Peter J. Martyn, Ridgewood, NJ (US);
Dan B. Franks, Clearwater, FL (US);
Adam S. Nunes, Brooklyn, NY (US);
Timothy Mccormick, Rockville, MD (US);
Frank Hatheway, Chevy Chase, MD (US);
Daniel F. Moore, New Haven, CT (US);
Timothy E. Cox, Brooklyn, NY (US);
Peter J. Martyn, Ridgewood, NJ (US);
Dan B. Franks, Clearwater, FL (US);
Adam S. Nunes, Brooklyn, NY (US);
Timothy McCormick, Rockville, MD (US);
The Nasdaq OMX Group, Inc., Rockville, MD (US);
Abstract
A method, executed in a computer system, for opening an electronic market for trading of a security is described. The method includes receiving by the computer system eligible orders and quotes for the security traded in the electronic market and disseminating an order imbalance indicator indicative of predicted trading characteristics of the security at the open of trading. The method also includes determining by the computer system a price or prices at which the maximum shares would be executed and determining which price would minimize any imbalance of eligible orders and executing at least some of the eligible orders at the determined opening price.