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:
Jul. 30, 2013
Filed:
Aug. 09, 2010
Stuart A. Fraser, Armonk, NY (US);
Philip M. Ginsberg, New York, NY (US);
Glenn D. Kirwin, Scarsdale, NY (US);
Howard W. Lutnick, New York, NY (US);
Stuart A. Fraser, Armonk, NY (US);
Philip M. Ginsberg, New York, NY (US);
Glenn D. Kirwin, Scarsdale, NY (US);
Howard W. Lutnick, New York, NY (US);
CFPH, LLC, New York, NY (US);
Abstract
Systems and methods for electronic trading that provide incentives to users of a trading system. The systems and methods may monitor a trading activity of the user and determine that the orders submitted by the user over a period of time exceed a first pre-determined threshold. Systems and methods also determine that a spread of the plurality of orders exceeds a second pre-determined threshold. Based on these determinations, the user is designated as qualifying for a special status, which entitles the user to incentives in trading. Systems and methods apply the incentives to an order submitted by the user. One such incentive provides the user with a priority in a trading queue, where orders submitted by the user are executed in advance of other orders in the trading queue.