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US 2016/0078538 A1Published application
System and method for a semi-lit market
AssigneeIEX Group, Inc.
InventorsBradley Katsuyama, Daniel Aisen
Life of this patent
Estimating the term…
Abstract
A number of techniques for improving electronic trading are disclosed. According to some embodiments, an electronic trading system may selectively disclose to, or withhold from, trade participants order book data depending on whether each participant's trade order meets a predetermined threshold price and/or threshold size or other criteria.
Claims14
A computer-implemented method for electronic trading, the method comprising:
- maintaining an order book in an electronic trading system;
- determining, based on at least one parameter of an order submitted by a trade participant, whether to permit the trade participant to access a selected portion of said order book;
- and
- selectively disclosing order book data to or withholding order book data from the trade participant based on the step of determining.
1 more element
A computer-implemented apparatus comprising:
- at least one computer processor and at least one communication interface that are configured to:
- maintain an order book in an electronic trading system;
- determine, based on at least one parameter of an order submitted by a trade participant, whether to permit the trade participant to access a selected portion of said order book;
- and
- selectively disclose order book data to or withholding order book data from the trade participant based on the step of determining.
2 more elements
Dependencies are inferred from the claim text.