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Computer-implemented securities trading system

  • US 8,606,685 B2
  • Filed: 09/04/2003
  • Issued: 12/10/2013
  • Est. Priority Date: 03/25/1996
  • Status: Expired due to Fees
First Claim
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1. A method, comprising:

  • determining, using a computing device, an initial price of a financial instrument based at least in part on an estimated revenue for a movie, in which the financial instrument represents the movie;

    receiving an order to buy the financial instrument;

    receiving an order to sell the financial instrument;

    determining, using the computing device, an imbalance between a quantity of received buy orders and a quantity of received sell orders for the financial instrument;

    determining, using the computing device, a price of the financial instrument based at least in part on the imbalance; and

    executing a trade on the financial instrument at the determined price.

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