06377940 is referenced by 157 patents and cites 1 patents.

In an automated exchange system a method and a device which automatically checks the corresponding price in other exchange's order books is provided the exchange only allows a match if a better price cannot be found elsewhere. In a preferred embodiment the order is automatically transferred to the exchange having the better price if this is the case, and the order is further processed at that exchange the method and device provides means so that investors will not have to worry about getting a better price elsewhere, when entering bids into an automated exchange.

Title
Method and apparatus for setting a price for a security on an automated exchange based on a comparison of prices on other exchanges
Application Number
9/186155
Publication Number
6377940 (B2)
Application Date
November 5, 1998
Publication Date
April 23, 2002
Inventor
Gary Katz
Plainview
NY, US
Jan Tilfors
Stockholm
US
Agent
Frommer Lawrence & Haug
US
Agent
Stephen J Lieb
US
Assignee
International Securities Exchange
NY, US
IPC
G06F 17/60
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