System, method, and computer program product for executing a buy or sell order
US8306900B2 · kind B2 · utility
9Cited by
8References
30Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | Jun 10, 2003 |
| Grant date | Nov 6, 2012 |
| Priority date | — |
| Expiry date | Apr 15, 2028 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/04
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
An auto-trading strategy for executing an order to buy or sell a specified quantity of a certain item. The strategy utilizes urgency scores rather than time bins. In one embodiment, an urgency score is determined at a certain point in time. The urgency score is a function of a trading target associated with the point in time and the actual number of items that have been traded as of the certain point in time.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.