System and method for facilitation cross orders

US10621666B2 · kind B2 · utility

Assignee

• IEX Group, Inc. · US

Inventors

• Bradley Katsuyama · New York, US
• Donald Bollerman · Yonkers, US
• Matthew Norbert Trudeau · Brooklyn, US
• John Schwall · New York, US
• Ronan Ryan · Morristown, US

Key dates

• Filing date: Sep 17, 2014
• Grant date: Apr 14, 2020
• Expiry date: Aug 29, 2035

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/08
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A number of techniques for improving electronic trading are disclosed. According to some embodiments, an electronic trading system may establish a new Facilitation Cross order type which automatically performs a number of trading steps in a single uninterrupted sequence so as to help a risk trader fulfill a client investor's trading request efficiently and with lower market risk.