US2013282553A1PendingUtilityA1

System and Method for Trading Derivatives in Penny Increments While Disseminating Quotes for Derivatives in Nickel/Dime Increments

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Individually held — no corporate assignee on recordPriority: May 5, 2005Filed: Jun 14, 2013Published: Oct 24, 2013
Est. expiryMay 5, 2025(expired)· nominal 20-yr term from priority
Inventors:Edward T. TillyChristopher Gust
G06Q 40/04
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Claims

Abstract

A system and method for trading derivatives in penny increments while disseminating quotes for derivatives in nickel/dime increments is disclosed. A trading engine receives quotes for a derivative in penny increments from at least one entity. The trading engine rounds out the quotes for the derivative in penny increments to quotes for the derivative in nickel/dime increments. The quotes in nickel/dime increments are aggregated and disseminated. The trading engine receives bids and offers to take positions in the derivative based on the aggregate quotes for the derivative in nickel/dime increments and executes trades for the derivative by matching bids and offers to buy and sell positions in the derivative.

Claims

exact text as granted — not AI-modified
1 . A method for trading derivatives, comprising:
 receiving quotes for a derivative in increments of hundredths of a monetary unit from at least one entity;   rounding out the quotes for the derivative in increments of hundredths of a monetary unit to quotes for the derivative in increments of twentieths/tenths of the monetary unit;   aggregating the quotes for the derivative in increments of twentieths/tenths of the monetary unit; and   disseminating the aggregated quotes for the derivative in increments of twentieths/tenths of the monetary unit.

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