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METHODS AND SYSTEMS FOR MATCHING BUY AND SELL ORDERS

  • US 20120296795A1
  • Filed: 05/20/2011
  • Published: 11/22/2012
  • Est. Priority Date: 05/20/2011
  • Status: Abandoned Application
First Claim
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1. A method for matching buy and sell orders, comprising:

  • determining, using a microprocessor, an optimized price point within a market spread that maximizes the number of shares matched for a matching event given a plurality of buyer-side and seller-side orders wherein each order defines at least a number of shares and an acceptable price range criteria;

    selecting, with the microprocessor, executable buyer-side and seller-side orders for a matching event by filtering the plurality of buyer-side and seller-side orders to select those orders eligible to participate based on the optimized price point;

    evenly allocating shares between the executable buyer-side and seller-side orders, using the microprocessor, by mapping available shares between the seller-side and buyer-side orders based on a round-lot base allocation; and

    distributing, using the microprocessor, the allocated shares from the seller-side orders to the buyer-side orders.

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