Patents by Inventor Andrew Ferguson Milne

Andrew Ferguson Milne has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Determination of implied orders in a trade matching system
    Patent number: 8442904
    Abstract: A computer implemented method for determining implied orders in an electronic trading system is provided. The method comprises receiving a first set of one or more real orders, wherein the orders are not tradable against each other. One or more implied orders are identified within the first set of real orders. Market data corresponding to the implied orders can also be identified. At least one additional order is received and the tradability of the additional order is determined against the real or implied orders within the first set of real orders. A resting set of orders is determined from those real and implied orders within the first set of orders not affected by the tradability of the additional order. Implied orders are determined from within the set of resting orders.
    Type: Grant
    Filed: June 25, 2012
    Date of Patent: May 14, 2013
    Assignee: New York Mercantile Exchange, Inc.
    Inventors: Andrew Ferguson Milne, Aleksandr Sedlin