Invention Grant
- Patent Title: System and method for timed order entry and modification
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Application No.: US15727194Application Date: 2017-10-06
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Publication No.: US10726482B2Publication Date: 2020-07-28
- Inventor: Michael L. Fishbain , Sagy Pundak Mintz , Stephen J. Murphy
- 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 ; G06Q40/06 ; G06Q40/04

Abstract:
A system and method for defining and processing timed orders are defined. According to one embodiment, a trader may define a timed order by defining an intra-day time trigger or a time period when the timed order should be automatically modified, such as deleted or cancelled/replaced with a new order. In one embodiment, the intra-day time trigger or time period may be dynamically changed to a later time, for example, upon receiving a predetermined user input. Also, the time trigger and time period may be configured to dynamically vary based on any user configurable formula. Also, the timed order may be associated with one or more actions to be taken once the order is deleted, such as sending a new order, for example.
Public/Granted literature
- US20180033084A1 System and Method for Timed Order Entry and Modification Public/Granted day:2018-02-01
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