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：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。