公开(公告)号：US20140229355A1

公开(公告)日：2014-08-14

申请号：US14023464

申请日：2013-09-10

Applicant: Trading Technologies International, Inc.

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

IPC: G06Q40/04

CPC classification number: G06Q40/04

Abstract: A system and associated methods are provided for smart hedging in an electronic trading environment. According to one example method, a first order for a first tradeable object and a second order for a second tradeable object are placed based on a spread strategy. Upon receiving an indication that a quantity of the first order is filled, the method involves determining if the second order can be used to offset the quantity filled of the first order by determining if a price of the second order would result in achieving a desired spread price defined for the spread strategy. If the price results in the desired price, the second order is used to offset the quantity filled for the first order in an attempt to achieve the desired spread price. Other tools are provided as well.

Abstract translation: 为电子交易环境中的智能对冲提供了一种系统和相关方法。 根据一个示例性方法，基于扩展策略来放置用于第一可交易对象的第一顺序和用于第二可交易对象的第二顺序。 在接收到指示第一顺序的数量被填充的指示时，该方法包括确定是否可以使用第二顺序来通过确定第二级的价格是否将导致实现期望的扩展来抵消第一级的填充量 为传播策略定义的价格。 如果价格导致所需的价格，则第二个订单用于抵消第一个订单的数量，以达到期望的价差。 还提供其他工具。

公开(公告)号：US20140195408A1

公开(公告)日：2014-07-10

申请号：US14203553

申请日：2014-03-10

Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.

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

IPC: G06Q40/04

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

Abstract: A system and associated methods are provided for intelligent placement and movement of orders in an electronic trading environment. According to one example method, in addition to submitting a leg order at a calculated price level, additional orders, queue holder orders, are submitted for the leg order at prices either below or above the calculated price level. Based on this configuration, if the conditions change such that it is necessary to re-price the leg order, there will be already an order resting in the exchange order book at the re-calculated price that can be used in the strategy. Upon re-pricing the leg order, one or more additional queue holder orders will be placed in the market. Other tools are provided as well.

Abstract translation: 提供了一种系统和相关方法，用于在电子交易环境中智能放置和移动订单。 根据一个示例性方法，除了以计算的价格水平提交支票订单之外，还可以以低于或高于所计算的价格水平的价格提交附加订单，队列持有人订单。 基于这种配置，如果条件发生变化，以便有必要对该订单进行重新定价，那么将在交易订单簿中已经有一个可以在该策略中使用的重新计算价格的订单。 在对订单进行重新定价后，一个或多个附加的队列持有者订单将被放置在市场中。 还提供其他工具。

公开(公告)号：US20140172665A1

公开(公告)日：2014-06-19

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: G06Q40/04

CPC classification number: 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.

Abstract translation: 本文提供了在电子环境中积极交易传播交易策略的系统和方法。 根据示例实施例，交易者可以配置自动交易工具以通过倾斜于没有相关数量的价格来尽可能地积极地进行交易。 这使得交易者可能获得更有利可图的价格，并获得更快的收益。 交易者提交点差订单，自动交易工具根据定义的侵略性水平，价格偏好和期望的差价计算报价单价格。 根据定义的侵略性水平和市场差距，自动交易工具可能会依赖于轻微，适度或极具侵略性的价格。

公开(公告)号：US08706611B2

公开(公告)日：2014-04-22

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: G06Q40/00

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：US08660938B2

公开(公告)日：2014-02-25

申请号：US13855843

申请日：2013-04-03

Applicant: Trading Technologies International, Inc.

Inventor： Sagy P. Mintz ,  Alexander D. Deitz

IPC: G06Q40/00

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。