公开(公告)号：US20140236805A1

公开(公告)日：2014-08-21

申请号：US14265303

申请日：2014-04-29

Applicant: Trading Technologies International, Inc.

Inventor： Fred Monroe

IPC: G06Q40/04

CPC classification number: G06Q40/04 ,  G06Q30/00 ,  G06Q30/0601 ,  G06Q40/00 ,  G06Q40/06

Abstract: A system and method for fee-based order priority level modification in an electronic trading environment are described. When an order reaches an exchange, a priority level of the order may be changed to a higher priority level, and the priority level of the order initially at the higher priority level may be changed to a lower priority level of the received order. In one embodiment, a trader who is gaining a higher priority level will be preferably charged a fee for having his order moved to the higher priority level, and at least a portion of that fee may be paid to a trader who is giving up his high priority level.

Abstract translation: 描述电子交易环境中基于费用订单优先级修改的系统和方法。 当订单到达交换时，该订单的优先级可以改变到更高的优先级，并且最初在较高优先级的订单的优先级可以改变为接收到的订单的较低优先级。 在一个实施例中，获得较高优先级的交易者将被优先收取将其订单移动到较高优先级的费用，并且该费用的至少一部分可以支付给放弃高价位的交易者 优先级。

公开(公告)号：US20140095374A1

公开(公告)日：2014-04-03

申请号：US14044943

申请日：2013-10-03

Applicant: TRADING TECHNOLOGIES INTERNATIONAL INC.

Inventor： Fred Monroe

IPC: G06Q40/00

CPC classification number: G06Q40/04

Abstract: A system and method for trading order priority levels in an electronic trading environment are described. In one embodiment, a trader who is willing to have his order moved from a high priority level to a lower priority level in an order queue may advertise his willingness to do so, and other traders can place bids for the high priority level. In such an embodiment, for example, a bidder who places the highest bid or whose bid is received first may get the high priority level in the order queue in exchange for the paid fee.

Abstract translation: 描述用于在电子交易环境中交易订单优先级的系统和方法。 在一个实施例中，愿意将订单从订单队列中的高优先级移动到较低优先级的交易者可以宣布他愿意这样做，并且其他交易者可以对高优先级进行出价。 在这样的实施例中，例如，首先收到最高出价的投标人或首先收到的投标人可以获得订单队列中的高优先级，以换取付费费用。

公开(公告)号：US20130332328A1

公开(公告)日：2013-12-12

申请号：US13854685

申请日：2013-04-01

Applicant: Trading Technologies International, Inc.

Inventor： Fred Monroe ,  Michael J. Burns ,  Scott F. Singer

IPC: G06Q40/04

CPC classification number: G06Q40/04 ,  G06Q40/00 ,  G06Q40/06

Abstract: Market depth information pertaining to the hedging side is utilized to intelligently break a non-hedging order into multiple orders, such that the orders rest at cascading price levels. This way, the trader can benefit from sweeps in the book and still properly account for the market depth on the hedging side. Further, there is a greater probability of receiving “partials” on the spread order. In addition, hedge orders may be sent at multiple price levels, or sent to the market in pieces over time. By applying a more intelligent process to hedge orders (as opposed to “fire and forget”) an alternative beyond limit orders that can be legged or market orders is provided.

Abstract translation: 利用与对冲方有关的市场深度信息来智能地将非对冲订单分解成多个订单，使得订单以级联价格水平搁置。 这样，交易者可以从书中的扫描中受益，仍然适当地考虑对冲市场的深度。 此外，在扩展订单上接收“部分”的可能性更大。 此外，套期订单可能会以多个价格水平发送，或随时间发送到市场。 通过应用更聪明的过程来对冲订单（而不是“火灾和忘记”），超出限制订单的替代方案，可以提供有限的订单或市场订单。

公开(公告)号：US20150046311A1

公开(公告)日：2015-02-12

申请号：US14311282

申请日：2014-06-21

Applicant: Trading Technologies International, Inc.

Inventor： Fred Monroe ,  Michael J. Burns ,  Scott F. Singer

IPC: G06Q40/04

CPC classification number: G06Q40/04 ,  G06Q40/00 ,  G06Q40/06

Abstract: Market depth information pertaining to the hedging side is utilized to intelligently break a non-hedging order into multiple orders, such that the orders rest at cascading price levels. This way, the trader can benefit from sweeps in the book and still properly account for the market depth on the hedging side. Further, there is a greater probability of receiving “partials” on the spread order. In addition, hedge orders may be sent at multiple price levels, or sent to the market in pieces over time. By applying a more intelligent process to hedge orders (as opposed to “fire and forget”) an alternative beyond limit orders that can be legged or market orders is provided.

Abstract translation: 利用与对冲方有关的市场深度信息来智能地将非对冲订单分解成多个订单，使得订单以级联价格水平搁置。 这样，交易者可以从书中的扫描中受益，仍然适当地考虑对冲市场的深度。 此外，在扩展订单上接收“部分”的可能性更大。 此外，套期订单可能会以多个价格水平发送，或随时间发送到市场。 通过应用更聪明的过程来对冲订单（而不是“火灾和忘记”），超出限制订单的替代方案，可以提供有限的订单或市场订单。

公开(公告)号：US20130317970A1

公开(公告)日：2013-11-28

申请号：US13953300

申请日：2013-07-29

Applicant: Trading Technologies International, Inc.

Inventor： Fred Monroe

IPC: G06Q40/04

CPC classification number: G06Q40/04 ,  G06Q30/00 ,  G06Q30/0601 ,  G06Q40/00 ,  G06Q40/06

Abstract: A system and method for fee-based order priority level modification in an electronic trading environment are described. When an order reaches an exchange, a priority level of the order may be changed to a higher priority level, and the priority level of the order initially at the higher priority level may be changed to a lower priority level of the received order. In one embodiment, a trader who is gaining a higher priority level will be preferably charged a fee for having his order moved to the higher priority level, and at least a portion of that fee may be paid to a trader who is giving up his high priority level.

Abstract translation: 描述电子交易环境中基于费用订单优先级修改的系统和方法。 当订单到达交换时，该订单的优先级可以改变到更高的优先级，并且最初在较高优先级的订单的优先级可以改变为接收到的订单的较低优先级。 在一个实施例中，获得较高优先级的交易者将被优先收取将其订单移动到较高优先级的费用，并且该费用的至少一部分可以支付给放弃高价位的交易者 优先级。

公开(公告)号：US20220383414A1

公开(公告)日：2022-12-01

申请号：US17884919

申请日：2022-08-10

Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.

Inventor： Michael J. Burns ,  Fred Monroe

IPC: G06Q40/04 ,  G06Q20/38 ,  G06Q40/02 ,  G06Q40/00

Abstract: A trading system is described herein for hosting a collection of one or more electronic exchanges. The collection of electronic exchanges may be made up of separately designated exchanges under one or more authorizing and regulating bodies. The trading system receives from traders bids to purchase and offers to sell a tradeable object listed at one of the electronic exchanges. Then, the trading system directs the bids and offers to the appropriate exchange where the bids and offers may be automatically matched in the corresponding market. The trading system may also be used to take actions in one or more markets that are internal and external to the trading system on behalf of a trader using preprogrammed trading instructions.

公开(公告)号：US11449933B2

公开(公告)日：2022-09-20

申请号：US14132936

申请日：2013-12-18

Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.

Inventor： Michael J. Burns ,  Fred Monroe

IPC: G06Q40/04 ,  G06Q40/00 ,  G06Q20/38 ,  G06Q40/02

Abstract: A trading system is described herein for hosting a collection of one or more electronic exchanges. The collection of electronic exchanges may be made up of separately designated exchanges under one or more authorizing and regulating bodies. The trading system receives from traders bids to purchase and offers to sell a tradeable object listed at one of the electronic exchanges. Then, the trading system directs the bids and offers to the appropriate exchange where the bids and offers may be automatically matched in the corresponding market. The trading system may also be used to take actions in one or more markets that are internal and external to the trading system on behalf of a trader using preprogrammed trading instructions.

公开(公告)号：US08799144B2

公开(公告)日：2014-08-05

申请号：US13854685

申请日：2013-04-01

Applicant: Trading Technologies International, Inc.

Inventor： Fred Monroe ,  Michael J. Burns ,  Scott F. Singer

IPC: G06Q40/00

CPC classification number: G06Q40/04 ,  G06Q40/00 ,  G06Q40/06

Abstract: Market depth information pertaining to the hedging side is utilized to intelligently break a non-hedging order into multiple orders, such that the orders rest at cascading price levels. This way, the trader can benefit from sweeps in the book and still properly account for the market depth on the hedging side. Further, there is a greater probability of receiving “partials” on the spread order. In addition, hedge orders may be sent at multiple price levels, or sent to the market in pieces over time. By applying a more intelligent process to hedge orders (as opposed to “fire and forget”) an alternative beyond limit orders that can be legged or market orders is provided.

Abstract translation: 利用与对冲方有关的市场深度信息来智能地将非对冲订单分解成多个订单，使得订单以级联价格水平搁置。 这样，交易者可以从书中的扫描中受益，仍然适当地考虑对冲市场的深度。 此外，在扩展订单上接收“部分”的可能性更大。 此外，套期订单可能会以多个价格水平发送，或随时间发送到市场。 通过应用更聪明的过程来对冲订单（而不是“火灾和忘记”），超出限制订单的替代方案，可以提供有限的订单或市场订单。

公开(公告)号：US20140172673A1

公开(公告)日：2014-06-19

申请号：US14132936

申请日：2013-12-18

Applicant: Trading Technologies International, Inc.

Inventor： Michael J. Burns ,  Fred Monroe

IPC: G06Q40/04

CPC classification number: G06Q40/04 ,  G06Q20/382 ,  G06Q40/00 ,  G06Q40/025

Abstract: A trading system is described herein for hosting a collection of one or more electronic exchanges. The collection of electronic exchanges may be made up of separately designated exchanges under one or more authorizing and regulating bodies. The trading system receives from traders bids to purchase and offers to sell a tradeable object listed at one of the electronic exchanges. Then, the trading system directs the bids and offers to the appropriate exchange where the bids and offers may be automatically matched in the corresponding market. The trading system may also be used to take actions in one or more markets that are internal and external to the trading system on behalf of a trader using preprogrammed trading instructions.

Abstract translation: 本文描述了一种交易系统，用于托管一个或多个电子交易所的集合。 电子交易所的收集可以由一个或多个授权和管理机构的单独指定的交易所组成。 交易系统从交易商处收到投标以购买和出售在其中一个电子交易所上市的可交易对象。 然后，交易系统将出价和报价指引到适当的交易所，投标和报价可能会在相应的市场自动匹配。 交易系统也可以用代表一个交易者在交易系统的内部和外部的一个或多个市场上采取行动，使用预先编程的交易指令。

公开(公告)号：US08751369B2

公开(公告)日：2014-06-10

申请号：US13953300

申请日：2013-07-29

Applicant: Trading Technologies International, Inc.

Inventor： Fred Monroe

IPC: G06Q40/00

CPC classification number: G06Q40/04 ,  G06Q30/00 ,  G06Q30/0601 ,  G06Q40/00 ,  G06Q40/06

Abstract: A system and method for fee-based order priority level modification in an electronic trading environment are described. When an order reaches an exchange, a priority level of the order may be changed to a higher priority level, and the priority level of the order initially at the higher priority level may be changed to a lower priority level of the received order. In one embodiment, a trader who is gaining a higher priority level will be preferably charged a fee for having his order moved to the higher priority level, and at least a portion of that fee may be paid to a trader who is giving up his high priority level.

Abstract translation: 描述电子交易环境中基于费用订单优先级修改的系统和方法。 当订单到达交换时，该订单的优先级可以改变到更高的优先级，并且最初在较高优先级的订单的优先级可以改变为接收到的订单的较低优先级。 在一个实施例中，获得较高优先级的交易者将被优先收取将其订单移动到较高优先级的费用，并且该费用的至少一部分可以支付给放弃高价位的交易者 优先级。