05905974 is referenced by 599 patents and cites 15 patents.

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.

Title
Automated auction protocol processor
Application Number
8/766733
Publication Number
5905974
Application Date
December 13, 1996
Publication Date
May 18, 1999
Inventor
Bijoy Paul
North Brunswick
NJ, US
Howard Lutnick
New York
NY, US
Stuart A Fraser
Armonk
NY, US
Agent
Hopgood Calimafde Kalil & Judlowe
Assignee
Cantor Fitzgerald Securities
NY, US
IPC
G06F
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