SYSTEM AND METHOD FOR AGGRESSIVELY TRADING A STRATEGY IN AN ELECTRONIC TRADING ENVIRONMENT

    公开(公告)号:US20220318908A1

    公开(公告)日:2022-10-06

    申请号:US17844122

    申请日:2022-06-20

    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.

    Lean level support for trading strategies

    公开(公告)号:US11373241B2

    公开(公告)日:2022-06-28

    申请号:US17081553

    申请日:2020-10-27

    Abstract: Certain embodiments of the present invention provide techniques for lean level support for a trading strategy. According to certain embodiments, the support for a price level under consideration as a lean level is determined based at least in part on quantity available at the price level. According to certain embodiments, the support for a price level under consideration as a lean level is determined based at least in part on quantity available at one or more other price levels. According to certain embodiments, the support for a price level under consideration as a lean level is determined based at least in part on the number of orders at one or more price levels. A lean level may then be determined based on the determined support. According to certain embodiments, a lean multiplier and/or a lean base are determined dynamically based on the determined support.

    System and method for a risk check
    14.
    发明授权

    公开(公告)号:US11216880B2

    公开(公告)日:2022-01-04

    申请号:US16726496

    申请日:2019-12-24

    Abstract: Various systems and methods are described herein for a risk check. The risk check bases a decision to allow a trading strategy to proceed on whether the order quantity for each leg of the trading strategy satisfies a certain condition. Particularly, when a trading strategy is initiated, the quantity for each of the orders to be submitted on behalf of the trading strategy, including the quantity of the initial order and any subsequent orders, is then compared to a corresponding risk value. If the order quantity for each of the orders is less than the corresponding risk value, then the trading strategy can proceed and the initial order can be sent on to the exchange. However, if the order quantity for any of the orders exceeds the risk value, then the initial order is not sent to the electronic exchange. Additionally, as described herein, quantity associated with the trading strategy is held or reserved for execution of the trading strategy regardless of the activity taken by the trader since the trading strategy was initiated. The reserved quantity can be drawn from the trading strategy until the quantity is depleted, the trading strategy has ended, or both, for example.

    Method and apparatus for message flow and transaction queue management

    公开(公告)号:US10817944B2

    公开(公告)日:2020-10-27

    申请号:US16691121

    申请日:2019-11-21

    Abstract: Management of transaction message flow utilizing a transaction message queue. The system and method are for use in financial transaction messaging systems. The system is designed to enable an administrator to monitor, distribute, control and receive alerts on the use and status of limited network and exchange resources. Users are grouped in a hierarchical manner, preferably including user level and group level, as well as possible additional levels such as account, tradable object, membership, and gateway levels. The message thresholds may be specified for each level to ensure that transmission of a given transaction does not exceed the number of messages permitted for the user, group, account, etc.

    Sticky Order Routers
    17.
    发明申请

    公开(公告)号:US20190207849A1

    公开(公告)日:2019-07-04

    申请号:US16297009

    申请日:2019-03-08

    CPC classification number: H04L45/70 G06Q40/04 H04L45/58

    Abstract: A sticky order routing system may include multiple order routers in communication with an electronic exchange for communicating transaction messages. Each of the order routers communicates transaction messages between multiple associated trading sessions and the electronic exchange, where of the associated trading sessions is assigned to the order router in communication with the electronic exchange. Transaction message traffic between the order routers and the electronic exchange is monitored, such as randomly, based on round-robin assignment, and/or trading data. In response to transaction message traffic exceeding a threshold, the trading session may be assigned to a new order router.

    SYNTHETIC SPREAD TRADING
    18.
    发明申请
    SYNTHETIC SPREAD TRADING 审中-公开
    合作贸易

    公开(公告)号:US20140297511A1

    公开(公告)日:2014-10-02

    申请号:US14305163

    申请日:2014-06-16

    CPC classification number: G06Q40/04 G06Q40/06

    Abstract: Synthetic spread trading strategies are represented and managed as homogeneous tradeable objects. Relationships between a synthetic spread and its constituent parts are defined and states for a spread are developed for accurately reporting, tracking and otherwise administering a synthetic spread and its constituent parts. A state of a synthetic spread is identified as working, pending, legged or filled. The states, in addition to identification of a synthetic spread's constituent parts, introduces information to allow a spread order and its post trade analysis to be consistently and effectively managed by multiple trading tools.

    Abstract translation: 合成传播交易策略被表示和管理为均匀的可交易对象。 定义合成传播与其组成部分之间的关​​系,开发扩散状态以准确报告,跟踪和以其他方式施用合成传播及其组成部分。 合成传播的状态被识别为工作,待定,有腿或填充。 除了识别合成传播的组成部分之外,各州还引入了信息,以便通过多种交易工具来持续有效地管理传播订单和后期交易分析。

    Trading circles
    19.
    发明授权
    Trading circles 有权
    交易圈

    公开(公告)号:US08799143B1

    公开(公告)日:2014-08-05

    申请号:US13839369

    申请日:2013-03-15

    CPC classification number: G06Q40/04 G06Q40/06

    Abstract: The disclosed embodiments provide trading circles. An example method includes defining a group having a plurality of members, wherein one or more of the plurality of members interacts with an exchange that facilitates market transactions; detecting a first interaction of a first group member with the exchange; and communicating, in response to detecting the first interaction, data related to the first interaction to a second group member before the first group member receives confirmation of the first interaction from the exchange.

    Abstract translation: 所公开的实施例提供交易圈。 示例性方法包括定义具有多个成员的组,其中所述多个成员中的一个或多个与促进市场交易的交换相互作用; 检测第一组成员与交换机的第一交互; 以及在所述第一组成员从所述交换机接收到所述第一交互的确认之前,响应于检测到所述第一交互而将与所述第一交互相关的数据通信给第二组成员。

    Methods and systems for monitoring and controlling order message traffic
    20.
    发明授权
    Methods and systems for monitoring and controlling order message traffic 有权
    用于监视和控制订单消息流量的方法和系统

    公开(公告)号:US08788387B1

    公开(公告)日:2014-07-22

    申请号:US13743208

    申请日:2013-01-16

    CPC classification number: G06Q40/04

    Abstract: Example methods, systems, and tangible computer readable storage media disclosed herein provide for tracking of order messages. An example method includes tracking, using a computing device, an order message, the order message including an order for a tradeable object in a trading market. The trading market includes an inside market. The example method includes determining, using the computing device, whether the order is directed to the inside market of the trading market. If the order is determined to be directed to the inside market, the example method includes adjusting a weighting factor to decrease a message ratio. The message ratio compares a weighted order message total to a fill total. If the order is determined to be directed away from the inside market, the example method includes adjusting a weighting factor to increase the message ratio. The example method includes determining, using the computing device, if the message ratio satisfies a message ratio threshold. The example method includes implementing, using the computing device, message ratio handling if the message ratio satisfies the message ratio threshold.

    Abstract translation: 本文公开的示例性方法,系统和有形计算机可读存储介质提供了对订单消息的跟踪。 示例性方法包括使用计算设备跟踪订单消息,该订单消息包括交易市场中可交易对象的订单。 交易市场包括内部市场。 示例性方法包括使用计算设备确定订单是否针对交易市场的内部市场。 如果确定订单指向内部市场,则示例方法包括调整加权因子以减少消息比率。 消息比例将加权订单消息总数与填充总数进行比较。 如果确定订单被指向远离内部市场,则示例方法包括调整加权因子以增加消息比率。 该示例方法包括使用计算设备确定消息比率是否满足消息比率阈值。 该示例方法包括:如果消息比率满足消息比阈值,则使用计算设备实现消息比率处理。

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