Is a
Patent attributes
Patent Jurisdiction
Patent Number
Patent Inventor Names
Edward R. Howorka0
Date of Patent
June 22, 2010
0Patent Application Number
111973290
Date Filed
August 5, 2005
0Patent Primary Examiner
Patent abstract
Price improvement in credit screened trading systems is achieved by entering a maximum price improvement (MPI) amount with a maker quote. The system prepares separate quote queues for each trading floor including only quotes where bilateral credit exists. Quotes are arranged using Price, MPI, time priority. When a quote is dealt, a dealable price improvement is calculated as the amount of the MPI required to improve the dealt quote's position in the queue.
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