Patent SG-11201811179Y-A (SG)
Title: Interprocess communication facilitating sellside marketmaking
Inventor: LUTNICK HOWARD
IPC: G06Q30/02
Filed: 2017-06-14
Abstract: 105 103 109 101 (12) INTERNATIONAL APPLICATION PUBLISHED UNDER THE PATENT COOPERATION TREATY (PCT) (19) World Intellectual Property Organization International Bureau (43) International Publication Date 21 December 2017 (21.12.2017) WI P01 PCT ill~~~~~~~~ 011101tIIl Hot Elio° lino iflo oimIE (10) International Publication Number WO 2017/218678 Al (51) International Patent Classification: G06Q 30/02 (2012.01) (21) International Application Number: PCT/US2017/037493 (22) International Filing Date: 14 June 2017 (14.06.2017) (25) Filing Language: English (26) Publication Language: English (30) Priority Data: 62/350,141 14 June 2016 (14.06.2016) US 62/375,231 15 August 2016 (15.08.2016) US 62/376,665 18 August 2016 (18.08.2016) US (71) Applicant: BGC PARTNERS, INC. [US/US]; 499 Park Avenue, New York, NY 10022 (US). (72) Inventors: LUTNICK, Howard, W.; 110 East 59th Street, New York, NY 10022 (US). SWEETING, Michael; 110 East 59th Street, New York, NY 10022 (US). LYNN, Shaun; 110 East 59th Street, New York, NY 10022 (US). NORTON, Philip; 110 East 59th Street, New York, NY 10022 (US). WINTER, Rich; 110 East 59th Street, New York, NY 10022 (US). (74) Agent: MILLER, Mark et al.; Innovation Division, Cantor Fitzgerald, LP, 110 East 59th Street, New York, NY 10022 (US). (81) Designated States (unless otherwise indicated, for every kind of national protection available): AE, AG, AL, AM, AO, AT, AU, AZ, BA, BB, BG, BH, BN, BR, BW, BY, BZ, CA, CH, CL, CN, CO, CR, CU, CZ, DE, DJ, DK, DM, DO, DZ, EC, EE, EG, ES, FI, GB, GD, GE, GH, GM, GT, HN, HR, HU, ID, IL, IN, IR, IS, JO, JP, KE, KG, KH, KN, KP, KR, KW, KZ, LA, LC, LK, LR, LS, LU, LY, MA, MD, ME, MG, MK, MN, MW, MX, MY, MZ, NA, NG, NI, NO, NZ, OM, PA, PE, PG, PH, PL, PT, QA, RO, RS, RU, RW, SA, SC, SD, SE, SG, SK, SL, SM, ST, SV, SY, TH, TJ, TM, TN, TR, TT, TZ, UA, UG, US, UZ, VC, VN, ZA, ZM, ZW. (84) Designated States (unless otherwise indicated, for every kind of regional protection available): ARIPO (BW, GH, GM, KE, LR, LS, MW, MZ, NA, RW, SD, SL, ST, SZ, TZ, UG, ZM, ZW), Eurasian (AM, AZ, BY, KG, KZ, RU, TJ, TM), European (AL, AT, BE, BG, CH, CY, CZ, DE, DK, EE, ES, FI, FR, GB, GR, HR, HU, IE, IS, IT, LT, LU, LV, MC, MK, MT, NL, NO, PL, PT, RO, RS, SE, SI, SK, SM, TR), OAPI (BF, BJ, CF, CG, CI, CM, GA, GN, GQ, GW, KM, ML, MR, NE, SN, TD, TG). (54) Title: INTERPROCESS COMMUNICATION FACILITATING SELLSIDE MARKETMAKING Figure 1 (57) : An electronic exchange platform configured to: receive respective list of approved Buyside participants for each of a plurality of marketmaking orders; receive a respective marketmaking order for a side of trades on the financial instrument from each of the plurality of Sellside participants; peg a price for the received marketmaking orders to a price relative to and multiple ticks behind a best price on the side in an order book; present market information to Buyside participants identifying marketmaking orders for which the Buyside participants are approved; receive a contra order from a Buyside participant that is approved to trade with a subset of the plurality of marketmaking orders, in which the contra order identifies preferred Sellside participants; distribute the contra order; and determine new best bid and offer in response to the distribution; and adjust remaining marketmaking offers to retain peg in response to determining new best bid or offer. [Continued on next page] WO 2017/218678 Al MIDEDIM01101 DIDIROMEHI1111111111111111111111101111111111111111111 Published: with international search report (Art. 21(3)) before the expiration of the time limit for amending the claims and to be republished in the event of receipt of amendments (Rule 48.2(h))