Midprice trading within a spread market

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 8595121
APP PUB NO 20120109809A1
SERIAL NO

12938189

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Abstract

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A system and method is provided to allow traders to submit midprice orders to trade at a price within a spread of a market, preferably at the midpoint of a spread market, while maintaining anonymity of the midprice order. A midprice order is anonymous because other traders do not know whether the submitted midprice orders are orders to buy or orders to sell. A midprice order may remain active until it is traded with a contra midprice order or until a parameter associated with the order is breached, thereby resulting in cancellation of the midprice order.

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Patent Owner(s)

Patent OwnerAddress
BGC PARTNERS L P499 PARK AVENUE NEW YORK NY 10022

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Lutnick, Howard W New York, US 747 24152
Noviello, Joseph New York, US 85 963
Sweeting, Michael Aldershot, GB 186 3454

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