Darkpool matching of orders with price discretion

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 10832324
APP PUB NO 20150317734A1
SERIAL NO

14701524

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ATTORNEY / AGENT: (SPONSORED)

Importance

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Abstract

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Various embodiments are directed to systems and methods for processing a discretion order in a dark pool matching environment. A first order to buy or sell a trading product is received from a computer of a first trader. The first order has a first price and a first size. A second order to buy or sell the trading product that is contra to the first order is received from a second trader. The second order defines a second quantity and a price range of possible prices at which the second order can be executed. The price range comprises at least a second price. The second quantity of the trading product is reserved in an OMS of the second trader such that the second quantity of the second order is permitted by the OMS to be executed at any price within the price range. The second order is received before or after the first order is received. A processor determines that the first price of the first order is within the price range of the second order. Responsive to the determination, two items are output to the second trader: (1) the price of the first order and (2) an execution indicia selectable by the second trader to cause at least a portion of the second order to be executed against at least a portion of the first order. The first price of the first order and the execution indicia are not output or otherwise disclosed to the second trader prior to the act of determining that the first price of the first order is within the price range of the second order.

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Patent Owner(s)

Patent OwnerAddress
CFPH LLC110 EAST 59TH STREET NEW YORK NY 10022

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Foley, Kevin New York, US 173 8212

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7.5 Year Payment $3600.00 $1800.00 $900.00 May 10, 2028
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