Apparatus and methods for processing composite trading orders

US7711644B2 · kind B2 · utility

Assignee

• BGC PARTNERS, INC. · US

Inventors

• Matthew W. Claus · Summit, US
• James R. Driscoll · New York, US
• Gregory P. Manning · New York, US
• Joseph C. Noviello · New York, US

Key dates

• Filing date: Apr 5, 2006
• Grant date: May 4, 2010
• Expiry date: Aug 5, 2028

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A system for processing a composite trading order comprises a memory operable to store market data received from one or more market centers. The system further comprises a processor operable to generate a composite value based at least in part on the market data. The processor is further operable to receive a composite trading order associated with at least a portion of the composite value. The processor is further operable to generate a plurality of constituent trading orders that, when filled, combine to satisfy the composite trading order.