System and method for quick quote configuration
US7542938B1 · kind B1 · utility
Assignee
Inventor
Key dates
| Filing date | Dec 28, 2004 |
| Grant date | Jun 2, 2009 |
| Priority date | — |
| Expiry date | Aug 2, 2026 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/00
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method and system are described for providing a trader with the ability to quickly configure the quoting side of a trading tool, without experiencing the normal delays associated with conventional methods of quoting. In spread trading, an automated spread trading tool may automatically work an order to buy or sell a tradeable object. A user may configure the trading tool to work an order in a certain tradeable object first. The system allows the user to essentially on-the-fly configure the trading tool to work a second order in another tradeable object, and in response to the change, the system can take specific actions such as deleting the order in the first tradeable object and automatically entering the second order in the other tradeable object. This allows the trader to trade quickly and efficiently.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.