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. 09, 2011
Filed:
May. 17, 2007
Henri Waelbroeck, Scarsdale, NY (US);
Brent Gamse, Glencoe, IL (US);
Fred J. Federspiel, Larchmont, NY (US);
Henri Waelbroeck, Scarsdale, NY (US);
Brent Gamse, Glencoe, IL (US);
Fred J. Federspiel, Larchmont, NY (US);
Pipeline Financial Group, Inc., New York, NY (US);
Abstract
In one aspect, the invention comprises a system for enabling a crossing system operator to calculate a rebate payment to a second participant for executing the block order of a first participant based on at least one of: (a) a difference between a benchmark price and an execution price of the block order; (b) total volume of block execution; and (c) an amount that decays exponentially with the time between the first participant's order and the order's execution by a liquidity provider.