Patent ID: 8024254
Filing Date: 2011-09-20
Classification: G06Q

Abstract:
1. A method of determining an opening price for a product traded in a trading system, the method executed over a distributed computer network, said method comprising: determining, at a server on the distributed computer network, an opening price and an imbalance condition for the product based on buy and sell orders received prior to an opening of the trading system; generating at said server, a plurality of messages based on said imbalance; transmitting, by said server, at least one of said messages for receipt by a market maker node; wherein said at least one message indicates an imbalance on the side of the buy orders; transmitting, by said server, at least another of said messages for receipt by a market maker node; wherein said at least another message indicates an amount of shares a market maker at said market maker node may be called upon to sell at said opening price; receiving at said server, in response to said another message, a lock in from said market maker node indicating an amount of shares the market maker node will sell at the open; and determining, by said server that said locked in amount of shares were sold at the opening price.