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Order processing for automated market system

  • US 20030130926A1
  • Filed: 01/07/2002
  • Published: 07/10/2003
  • Est. Priority Date: 01/07/2002
  • Status: Abandoned Application
First Claim
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1. A method of trading securities in an electronic market, the method comprises:

  • receiving from an electronic communication network a grouped order representing customer orders that are grouped with respect to price;

    assigning a time receipt to components of the grouped order;

    displaying interest associated with the grouped order as a quote; and

    thereafter receiving from the electronic communication network subsequent grouped customer orders that are grouped with the initial interest according to price and assigning different time stamps to components of the subsequent grouped customer orders based on the time of receipt of the subsequent grouped orders; and

    matching components of the grouped order against interest in the market based on how the components of the grouped order interact with interest in the market.

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