Patents by Inventor Michael Adam Newell

Michael Adam Newell 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).

  • Market on close system, method and program product
    Patent number: 8595120
    Abstract: A system and method for providing a market on-close operation for a market is provided. Buy orders and sell orders for tradeable assets are obtained. A time of market close is obtained. A respective buy order is matched to a respective sell order, but without a price. The respective order quantity match is locked-in without a price. A close price for the tradeable asset in the given primary market is obtained and the quantity match is executed. A fill message is transmitted to the respective buyer and the respective seller with the quantity matched and the close price for the tradeable asset.
    Type: Grant
    Filed: September 29, 2010
    Date of Patent: November 26, 2013
    Assignee: BATS Global Markets, Inc.
    Inventor: Michael Adam Newell