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. 09, 2013
Filed:
Apr. 18, 2002
Bradley J. Swearingen, Round Rock, TX (US);
David S. Harding, Austin, TX (US);
Brant C. Lewis, Austin, TX (US);
Richard Munoz, Jr., Cedar Park, TX (US);
Gregory Scott Mogonye, Austin, TX (US);
Bradley J. Swearingen, Round Rock, TX (US);
David S. Harding, Austin, TX (US);
Brant C. Lewis, Austin, TX (US);
Richard Munoz, Jr., Cedar Park, TX (US);
Gregory Scott Mogonye, Austin, TX (US);
Charles Schwab & Co., San Francisco, CA (US);
Abstract
A computerized system () and method for obtaining the best fill for an order using automated suborders is disclosed. The system () includes a client system () that proves a user interface () for inputting an order and a single click operation for initiating the order. The system () also includes a server system () that is in communication with the client system () and a plurality of trade execution locations (). When the server system () receives the order from the client system (), the server system () parses the order into a plurality of suborders. The server system () then sends each of the suborders to one of the market participants which are selected and sorted based upon having the best available price for a particular suborder. As such, if all of the suborders are filled, the best price is obtained for the order.