Process for providing timely quality indication of market trades
AssigneeNYSE Group, Inc.
InventorsPeter Hansen, Nicolay Landmark, Lars Kragh
Life of this patent
Estimating the term…
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AssigneeNYSE Group, Inc.
InventorsPeter Hansen, Nicolay Landmark, Lars Kragh
Estimating the term…
Real time or near real time assessment of the quality of securities transactions is accomplished by intercepting order and execution communications between trader and broker, comparing the execution data with contemporaneous market data relative to the transaction or transactions involved, and informing the trader of that comparison. This is accomplished without interrupting or impeding the trader-broker communications, except that a broker-trader communication may, if desired, be interrupted and relevant data aggregated until the aggregate reaches a desired value. It is preferred that the comparison be between the volume-weighted average price of the securities transaction and the volume-weighted average price of the market data for that security, over the life of the order. A particular effective way to communicate the quality evaluation to the trader is disclosed.
A computer system comprising:
A computer software product, comprising a non-transitory computer-readable storage medium having machine-readable instructions stored thereon for execution by at least one processor, the machine-readable instructions causing the at least one processor to perform a method comprising:
A method comprising:
Dependencies are inferred from the claim text.