Invention Grant
- Patent Title: System and method for automated order entry on short queues
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Application No.: US14262955Application Date: 2014-04-28
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Publication No.: US10600120B2Publication Date: 2020-03-24
- Inventor: Steven F. Borsand , Michael J. Burns , Scott F. Singer
- 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:
Orders are automatically sent to the market when certain user defined conditions are met. In particular, a trader can configure the trading application to automatically send orders for preset quantities at price levels with queues falling below a user defined threshold. The length of queues may be measured in several ways, for example, the queue length could be measured by quantity at a given price level or the queue length could be measured by the number of orders at a given price level, or the queue length could be measured by a combination of quantity and orders. The present embodiments can more quickly recognize opportunities and send an order to take advantage of it than a trader can do manually. Other advantages and features are described herein.
Public/Granted literature
- US20140236802A1 SYSTEM AND METHOD FOR AUTOMATED ORDER ENTRY ON SHORT QUEUES Public/Granted day:2014-08-21
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