US2024046355A1PendingUtilityA1
Systems and methods for establishing first on the follow trading priority in electronic trading systems
Est. expiryJan 9, 2026(expired)· nominal 20-yr term from priority
G06Q 40/04G06Q 40/00
87
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Abstract
A trading system transitions from a first state to a second state and may award a participant, when one or more criteria and/or a status of trading rights are met, with trading priority in the second state to trade on an incoming contra order. The participant may also have an associated order modified as a result of an incoming contra order and/or be caused to automatically trade on an incoming contra order.
Claims
exact text as granted — not AI-modified1 . A method comprising: transitioning an electronic trading system from a first state to a second state; and awarding a participant with trading priority in the second state with respect to an incoming contra order, when the participant satisfies a status of trading rights in the first state and when one or more predetermined criteria in the second state are satisfied.
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