IP Library › Patent Application 13897925
Patent Application
App. No. 13/897,925

SYSTEMS AND METHODS FOR INCREASING PARTICIPATION OF LIQUIDITY PROVIDERS ON CROSSING SYSTEM

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Quick Facts
Patent No.
US None
App. No.
13/897,925
Abstract

In one aspect, the invention comprises a system for enabling a crossing system operator to calculate a rebate payment to a second participant for executing the block order of a first participant based on at least one of: (a) a difference between a benchmark price and an execution price of the block order; (b) total volume of block execution; and (c) an amount that decays exponentially with the time between the first participant's order and the order's execution by a liquidity provider.

Claims (8)

1 . A system for enabling a crossing system operator to calculate a rebate payment to a second participant for executing the block order of a first participant based on at least one of:

(a) a difference between a benchmark price and an execution price of said block order;

(b) total volume of block execution; and

(c) an amount that decays exponentially with a time between said first participant's order and said order's execution by a liquidity provider.

2 . A system for enabling a crossing system operator to calculate a rebate payment to a first participant upon execution by a second participant of an order placed by said first participant, based on at least one of:

(a) a difference between a benchmark price and an execution price of said block order;

(b) total volume of said block execution; and

(c) an amount that decays exponentially with a time between said first participant's order and said order's execution by a liquidity provider.