Reserve order in an electronic guaranteed entitlement environment

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United States of America Patent

SERIAL NO

11881064

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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An enhanced system and method for handling, matching and executing reserve orders in an electronic options environment is disclosed. Market maker entitlements are integrated with the reserve order processing, so that the market maker is guaranteed an allocation of the trade if the market maker is at the NBBO when a marketable reserve order is received. Once posted to the order book, only the displayed size of a reserve order is eligible for preferential execution in a market maker entitlement process.

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Patent Owner(s)

Patent OwnerAddress
NYSE GROUP INC11 WALL STREET NEW YORK NY 10005

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Adcock, Paul Burr Ridge, IL 15 264
Cormack, Michael Vancouver, CA 5 153
Farnstrom, Amy Oakland, CA 12 74
Haller, Thomas Longwood, FL 22 228
Hill, Robert LaGrange, IL 75 1440

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