Invention Grant
- Patent Title: Cover-OCO for legged order
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Application No.: US15962516Application Date: 2018-04-25
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Publication No.: US10540718B2Publication Date: 2020-01-21
- Inventor: Patrick J. Rooney
- 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:
A position associated with a synthetic spread order may be managed where a status of a synthetic spread order is identified as legged. The synthetic spread order may have at least one child hedge order pending at an electronic exchange and in response, a bracket order is submitted to an electronic exchange for the tradable object associated with a filled leg of the synthetic spread. In response to execution of the bracket order, the child hedge order may be cancelled.
Public/Granted literature
- US20180240189A1 Cover-OCO For Legged Order Public/Granted day:2018-08-23
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