Invention Grant
- Patent Title: System, method, and tool for synthetic order recovery
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Application No.: US17121368Application Date: 2020-12-14
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Publication No.: US11861701B2Publication Date: 2024-01-02
- Inventor: William Tigard Baker , Andrew Gottemoller , Filip Fracz
- 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: G06Q40/04
- IPC: G06Q40/04

Abstract:
A tool for synthetic order recovery is provided. An exemplary method for synthetic order recovery includes the features for detecting a server event associated with a synthetic order server identified by a synthetic order server identifier, wherein the synthetic order server is in communication with the recovery tool; determining at least one active synthetic order associated with the synthetic order server identifier; determining a child order status for each child order related to the at least one active synthetic order, wherein the child order status includes an updated child order quantity since the server event was detected, and wherein each child order is associated with the synthetic order server identifier; calculating an updated synthetic order quantity for each of the at least one active synthetic order and based on the updated child order quantity; generating a recovery package including the at least one active synthetic order and the updated synthetic order quantity; and communicating the recovery package to the synthetic order server associated with the synthetic order server identifier.
Public/Granted literature
- US20210125279A1 System, Method, and Tool for Synthetic Order Recovery Public/Granted day:2021-04-29
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