公开(公告)号：US20140164212A1

公开(公告)日：2014-06-12

申请号：US14178379

申请日：2014-02-12

Applicant: Trading Technologies International, Inc.

Inventor： Ryan N. Andrews ,  Sagy P. Mintz ,  Jyoti Chawla ,  David W. Garrison

IPC: G06Q40/04

CPC classification number: G06Q40/04

Abstract: A system and method for linking and managing linked orders are described. According to one method, a trader may first link two or more orders into a linked order, and then one or more parameters associated with one of the orders may be dynamically changed based on user inputs or information being received from an exchange. For example, a trader may link any two orders as an order cancel order, and each linked order may be associated with the same or different tradable objects, order quantities, and may be submitted to one or more exchanges. The order quantities may be then dynamically updated based on updates being received from the one or more exchanges and further based on a quantity ratio between the two orders. Further, the linked order may be submitted upon detecting a fill for another order.

Abstract translation: 描述用于链接和管理链接订单的系统和方法。 根据一种方法，交易者可以首先将两个或多个订单链接成链接的订单，然后可以基于从交换机接收的用户输入或信息来动态地改变与订单之一相关联的一个或多个参数。 例如，交易者可以将任何两个订单链接为订单取消订单，并且每个链接订单可以与相同或不同的可交易对象，订单数量相关联，并且可以被提交给一个或多个交易所。 然后，可以基于从一个或多个交换机接收到的更新并且还基于两个订单之间的数量比率动态地更新订单数量。 此外，可以在检测到另一订单的填充时提交链接订单。

公开(公告)号：US20140156494A1

公开(公告)日：2014-06-05

申请号：US14174130

申请日：2014-02-06

Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.

Inventor： Ryan N. Andrews ,  Sagy P. Mintz ,  Jyoti Chawla ,  David W. Garrison

IPC: G06Q40/04

CPC classification number: G06Q40/04

Abstract: A system and method for linking and managing linked orders are described. According to one method, a trader may first link two or more orders into a linked order, and then one or more parameters associated with one of the orders may be dynamically changed based on user inputs or information being received from an exchange. For example, a trader may link any two orders as an order cancel order, and each linked order may be associated with the same or different tradable objects, order quantities, and may be submitted to one or more exchanges. The order quantities may be then dynamically updated based on updates being received from the one or more exchanges and further based on a quantity ratio between the two orders. Further, the linked order may be submitted upon detecting a fill for another order.

公开(公告)号：US20140156490A1

公开(公告)日：2014-06-05

申请号：US14078583

申请日：2013-11-13

Applicant: Trading Technologies International, Inc.

Inventor： Alexander D. Deitz ,  Sagy P. Mintz

IPC: G06Q40/04

CPC classification number: G06Q40/04 ,  G06Q40/00 ,  G06Q40/025 ,  G06Q40/06

Abstract: A system and methods are provided for using order descriptor identifiers in relation to orders being used in trading strategies. According to one example method, when a hedge order is submitted upon detecting a fill of another order, the hedge order includes one or more order descriptor identifiers conveying a purpose of the hedge order to a user. The order descriptor identifiers can be used to search for desired orders and perform more effective order management and post trade analysis.

Abstract translation: 提供了一种使用与在交易策略中使用的订单相关的订单描述符标识符的系统和方法。 根据一个示例性方法，当在检测到另一个订单的填充时提交套期订单时，套期订单包括一个或多个向用户传达对冲订单的目的的订单描述符标识符。 订单描述符标识符可用于搜索所需的订单并执行更有效的订单管理和交易后分析。

公开(公告)号：US20140040104A1

公开(公告)日：2014-02-06

申请号：US14045782

申请日：2013-10-03

Applicant: Trading Technologies International, Inc.

Inventor： Alexander D. Deitz ,  Sagy P. Mintz ,  David W. Garrison

IPC: G06Q40/04

CPC classification number: G06Q40/04

Abstract: System and methods for reducing the risks involved in trading multiple spread trading strategies in an electronic trading environment are provided. Specifically, reducing the risks involved in trading multiple spreads that share a leg by, among other things, quoting a single order in the shared leg instead of quoting orders for each of the corresponding spread legs. Based on the computed quote price for the single order, associating the single order with the leaned on price that results in the price closest to the inside market in the shared leg. The single quote order is based on the market conditions in the spread legs and the desired spread price. Once the single order fills, a hedge order is sent to the leg that obtains the most advantageous price for the spread based on the other spread options.

Abstract translation: 提供了减少电子交易环境中交易多种交易策略交易风险的系统和方法。 具体来说，减少交易多股利差所涉及的风险，除其他事项外，在共享支线中引用单一订单，而不是针对每个相应的分支线引用订单。 根据单一订单的计算报价，将单一订单与倾向的价格相关联，导致价格最接近共享分支中的内部市场。 单笔报价单是根据摊位的市场情况和所需的价差。 一旦单一订单填写，就会将一个对冲订单发送给该支票，该交易根据其他差价期权获得最有利的价差。

公开(公告)号：US20130339213A1

公开(公告)日：2013-12-19

申请号：US13967841

申请日：2013-08-15

Applicant: Trading Technologies International, Inc.

Inventor： Sagy P. Mintz ,  Eric M. Herz ,  Alexander D. Deitz

IPC: G06Q40/04

CPC classification number: G06Q40/04 ,  G06Q40/00

Abstract: A system and associated methods are provided for use of fractional pay-up ticks in relation to offset orders being sent for a trading strategy that involves trading a first tradeable object and at least a second tradeable object. According to one example method, when an indication is received that a quantity at a first price for the first tradeable object is filled, a plurality of offset orders for the second tradeable object is sent to an electronic order book of the second tradeable object. The plurality of offset orders is placed at a plurality of price levels determined based on at least one fractional pay-up tick value, the first price, and the desired spread price. A quantity for each order is determined based on a quantity divider rule that is applied to an offset quantity to offset the fill.

Abstract translation: 提供了一种系统和相关联的方法，用于使用与针对涉及交易第一可交易对象和至少第二可交易对象的交易策略发送的偏移订单相关的分数支付蜱。 根据一个示例性方法，当接收到针对第一可交易对象的第一价格的数量被填充的指示时，将第二可交易对象的多个偏移顺序发送到第二可交易对象的电子订单簿。 多个偏移顺序被放置在基于至少一个分数支付蜱值，第一价格和期望的差价的确定的多个价格水平。 根据应用于偏移量的数量分配器规则来确定每个订单的数量以抵消填充。

公开(公告)号：US11756122B2

公开(公告)日：2023-09-12

申请号：US18063915

申请日：2022-12-09

Applicant: TRADING TECHNOLOGIES INTERNATIONAL INC.

Inventor： Sagy P. Mintz ,  Alexander D. Deitz

IPC: G06Q40/04 ,  G06Q40/00 ,  H04N7/173 ,  H04N7/20 ,  G06F9/30 ,  G06F13/10 ,  G06F15/16 ,  G11C8/00 ,  H04J3/26 ,  H04L9/00

CPC classification number: G06Q40/04 ,  G06Q40/00 ,  H04N7/173 ,  H04N7/20 ,  G06F9/30 ,  G06F13/10 ,  G06F15/16 ,  G11C8/00 ,  H04J3/26 ,  H04L9/00

Abstract: A system and method are provided that, among other things, can reduce the burden on receiving computers, increase data throughput, reduce system failure, and provide components of a scalable and flexible network architecture. Specifically, the system and method provide a multichannel-multicast network environment for use in dynamically assigning data to channels. This configuration is particularly useful in a trading network environment, as it effectively performs channel reassignments in a way not to disturb the receipt of the underlying data. While the example embodiments described herein pertain to electronic trading, the principles of the present invention may be equally applied in other environments where the advantages presented herein are beneficial.

公开(公告)号：US10304131B2

公开(公告)日：2019-05-28

申请号：US14185540

申请日：2014-02-20

Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.

Inventor： Sagy P. Mintz ,  Robert West ,  Christos Kondilis

IPC: G06Q40/04 ,  G06Q40/06

Abstract: Market data is recorded from a real live exchange. The recording data can be played back in real time or delayed, in any manner, to simulate the recorded market. Moreover, one or more users can participate in the simulated market just as if they were participating in a real-live market. The system provides a realistic trading environment without the associated risks of trading in a live-market such as losing money and the cost of making trades. The system may be used for training purposes and for purposes of testing and analyzing various trading strategies. Software developers and testers may also utilize the realistic environment to develop trading products or applications. Additionally, the system provides a means for demonstrating trading application products.

公开(公告)号：US10181157B2

公开(公告)日：2019-01-15

申请号：US13933262

申请日：2013-07-02

Applicant: TRADING TECHNOLOGIES INTERNATIONAL INC.

Inventor： Nicholas G. Kontos ,  Sagy P. Mintz ,  Alexander D. Deitz

IPC: G06Q40/00 ,  G06Q40/04

Abstract: System and method for aggressively trading a spread trading strategy in an electronic environment are provided herein. According to the example embodiments, a trader may configure the automated trading tool to trade as aggressively as possible by leaning on a price without an associated quantity. This allows a trader to possibly obtain a more profitable price as well as get filled faster. Traders submit an order for a spread and the automated trading tool calculates the quote order price based on a defined level of aggressiveness, the leaned on price, and the desired spread price. Based on the level of defined aggressiveness and the gap in the market, the automated trading tool may lean on a mildly, moderately, or extremely aggressive price.

公开(公告)号：US09117244B2

公开(公告)日：2015-08-25

申请号：US14078583

申请日：2013-11-13

Applicant: Trading Technologies International, Inc.

Inventor： Alexander D. Deitz ,  Sagy P. Mintz

IPC: G06Q40/00 ,  G06Q40/04 ,  G06Q40/02 ,  G06Q40/06

CPC classification number: G06Q40/04 ,  G06Q40/00 ,  G06Q40/025 ,  G06Q40/06

Abstract: A system and methods are provided for using order descriptor identifiers in relation to orders being used in trading strategies. According to one example method, when a hedge order is submitted upon detecting a fill of another order, the hedge order includes one or more order descriptor identifiers conveying a purpose of the hedge order to a user. The order descriptor identifiers can be used to search for desired orders and perform more effective order management and post trade analysis.

Abstract translation: 提供了一种使用与在交易策略中使用的订单相关的订单描述符标识符的系统和方法。 根据一个示例性方法，当在检测到另一个订单的填充时提交套期订单时，该套期订单包括向用户传达对冲订单的目的的一个或多个订单描述符标识符。 订单描述符标识符可用于搜索所需的订单并执行更有效的订单管理和交易后分析。

公开(公告)号：US20150142634A1

公开(公告)日：2015-05-21

申请号：US14495841

申请日：2014-09-24

Applicant: Trading Technologies International, Inc.

Inventor： Sagy P. Mintz ,  Alexander D. Deitz

IPC: G06Q40/04

CPC classification number: G06Q40/04 ,  G06F9/30 ,  G06F13/10 ,  G06F15/16 ,  G06Q40/00 ,  G11C8/00 ,  H04J3/26 ,  H04L9/00 ,  H04N7/173 ,  H04N7/20

Abstract: A system and method are provided that, among other things, can reduce the burden on receiving computers, increase data throughput, reduce system failure, and provide components of a scalable and flexible network architecture. Specifically, the system and method provide a multichannel-multicast network environment for use in dynamically assigning data to channels. This configuration is particularly useful in a trading network environment, as it effectively performs channel reassignments in a way not to disturb the receipt of the underlying data. While the example embodiments described herein pertain to electronic trading, the principles of the present invention may be equally applied in other environments where the advantages presented herein are beneficial.

Abstract translation: 提供了一种系统和方法，其特征在于可以减少接收计算机的负担，增加数据吞吐量，减少系统故障，并提供可扩展和灵活的网络架构的组件。 具体地说，该系统和方法提供了一个多通道组播网络环境，用于向通道动态分配数据。 这种配置在交易网络环境中特别有用，因为它以不干扰底层数据的接收的方式有效地执行信道重新分配。 虽然这里描述的示例性实施例涉及电子交易，但是本发明的原理可以同样地应用于其中在此呈现的优点是有益的其它环境中。