06278982 is referenced by 506 patents and cites 22 patents.

A securities trading consolidation system where each customer uses a single trader terminal to view, and analyze security market information from and to conduct security transactions with two or more ECNs, or other comparable ATSs, alone or in combination with one or more electronic exchanges. A consolidating computer system supplies the market information and processes the transactions. The consolidating computer system aggregates order book information from each participating ECN order book computer including security, order identification, and bid/ask prices information. Bid and ask prices for participating electronic exchanges may be integrated into the display. The combined information is displayed to a customer by security and by bids and offers, and then sorted by price, volume and other available attributes as desired by the customer. The consolidating computer system forwards to each trading terminal information from only those market maker ECNs and electronic exchanges that the customer is an ECN member or electronic exchange user and thus entitled to receive.

Title
Securities trading system for consolidation of trading on multiple ECNS and electronic exchanges
Application Number
9/296096
Publication Number
6278982 (B1)
Application Date
April 21, 1999
Publication Date
August 21, 2001
Inventor
Keith P Chutjian
New York
NY, US
Kamran L Rafieyan
Basking Ridge
NJ, US
Richard A Korhammer
New York
NY, US
Agent
Bazerman & Drangel PC
US
Assignee
Lava Trading
NY, US
IPC
G06F 17/60
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