Cost-adjusting order/quote engine
AssigneeCfph, LLC
InventorsDavid Weiss, Antonio Papageorgiou
Life of this patent
Estimating the term…
Abstract
Methods and systems are provided that include an order and/or quote engine that automatically adjusts bid, ask, or any other type of order prices to reflect some or all of the costs associated with a trade in an underlying item between a particular party receiving the order or orders accounting for specific costs associated with the party receiving the orders and in certain instances specific costs between the party receiving the order and the party submitting the order.
Claims1
A system comprising a processor and memory, the memory having software associated therewith that when executed causes the processor to perform a method comprising:
- receiving a request for market data on an item from a computing device associated with a first user;
- receiving a request for market data on the item from a computing device associated with a second user;
- retrieving market data for the item, the market data comprising a price associated with an order for the item;
- retrieving user specific cost data associated with each of the first and second users;
- determining a normalized price for the order for each of the first and second users based on the respective user specific cost data associated with each of the first and second users;
- causing an interface screen to be displayed at the first and second user computing devices, the interface screen displayed for the first user comprising the normalized price for the first user and the interface screen displayed for the second user comprising the normalized price for the second user, wherein the normalized price for the first user differs from the normalized price for the second user.
Dependencies are inferred from the claim text.