Patent ID: 7702572
Filing Date: 2010-04-20
Classification: G06Q

Abstract:
1. A method comprising: receiving by at least one programmed computer data on a financial instrument, wherein the data includes: calculating by the at least one programmed computer an enhanced volume-weighted average price for the financial instrument based at least in part on the trade data, wherein calculating the enhanced volume-weighted average price includes: calculating by the at least one programmed computer another enhanced volume-weighted average price for the financial instrument based at least in part on the order data, wherein calculating the another enhanced volume-weighted average price includes: (2) a difference between the order price and the enhanced volume-weighted average price; and calculating by the at least one programmed computer at least one additional enhanced volume-weighted average price for the financial instrument based at least in part on the another enhanced volume-weighted average price and the received data; and communicating by the at least one programmed computer via a communications network to at least another programmed computer the additional enhanced volume-weighted average price.