公开(公告)号：US20150106249A1

公开(公告)日：2015-04-16

申请号：US14333730

申请日：2014-07-17

Applicant: Trading Technologies International, Inc.

Inventor： Sagy Pundak Mintz ,  Michael J. Burns

IPC: G06Q40/04

CPC classification number: G06Q40/04 ,  G06Q40/00

Abstract: Certain embodiments provide a method for trading in an electronic trading environment including receiving market data relating to a plurality of tradeable objects; sending a order to an exchange for the first tradeable object at a quoted price; receiving a fill confirmation for the quoting order at a filled price; determining a difference between the quoted price and the filled price; determining a hedge price for each of the plurality of tradeable objects other than the first tradeable object based at least in part on the difference and at least one multiplier associated with at least one leg of the trading strategy; and sending hedge orders for each of the plurality of tradeable objects other than the first tradeable object at the corresponding hedge price. The plurality of tradeable objects includes at least a first, second, and third tradeable object, which are traded as legs of a trading strategy.

Abstract translation: 某些实施例提供一种用于在电子交易环境中交易的方法，包括接收与多个可交易对象相关的市场数据; 以引用价格向第一可交易对象的交易发送订单; 以填补的价格收到报价单的填写确认; 确定报价与填补价格之间的差额; 至少部分地基于差异来确定除第一可交易对象之外的多个可交易对象中的每一个的对冲价格，以及与交易策略的至少一条腿相关联的至少一个乘数; 以对应的对冲价格发送除第一可交易对象之外的多个可交易对象中的每一个的对冲订单。 多个可交易对象包括至少第一，第二和第三可交易对象，其被交易为交易策略的腿。

公开(公告)号：US20140344136A1

公开(公告)日：2014-11-20

申请号：US14299685

申请日：2014-06-09

Applicant: Trading Technologies International, Inc.

Inventor： Sagy Pundak Mintz ,  Michael J. Burns

IPC: G06Q40/06

CPC classification number: G06Q40/06 ,  G06Q40/04

Abstract: An electronic trading method is provided. The method includes receiving a trading strategy order having a parent trading strategy including multiple quoting legs; splitting the trading strategy order into multiple child orders; and submitting each of the multiple child orders to exchange systems adapted to fill the quoting legs in the child orders. Each child order includes a child trading strategy having a single quoting leg or a reduced number of quoting legs relative to the parent trading strategy. The child trading strategies are the same as the parent trading strategy except for the number of legs marked as quoting legs. The method may be performed by a trading strategy device disposed between a client device and multiple server side devices.

Abstract translation: 提供电子交易方式。 该方法包括接收具有包括多个引脚的父交易策略的交易策略顺序; 将交易策略订单分解为多个子订单; 并提交多个子订单中的每一个交换系统，以适应填充小孩命令中的引用条款。 每个子女订单都包含一个儿童交易策略，该策略具有相对于母公司交易策略的单引号或减少的引数。 儿童交易策略与父母交易策略相同，除了标记为双脚的腿数。 该方法可以由设置在客户端设备和多个服务器侧设备之间的交易策略设备执行。

公开(公告)号：US20140337199A1

公开(公告)日：2014-11-13

申请号：US14284597

申请日：2014-05-22

Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.

Inventor： Robert A. West ,  Michael J. Burns

IPC: G06Q40/04 ,  G06T11/20

CPC classification number: G06Q40/04 ,  G06F19/00 ,  G06Q40/00 ,  G06Q40/06 ,  G06Q50/24 ,  G06T11/206

Abstract: A system and method are provided for displaying a trading screen and placing an order in an electronic trading environment. The system and method may be used to assist a trader in selecting an item of interest, such as the inside market (best bid and best ask) to be displayed relative to a user configured location on the trading screen, such as the center of the trading screen. In a preferred embodiment, the inside market will stay located relative to center of the trading screen and the price levels associated to the inside market will move as the market conditions fluctuate. Other features and advantages are described herein.

Abstract translation: 提供了一种用于显示交易屏幕并在电子交易环境中下订单的系统和方法。 系统和方法可以用于帮助交易者选择相对于交易屏幕上的用户配置位置显示的内部市场（最佳出价和最佳询问）等感兴趣的项目，例如交易屏幕的中心 交易屏幕。 在优选实施例中，内部市场将相对于交易屏幕的中心保持位置，并且与内部市场相关联的价格水平将随着市场波动而移动。 本文描述了其它特征和优点。

公开(公告)号：US20140279372A1

公开(公告)日：2014-09-18

申请号：US14218960

申请日：2014-03-18

Applicant: Trading Technologies International, Inc.

Inventor： Michael J. Burns

IPC: G06Q40/04

CPC classification number: G06Q40/04

Abstract: A trading screen may include a plurality of next trade quantity regions that comprise a plurality of locations, each location being associated a price on a price axis. The quantities can be entered into the various locations in the next trade quantity regions and the entered quantities can be used as a parameter of a future trade order at the associated price level. The trading screen may also include a plurality of quantity entry regions that are displayed with respect to the price axis. The quantity entry columns may each include plurality of sub-regions or locations corresponding to different price levels in the price axis. The quantity entry columns may be used to specify next traded quantities that may be used in placing orders for tradeable objects.

Abstract translation: 交易屏幕可以包括多个下一交易量区域，其包括多个位置，每个位置与价格轴上的价格相关联。 数量可以输入到下一交易数量区域中的各个位置，并且输入的数量可以用作相关价格水平的未来交易订单的参数。 交易屏幕还可以包括相对于价格轴显示的多个数量输入区域。 数量输入列可以各自包括与价格轴中的不同价格水平相对应的多个子区域或位置。 数量输入列可用于指定下一个交易数量，这些交易数量可用于交易对象的订单。

公开(公告)号：US08781949B2

公开(公告)日：2014-07-15

申请号：US13762358

申请日：2013-02-07

Applicant: Trading Technologies International, Inc.

Inventor： Robert A. West ,  Michael J. Burns

IPC: G06Q40/06

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

Abstract: A system and method for displaying a plurality of profit and risk related indicators are described. A graphical interface displays and dynamically updates a plurality of profit/loss (P/L) indicators including a realized, net, and open indicator. The net and open indicators are based on a trader's net position and a current market level, while the realized indicator is based on trader's buys and sells associated with a tradeable objects. In one embodiment, the plurality of indicators are displayed in relation to a plurality of money management regions defining a maximum order quantity and a maximum net position controlling the trader's trades, so that a trader can quickly determine his current as well as potential money management parameters. The graphical interface may also display a plurality of potential risk/gain indicators in relation to a realized profit indicator so that a trader, before entering an order having a predetermined order quantity, can view a potential risk/gain in entering into a predetermined net position in view of potential market movements.

Abstract translation: 描述了显示多个利润和风险相关指标的系统和方法。 图形界面显示并动态更新多个利润/损失（P / L）指标，包括实现的，净的和开放的指标。 净和公开指标基于交易者的净头寸和当前市场水平，而实现的指标是基于交易者的购买和与可交易对象相关的销售。 在一个实施例中，多个指标相对于多个货币管理区域显示，该多个货币管理区域限定最大订单数量和控制交易者交易的最大净位置，使得交易者可以快速地确定他的当前以及潜在的货币管理参数 。 图形界面还可以显示与实现的利润指标相关的多个潜在风险/增益指标，使得交易者在进入具有预定订单数量的订单之前可以查看进入预定净位置的潜在风险/增益 鉴于潜在的市场动向。

公开(公告)号：US08768822B2

公开(公告)日：2014-07-01

申请号：US13659055

申请日：2012-10-24

Applicant: Trading Technologies International, Inc.

Inventor： Michael J. Burns ,  Robert A. West ,  Gerald J. O'Connor ,  Stephen J. Murphy ,  Scott F. Singer

IPC: G06Q40/00 ,  G06Q40/06

CPC classification number: G06Q40/04 ,  G06Q40/06

Abstract: A system and method are provided for trading multiple tradeable objects. One example method includes displaying at least one combined quantity indicator representing a combined quantity associated with at least two tradeable objects, detecting an input associated with an order for a predetermined order quantity in relation to one of the combined quantity indicators, and allocating the order quantity between the at least two tradeable objects using at least one quantity allocation rule. In one example embodiment, a plurality of quantity allocation rules can be user-configurable, and different rules can be defined and applied in relation to different order types.

Abstract translation: 提供了用于交易多个可交易对象的系统和方法。 一个示例性方法包括显示表示与至少两个可交易对象相关联的组合数量的至少一个组合数量指示符，相对于组合数量指标之一检测与预定订单数量相关联的订单相关联的输入，并分配订单数量 在至少两个可交易对象之间使用至少一个数量分配规则。 在一个示例性实施例中，多个数量分配规则可以是用户可配置的，并且可以相对于不同的订单类型来定义和应用不同的规则。

公开(公告)号：US08738510B2

公开(公告)日：2014-05-27

申请号：US13962951

申请日：2013-08-09

Applicant: Trading Technologies International, Inc.

Inventor： Robert A. West ,  Michael J. Burns ,  Peter F. Ziemkiewicz ,  Ryan J. Highland

IPC: G06Q40/04 ,  G06Q40/06

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

Abstract: A system and method for money management in an electronic trading environment are presented. According to one embodiment, a money management application intercepts an order before the order is sent to an exchange, and determines a plurality of P/L levels, based on which the money management application then selects a set of money management parameters to be used to control or modify order parameters before the order is sent to the exchange. The plurality of profit levels may include a net profit level determined based on a trader's net position and a current market level, a realized profit level determined based on trader's sells and buys associated with the tradeable object, or an open profit level determined based on the realized and net profit levels. The set of money management parameters may include a maximum order quantity and a maximum net position so that, for example, if the order quantity associated with the order is higher than the maximum order quantity associated with the applicable set of money management parameters, the order quantity may be modified to the maximum order quantity.

Abstract translation: 介绍了电子交易环境中货币管理的系统和方法。 根据一个实施例，货币管理应用程序在订单被发送到交易所之前拦截订单，并且确定多个P / L水平，基于此，货币管理应用程序然后选择要用于一组货币管理参数的一组货币管理参数 在订单发送到交易所之前控制或修改订单参数。 多个利润水平可以包括基于交易者的净头寸和当前市场水平确定的净利润水平，基于与可交易对象相关联的交易者的卖出和购买确定的实现利润水平，或者基于 实现和净利润水平。 一组货币管理参数可以包括最大订单数量和最大净位置，使得例如，如果与订单相关联的订单数量高于与适用的一组货币管理参数相关联的最大订单数量，则该订单 数量可以修改为最大订单数量。

公开(公告)号：US20140108217A1

公开(公告)日：2014-04-17

申请号：US13912123

申请日：2013-06-06

Applicant: Trading Technologies International, Inc.

Inventor： Robert A. West ,  Michael J. Burns

IPC: G06Q40/04

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

Abstract: An example graphical interface and method for displaying risk related data are described. One example graphical interface includes a data structure comprising a plurality of data nodes and at least one risk data point associated with each node, and further comprises a display grid. The display grid includes one or more cells that are used for displaying selected data nodes and risk data points. Each cell may be associated with a single data node, and may include one or more identifiers corresponding to risk data points of the data node. In one example embodiment, the identifiers are aligned along a single axis, and risk related data corresponding to each identifier is aligned with respect to each corresponding identifier.

公开(公告)号：US20140032387A1

公开(公告)日：2014-01-30

申请号：US13959071

申请日：2013-08-05

Applicant: Trading Technologies International, Inc.

Inventor： Sagy Pundak Mintz ,  Michael J. Burns

IPC: G06Q40/04

CPC classification number: G06Q40/04 ,  G06Q40/00

Abstract: Certain embodiments provide a method for trading in an electronic trading environment including receiving market data relating to a plurality of tradeable objects; sending a order to an exchange for the first tradeable object at a quoted price; receiving a fill confirmation for the quoting order at a filled price; determining a difference between the quoted price and the filled price; determining a hedge price for each of the plurality of tradeable objects other than the first tradeable object based at least in part on the difference and at least one multiplier associated with at least one leg of the trading strategy; and sending hedge orders for each of the plurality of tradeable objects other than the first tradeable object at the corresponding hedge price. The plurality of tradeable objects includes at least a first, second, and third tradeable object, which are traded as legs of a trading strategy.

Abstract translation: 某些实施例提供一种用于在电子交易环境中交易的方法，包括接收与多个可交易对象相关的市场数据; 以引用价格向第一可交易对象的交易发送订单; 以填补的价格收到报价单的填写确认; 确定报价与填补价格之间的差额; 至少部分地基于差异来确定除第一可交易对象之外的多个可交易对象中的每一个的对冲价格，以及与交易策略的至少一条腿相关联的至少一个乘数; 以对应的对冲价格发送除第一可交易对象之外的多个可交易对象中的每一个的对冲订单。 多个可交易对象包括至少第一，第二和第三可交易对象，其被交易为交易策略的腿。

公开(公告)号：US20130346277A1

公开(公告)日：2013-12-26

申请号：US13974066

申请日：2013-08-23

Applicant: Trading Technologies International, Inc.

Inventor： Scott F. Singer ,  Steven J. Carroll ,  Michael J. Burns

IPC: G06Q40/04

CPC classification number: G06Q40/04 ,  G06Q20/10 ,  G06Q20/102 ,  G06Q40/00 ,  G06Q40/06

Abstract: A system and method are provided to intelligently limit the frequency at which automated or semi-automated trading tools move or re-price orders in an exchange order book. A tolerance may be input that limits when one or more orders in the exchange order book are moved from one price to another. The system and method assist in reducing the number of orders that are entered into the system which can lead to reduced exchange transaction fees, lost queue position, and reduce network bandwidth consumption.

Abstract translation: 提供了一种系统和方法来智能地限制自动或半自动交易工具在交换订单簿中移动或重新定价订单的频率。 可以输入一个公差，以限制交换订单簿中的一个或多个订单从一个价格移动到另一个价格。 系统和方法有助于减少输入系统的订单数量，从而减少交易交易费用，丢失队列位置，减少网络带宽消耗。