Michael R Sacks

US Patent:

20180218444, Aug 2, 2018

Filed:

Jan 30, 2018

Appl. No.:

15/884352

Inventors:

- Jersey City NJ, US
Michael Sacks - New York NY, US

International Classification:

G06Q 30/08
G06Q 40/02
G06F 17/17

Abstract:

A computer-implemented method and platform enable a multi-phase, call auction for at least one asset. The method includes initiating the auction for at least one asset; conducting a pricing phase for a first period of time; calculating and publishing at least one calibrated mid-price curve for the asset(s); conducting a breathing phase for a second period of time, during which participants can evaluate the calibrated mid-price curve; conducting a matching phase for a third period of time; receiving at least one buy order and at least one sell order; and attempting to match one or more of the buy order(s) and one or more of the sell order(s). Buy order(s) and sell order(s) are anonymously matched and filled. During the matching phase, market gap(s) between or among orders are identified, and KeyChain orders to fill the market gaps are generated.