SYSTEM AND METHOD FOR PUBLISHING LIQUIDITY REPLENISHMENT PRICES IN A HYBRID AUCTION MARKET
Patent №
US 8,024,247
Granted
2011-09-20
Filed 2005
Owner
NEW YORK STOCK EXCHANGE
Lab
—
AI components
1
kr
Assignment
Recorded
Dataset
AIPD
2023_r1 edition
Application
11183043
The system and method determines both a sweep liquidity offer price, and a momentum liquidity offer price. If the sweep liquidity offer price is less than the momentum liquidity offer price, the system and method publishes the sweep liquidity offer price. If the sweep liquidity offer price is greater than the momentum liquidity offer price, the system and method publishes the momentum liquidity offer price. In a similar fashion the system and method determines a sweep liquidity bid price and a momentum liquidity bid price, they are compared and the system and method publishes one.
AI classification
Ownership
NEW YORK STOCK EXCHANGE
assignment · 170440881
Assignors
BURKHARDT, ROGER, ALLEN, ANNE, MCSWEENEY, ROBERT, PASTINA, LOUIS G.
On an employer assignment, the assignors are typically the inventors.