Abstract: An enhanced system and method for handling, matching and executing a diverse group of limit-priced orders in an electronic options environment is disclosed. Most of the order types disclosed are automatically repriced and reposted as the NBBO changes to increase their execution opportunities. Market maker entitlements are integrated with the order processing, so that the market maker is guaranteed an allocation of the trade if the market maker is at the NBBO when an order priced at or better than the NBBO is received. Once posted to the order book, the displayed price of an order may be eligible for preferential execution in a market maker entitlement process, regardless of whether the displayed price is original or has been automatically repriced.

Abstract: An enhanced system and method for handling, matching and executing a diverse group of limit-priced orders in an electronic options environment is disclosed. Most of the order types disclosed are automatically repriced and reposted as the NBBO changes to increase their execution opportunities. Market maker entitlements are integrated with the order processing, so that the market maker is guaranteed an allocation of the trade if the market maker is at the NBBO when an order priced at or better than the NBBO is received. Once posted to the order book, the displayed price of an order may be eligible for preferential execution in a market maker entitlement process, regardless of whether the displayed price is original or has been automatically repriced.

Abstract: A method of shutting down operation of a fuel cell system comprising a fuel cell stack, the method comprising the sequential steps of: i) ceasing a supply of fuel to the fuel cell stack; ii) closing a shut-off valve on an exhaust line in fluid communication with a cathode system of the fuel cell system, the cathode system comprising a cathode fluid flow path passing through the fuel cell stack; iii) pressurising the cathode system with an air compressor in fluid communication with a cathode air inlet port in the fuel cell stack; and iv) ejecting water from the cathode flow path.

Abstract: An enhanced system and method for handling, matching and executing discretionary orders in an electronic options environment is disclosed. Market maker entitlements are integrated with the discretionary order processing, so that the market maker is guaranteed an allocation of the trade if the market maker is at the NBBO when an incoming discretionary order priced at or better than the NBBO is received. If the incoming discretionary order cannot execute at the NBBO using its display price, then it will use as much discretion as is required to participate in a market maker entitlement if the market maker is quoting at the NBBO, and to execute against the order book and route to away markets quotations at the NBBO. Once posted to the order book, only the display price of a discretionary order is eligible for preferential execution in a market maker entitlement process.

Abstract: A method of starting operation of a fuel cell system which includes at least a fuel cell stack. the method includes opening an anode inlet valve to allow fuel to enter an anode volume of the fuel cell stack; then operating an air compressor in fluid communication with a cathode air inlet of the fuel cell stack to allow air to enter a cathode volume of the fuel cell stack; monitoring the temperature of the cathode inlet and/or outlet and operating a water injection system to inject water into the cathode volume once the temperature of fluid passing through the cathode inlet and/or outlet exceeds a preset level, wherein a current drawn from the fuel cell stack is limited to prevent a voltage measured across one or more cells in the fuel cell stack from falling below a first voltage threshold.

Abstract: An enhanced system and method for handling, matching and executing a diverse group of limit-priced orders in an electronic options environment is disclosed. Most of the order types disclosed are automatically repriced and reposted as the NBBO changes to increase their execution opportunities. Market maker entitlements are integrated with the order processing, so that the market maker is guaranteed an allocation of the trade if the market maker is at the NBBO when an order priced at or better than the NBBO is received. Once posted to the order book, the displayed price of an order may be eligible for preferential execution in a market maker entitlement process, regardless of whether the displayed price is original or has been automatically repriced.

Abstract: An enhanced system and method for the “smart” routing of orders in an electronic options environment is disclosed. The method of routing includes different rules and protocols for orders that are allowed to route using a traditional intermarket linkage than for orders that are allowed to route using an alternative private direct connection or third-party service provider. The system and method of routing has at its basis a configurable, rules-based routing table that allows orders to be routed using different protocols based on the account type of the incoming order.

Abstract: An enhanced system and method for handling, matching and executing reserve orders in an electronic options environment is disclosed. Market maker entitlements are integrated with the reserve order processing, so that the market maker is guaranteed an allocation of the trade if the market maker is at the NBBO when a marketable reserve order is received. Once posted to the order book, only the displayed size of a reserve order is eligible for preferential execution in a market maker entitlement process.

Abstract: An enhanced system and method for handling, matching and executing discretionary orders in an electronic options environment is disclosed. Market maker entitlements are integrated with the discretionary order processing, so that the market maker is guaranteed an allocation of the trade if the market maker is at the NBBO when an incoming discretionary order priced at or better than the NBBO is received. If the incoming discretionary order cannot execute at the NBBO using its display price, then it will use as much discretion as is required to participate in a market maker entitlement if the market maker is quoting at the NBBO, and to execute against the order book and route to away markets quotations at the NBBO. Once posted to the order book, only the display price of a discretionary order is eligible for preferential execution in a market maker entitlement process.

Abstract: A fuel cell assembly provides for the delivery of fluid into a channel of a fluid flow field plate in alternating flow directions through the channel for delivery of the fluid to a membrane-electrode assembly. The fuel cell includes a fluid flow field plate having a channel for delivery of fluid to a membrane-electrode assembly, the channel having a first inlet/outlet port communicating therewith and a second inlet/outlet port communicating therewith; and a fluid delivery system connected to the fluid flow field plate adapted for bi-directional delivery of fluid into the channel of the fluid flow field plate.

Abstract: A fuel cell assembly supplies water and water vapour by-product to a cooling water circuit delivered to a thermal storage tank from which it can be recycled to the fuel cell stack as direct input to the membrane electrode assemblies, for use as fuel/oxidant preheat and/or direct water injection to the membrane electrode assembly. The purity of water delivered to the membrane is thereby assured. The thermal storage tank allows for a decoupling of the thermal and electrical loads on the fuel cell stack in a combined heat and electrical power delivery unit. Under low external electrical loads, the fuel cell stack and its cooling circuit may be used at high capacity to provide hot water.

Abstract: A passive liquidity order and related market center and process are disclosed which allows market participants to trade without displaying any part of their order to the public order book, while still directly interacting with the public marketplace according to price/time priority rules that give preference to displayed trading interest over nondisplayed trading interest at the same price level. The passive liquidity order is a nondisplayed order type which allows participants to provide liquidity to the marketplace without publicly divulging their trading intentions.

Abstract: A tracking liquidity order and related market center and process are disclosed which allow posting market centers (e.g. exchanges) to fill routable, smaller orders that would have otherwise routed off the posting market center. Such tracking liquidity orders increase the liquidity of that posting market center and allow it to execute more orders internally, without having to route them to an away market center.

Abstract: An unpriced order auction and related market center and process are disclosed which allow posting market centers (e.g., exchanges) to schedule an auction that includes unpriced (Market) orders only. Such unpriced order auction executes at the midpoint of the NBBO, ensuring that the cross reflects the best prices in the entire marketplace, while discouraging the manipulation of the auction price on the posting market center. The disclosed auction also executes concurrently, but separately from the regular continuous matching process.

Abstract: A program trade order process and related market center are disclosed which accumulate program trade orders throughout the trading day and execute the accumulated program trade orders at a designated time. The process disclosed provides trade reporting and order surveillance capabilities as well.

Abstract: A reprice-to-block order and related market center and process are disclosed which automatically reprice a posted limit order to the price of a block trade executed at an inferior price on a market away from the market center that posted the limit order.

Abstract: An anti-internalization order modifier and related market center and process are disclosed which prevent orders sent from the same trading firm from executing against one another on the posting market center the orders are posted on.

Abstract: A fuel cell assembly provides for direct water delivery to water injection points in the active area of fluid flow field plates of the assembly. The fluid flow field plate has a plurality of channels formed in the surface thereof which extend across the surface of the plate in a predetermined pattern, defining the active area of the plate. A distribution foil has a plurality of channels formed in a surface thereof which channels extend from a first edge of the distribution foil to a second edge of the distribution foil. The channels terminate at the second edge at positions substantially coincident with respective ones of the field plate channels at water injection points. A cover foil extends over the distribution foil to enclose the distribution foil channels and thereby form conduits for the water between the two foils.

Abstract: A fuel cell having an anode, a cathode and an ion exchange membrane is supplied by hydrogen fuel through an anode fuel delivery conduit. A recirculation loop is provided to recycle gases in the fuel delivery conduit to a mixing point where a controlled flow rate of fuel is supplied and mixed therewith. Any oxidant species remaining in the fuel delivery conduit are thereby combusted in a controlled manner to avoid damage to the fuel cell membrane-electrode assembly. Small quantities of oxidant may be deliberately introduced into the fuel delivery conduit to generate water vapour and heat to pre-condition the fuel delivered to the anode. Such preconditioning assists in hydration control of the membrane, and temperature control of the membrane-electrode assembly for optimum fuel cell performance.

Abstract: A bipolar fluid flow flied plate for a fuel cell delivers fuel to a porous anode electrode and oxidant to an adjacent porous cathode electrode. The flow field plate comprises an electrically conductive, non-porous sheet into which fluid flow conduits are formed. A first fluid flow channel is patterned into a first face of the sheet and a second fluid flow channel patterned into the opposite face of the sheet. The pattern of the first channel comprises an interdigitated comb that co-operates with a pattern of the second channel comprising a continous serpentine path, so that no portion of the first channel directly overlies the pattern of the second channel over a substantial active area of the sheet. This allows the channels to be formed with combined depths that exceed the total plate thickness, thereby increasing fluid flow volumes.