发明申请
- 专利标题: HYBRID TRADING SYSTEM FOR CONCURRENTLY TRADING SECURITIES OR DERIVATIVES THROUGH BOTH ELECTRONIC AND OPEN-OUTCRY TRADING MECHANISMS
- 专利标题(中): 混合交易系统,用于通过电子和开放式交易机制共同交易证券或衍生产品
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申请号: US12560981申请日: 2009-09-16
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公开(公告)号: US20100082473A1公开(公告)日: 2010-04-01
- 发明人: Eileen C. Smith , Anthony Montesano , Edward T. Tilly , Mark A. Esposito , Stuart J. Kipnes , Anthony J. Carone
- 申请人: Eileen C. Smith , Anthony Montesano , Edward T. Tilly , Mark A. Esposito , Stuart J. Kipnes , Anthony J. Carone
- 专利权人: CHICAGO BOARD OPTIONS EXCHANGE, INCORPORATED
- 当前专利权人: CHICAGO BOARD OPTIONS EXCHANGE, INCORPORATED
- 主分类号: G06Q40/00
- IPC分类号: G06Q40/00
摘要:
A system and method of allocating orders in an exchange configured for trading by a combination of electronic and open-outcry trading mechanisms is provided. One method includes permitting multiple quotes to be disseminated to the market, but limiting market making to only those entities having a physical presence on the floor of the exchange. Methods of enhancing the hybrid electronic and open-outcry exchange also include automatically eliminating crossed quotes and locked quotes while permitting certain orders to trade against locked quotes.
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