Dynamic price improvement
    11.
    发明授权
    Dynamic price improvement 有权
    动态价格改善

    公开(公告)号:US08019672B2

    公开(公告)日:2011-09-13

    申请号:US10826779

    申请日:2004-04-16

    CPC classification number: G06Q40/04 G06Q40/00

    Abstract: A system and method is provided to enable traders to price improve on an item at an amount less than a predetermined pricing increment. Traders can improve on the price of the item using different price improvement levels (e.g., four different levels). The price improvement according to the invention is a dynamic price improvement, which enables a dynamic order to maintain a predetermined position in a trading stack relative to other orders in the stack. The dynamic order may maintain its position in the trading stack by adjusting (e.g., increasing or decreasing) its price improvement level depending on market conditions. For example, a dynamic order may increases its price improvement level such that it stays at least one level ahead of the next best order in the trading stack. If the level cannot be further increased, the dynamic order may use its timestamp to maintain its position in the stack.

    Abstract translation: 提供了一种系统和方法,以使交易者能够以小于预定定价增量的量来对物品进行价格改善。 交易者可以使用不同的价格改进水平(例如,四个不同的水平)来提高物品的价格。 根据本发明的价格改进是动态价格改进,其使得动态订单能够相对于堆栈中的其他订单在交易栈中保持预定位置。 动态订单可以通过根据市场条件调整(例如,增加或减少)其价格改进水平来维持其在交易栈中的位置。 例如,动态订单可能会提高其价格提升水平,使其在交易堆栈中的下一个最佳订单之前保持至少一个水平。 如果级别不能进一步增加,则动态顺序可以使用其时间戳来保持其在堆栈中的位置。

    SYSTEM AND METHOD FOR PROVIDING FUTURES CONTRACTS IN A FINANCIAL MARKET ENVIROMENT
    12.
    发明申请
    SYSTEM AND METHOD FOR PROVIDING FUTURES CONTRACTS IN A FINANCIAL MARKET ENVIROMENT 有权
    在金融市场环境中提供期货合约的系统和方法

    公开(公告)号:US20110166985A1

    公开(公告)日:2011-07-07

    申请号:US13047127

    申请日:2011-03-14

    Inventor: MICHAEL SWEETING

    CPC classification number: G06Q40/04 G06Q40/00

    Abstract: A method for offering an asset in a financial environment is provided that includes receiving a request to perform a selected one of a purchasing and a selling operation for a futures contract. The futures contract includes a first asset class having a first value associated therewith and a second asset class having a second value associated therewith. A price for the futures contract is determined at least partially by the first and second values.

    Abstract translation: 提供一种在金融环境中提供资产的方法,包括接收执行期货合约的采购和卖出操作中选定的一个的请求。 期货合约包括具有与之相关联的第一值的第一资产类别和具有与其相关联的第二值的第二资产类别。 期货合约的价格至少部分由第一和第二个价值确定。

    System and method for providing futures contracts in a financial market environment
    13.
    发明授权
    System and method for providing futures contracts in a financial market environment 有权
    在金融市场环境下提供期货合约的制度和方法

    公开(公告)号:US07908193B2

    公开(公告)日:2011-03-15

    申请号:US10689185

    申请日:2003-10-20

    Inventor: Michael Sweeting

    CPC classification number: G06Q40/04 G06Q40/00

    Abstract: A method for offering an asset in a financial environment is provided that includes receiving a request to perform a selected one of a purchasing and a selling operation for a futures contract. The futures contract includes a first asset class having a first value associated therewith and a second asset class having a second value associated therewith. A price for the futures contract is determined at least partially by the first and second values.

    Abstract translation: 提供一种在金融环境中提供资产的方法,包括接收执行期货合约的采购和卖出操作中选定的一个的请求。 期货合约包括具有与之相关联的第一值的第一资产类别和具有与其相关联的第二值的第二资产类别。 期货合约的价格至少部分由第一和第二个价值确定。

    MANAGING OUTLYING TRADING ORDERS
    15.
    发明申请
    MANAGING OUTLYING TRADING ORDERS 有权
    管理交易订单

    公开(公告)号:US20090327119A1

    公开(公告)日:2009-12-31

    申请号:US12552409

    申请日:2009-09-02

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

    Abstract: A determination is made as to whether a trading order that has been placed on a trading exchange is an outlying trading order. If it is determined that the trading order is an outlying trading order, a restrictive action is taken regarding the outlying trading order, and/or a restrictive action is taken regarding a subsequent trading order that may trade with the outlying trading order.

    Abstract translation: 决定是否将交易交易所的交易订单作为离岸交易订单。 如果确定交易订单是离岸交易订单,则对离岸交易订单采取限制性行动,和/或对可能与离岸交易订单交易的后续交易订单采取限制性行动。

    System and Method for Managing Trading Using Alert Messages for Outlying Trading Orders

    公开(公告)号:US20080301063A1

    公开(公告)日:2008-12-04

    申请号:US12191075

    申请日:2008-08-13

    CPC classification number: G06Q40/04 G06Q40/00 G06Q40/06 G06Q99/00

    Abstract: According to one embodiment, a method of managing trading is provided. In a market for a particular type of instrument, buy orders and sell orders are received from a plurality of traders. Each buy order has an associated bid price and each sell order has an associated offer price. A determination is made of whether the particular trading order is an outlying trading order by determining whether the particular trading order differs from at least one comparison price by more than a threshold value. If it is determined that the particular trading is an outlying trading order, a restrictive action is taken regarding the outlying trading order. For example, if a trader subsequently submits another trading order that would trade with the outlying trading order, an alert message may be sent to the trader and the subsequent trading order may be prevented from trading with the outlying trading order at least temporarily.

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