Automated auction protocol processor

Details Automated auction protocol processor Automated auction protocol processor

G - Physics

06

Q

G06Q 30/00 (2006.01)

Patent

CA 2493971

A data processing system for implementing transaction management of auction-based trading for specialized items such as fixed income instruments. The data processing system provides a highly structured trading protocol implemented through a sequence of trading paradigms. The system employs a distributed computer processing network linking together a plurality of commonly programmed controlled workstations. The protocol and its programmed controlling logic enhances trading efficiency, rewards market makers and fairly distributes market opportunity to system users.

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