System and Method for Tracking Priority Interests in a Financial Trading System

An electronic trading platform can perform automated trading of one or more types of financial instruments (e.g., equities or options). Interests (e.g., quotes, set of quotes, bids and offers) of market participants are analyzed to determine if they qualify as a "Priority Interest" when an...

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Bibliographische Detailangaben
Hauptverfasser:	ROSS, JR. RICHARD S, BROWN SHELLY
Format:	Patent
Sprache:	eng
Schlagworte:	CALCULATING COMPUTING COUNTING DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES PHYSICS SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:	An electronic trading platform can perform automated trading of one or more types of financial instruments (e.g., equities or options). Interests (e.g., quotes, set of quotes, bids and offers) of market participants are analyzed to determine if they qualify as a "Priority Interest" when an initiating interest is matched with resting interest on the contraside. If one or more interests qualify as a Priority Interest, the corresponding participant who submitted the corresponding interest may remain eligible for allocation in a Market Maker allocation tier. Allocation as a Market Maker with Priority Interest includes, but is not limited to, in combination or individually: (1) allocation ahead of or preference over other equal-priced interest, (2) Market Maker standard fees for trades corresponding to the interest, and/or (3) trades resulting from Priority Interest may count towards a Market Maker's volume requirement(s) in its appointed classes.