Patent №
US 7,209,896
Granted
2007-04-24
Filed 1999
Owner
NASDAQ STOCK MARKET, INC., THE
Lab
—
AI components
1
planning
Assignment
Recorded
Dataset
AIPD
2023_r1 edition
Application
09401892
A system for handling quotes in an electronic market is described. The system includes a lock/cross quote detector which determines whether a quote which is entered into the market system would lock or cross other quotes in the market system and a quote formatter that receives quotes that, if entered, would lock or cross the market and reformats the quotes as marketable liability orders. The system includes a routing process that routes reformatted quotes as marketable liability orders to a market participant whose quote was locked or crossed.
AI classification
Ownership
NASDAQ STOCK MARKET, INC., THE
assignment · 141640141
Assignors
MARTYN, PETER J., MALITZIS, JOHN, SERKIN, STUART, KETCHUM, RICHARD G.
On an employer assignment, the assignors are typically the inventors.