System and method for improved order entry using market depth
US8301541B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | May 2, 2006 |
| Grant date | Oct 30, 2012 |
| Priority date | — |
| Expiry date | Jul 16, 2027 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/06
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Market depth information pertaining to the hedging side is utilized to intelligently break a non-hedging order into multiple orders, such that the orders rest at cascading price levels. This way, the trader can benefit from sweeps in the book and still properly account for the market depth on the hedging side. Further, there is a greater probability of receiving “partials” on the spread order. In addition, hedge orders may be sent at multiple price levels, or sent to the market in pieces over time. By applying a more intelligent process to hedge orders (as opposed to “fire and forget”) an alternative beyond limit orders that can be leged or market orders is provided.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.