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.

Date of Patent:
May. 05, 2015

Filed:

Oct. 21, 2008
Applicants:

Adam Nunes, Brooklyn, NY (US);

Charles Mack, South Amboy, NJ (US);

Constantine Sokoloff, New York, NY (US);

Inventors:

Adam Nunes, Brooklyn, NY (US);

Charles Mack, South Amboy, NJ (US);

Constantine Sokoloff, New York, NY (US);

Assignee:

The NASDAQ OMX Group, Inc., New York, NY (US);

Attorney:
Primary Examiner:
Int. Cl.
CPC ...
G06Q 40/00 (2012.01); G06Q 40/04 (2012.01); G06Q 40/06 (2012.01); G06Q 40/02 (2012.01);
U.S. Cl.
CPC ...
G06Q 40/04 (2013.01); G06Q 40/025 (2013.01); G06Q 40/02 (2013.01); G06Q 40/00 (2013.01); G06Q 40/06 (2013.01);
Abstract

Amongst other things, a computer implemented method for releasing a security for trading in a trading venue includes determining volatility in prices of quotations for a security before the security is released for trading; comparing the determined volatility to a volatility threshold; calculating an adjusted price of the quotations based on the output of the determined volatility in the prices; sending a message to release the security for trading, with the security having the adjusted price that is based on the outcome of comparing.


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