Invention Grant
- Patent Title: System and method for reducing the risks involved in trading multiple spread trading strategies
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Application No.: US14200019Application Date: 2014-03-07
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Publication No.: US10037571B2Publication Date: 2018-07-31
- Inventor: Alexander D. Deitz , Sagy P. Mintz , David W. Garrison
- Applicant: Trading Technologies International, Inc.
- Applicant Address: US IL Chicago
- Assignee: Trading Technologies International, Inc.
- Current Assignee: Trading Technologies International, Inc.
- Current Assignee Address: US IL Chicago
- Agency: McDonnell Boehnen Hulbert & Berghoff LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00 ; G06Q40/04

Abstract:
System and methods for reducing the risks involved in trading multiple spread trading strategies in an electronic trading environment are provided. Specifically, reducing the risks involved in trading multiple spreads that share a leg by, among other things, quoting a single order in the shared leg instead of quoting orders for each of the corresponding spread legs. Based on the computed quote price for the single order, associating the single order with the leaned on price that results in the price closest to the inside market in the shared leg. The single quote order is based on the market conditions in the spread legs and the desired spread price. Once the single order fills, a hedge order is sent to the leg that obtains the most advantageous price for the spread based on the other spread options.
Public/Granted literature
- US20140297501A1 System and Method for Reducing the Risks Involved in Trading Multiple Spread Trading Strategies Public/Granted day:2014-10-02
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