Is a
Patent attributes
Patent Jurisdiction
Patent Number
Date of Patent
November 29, 2022
Patent Application Number
16776005
Date Filed
January 29, 2020
Patent Primary Examiner
CPC Code
A system and method determine rewards or other incentives for market participants submitting orders for financial instruments on a financial exchange. The system and method determine if orders submitted by one or more market participants are eligible for a reward or other incentive by identifying orders that are at a best bid or offer for a corresponding financial instrument. The system and method determine a number of eligible orders submitted by each of the one or more market participants and applies a reward or other incentive to a particular market participant with the most eligible orders or greatest aggregate size of eligible orders.
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