Invention Grant
- Patent Title: System and method for preventing cross trading
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Application No.: US13626879Application Date: 2012-09-25
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Publication No.: US08543482B2Publication Date: 2013-09-24
- Inventor: Harris Brumfield , Farley Owens
- 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

Abstract:
Information regarding the current state in the market is used to prevent orders from crossing. In an example provided herein, when an order is entered into a market, information regarding current positions in the market is taken into account to determine whether the order will cross with other orders. If the orders would cross, appropriate action is taken to prevent the crossing of orders in a way suitable for the person or persons trading. The teachings described herein may be used for any reason to prevent orders from crossing. Moreover, they may be used in other areas of trading to assist the trader in obeying any other rule or regulation that might involve analyzing current positions in the market before taking action.
Public/Granted literature
- US20130018775A1 System and Method for Preventing Cross Trading Public/Granted day:2013-01-17
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