System and method for automatically distributing a trading order over a range of prices
US8566213B2 · kind B2 · utility
33Cited by
51References
39Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | May 20, 2005 |
| Grant date | Oct 22, 2013 |
| Priority date | — |
| Expiry date | Apr 24, 2029 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/04
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
According to one embodiment, a method of managing trading is provided. A trading order intended for a trading exchange is received from a trader, the trading order having an associated trading order price. A group of distributed trading orders is automatically generated based at least on the trading order price and a set of pre-configured distribution parameters associated with the trading order. The group of distributed trading orders is distributed over a multiple price levels. The generated group of distributed trading orders is automatically submitted to the trading exchange.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.