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公开(公告)号:US20130179323A1
公开(公告)日:2013-07-11
申请号:US13784092
申请日:2013-03-04
Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.
Inventor: Sagy Pundak Mintz , Patricia A. Messina , Thomas R. Zagara
IPC: G06Q40/04
CPC classification number: G06Q40/04
Abstract: Hedge legs for synthetic spread trading strategies are managed as attached or detached from a synthetic spread order. A legged hedge order may be changed, adjusted, deleted, cancelled or otherwise managed according to changes, adjustments, deletions ad/or cancellations of the synthetic spread order upon which the legged spread order was submitted.
Abstract translation: 用于合成传播交易策略的对冲支撑是根据合成价差订单进行管理的。 可以根据提交有条件分销订单的合成差价订单的变更,调整,删除广告或取消,更改,调整,删除,取消或以其他方式进行管理。
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公开(公告)号:US20240338762A1
公开(公告)日:2024-10-10
申请号:US18744442
申请日:2024-06-14
Applicant: TRADING TECHNOLOGIES INTERNATIONAL INC.
Inventor: Stephan Brianti , Sagy Pundak Mintz
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.
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公开(公告)号:US11972486B2
公开(公告)日:2024-04-30
申请号:US18187871
申请日:2023-03-22
Applicant: TRADING TECHNOLOGIES INTERNATIONAL INC.
Inventor: Sagy Pundak Mintz , Michael J. Burns
Abstract: An electronic trading method is provided. The method includes receiving a trading strategy order having a parent trading strategy including multiple quoting legs; splitting the trading strategy order into multiple child orders; and submitting each of the multiple child orders to exchange systems adapted to fill the quoting legs in the child orders. Each child order includes a child trading strategy having a single quoting leg or a reduced number of quoting legs relative to the parent trading strategy. The child trading strategies are the same as the parent trading strategy except for the number of legs marked as quoting legs. The method may be performed by a trading strategy device disposed between a client device and multiple server side devices.
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公开(公告)号:US11734759B2
公开(公告)日:2023-08-22
申请号:US17534263
申请日:2021-11-23
Applicant: TRADING TECHNOLOGIES INTERNATIONAL INC.
Inventor: Sagy Pundak Mintz
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.
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公开(公告)号:US11627078B2
公开(公告)日:2023-04-11
申请号:US17473955
申请日:2021-09-13
Applicant: TRADING TECHNOLOGIES INTERNATIONAL INC.
Inventor: Sagy Pundak Mintz
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.
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公开(公告)号:US11452097B2
公开(公告)日:2022-09-20
申请号:US16146406
申请日:2018-09-28
Applicant: Trading Technologies International, Inc.
Inventor: Sagy Pundak Mintz , Ryan N. Andrews , Scott F. Singer , Jens-Uwe Schluetter
Abstract: Trading software may receive information from an exchange. The trading software may track historical bid and ask information for a tradeable object. The trading software may display historical market depth information for the tradeable object on a trading screen.
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47.
公开(公告)号:US20210103987A1
公开(公告)日:2021-04-08
申请号:US17125854
申请日:2020-12-17
Applicant: TRADING TECHNOLOGIES INTERNATIONAL INC.
Inventor: Nicholas G. Kontos , Sagy Pundak Mintz , Alexander D. Deitz
IPC: 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.
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公开(公告)号:US20200320624A1
公开(公告)日:2020-10-08
申请号:US16904217
申请日:2020-06-17
Applicant: TRADING TECHNOLOGIES INTERNATIONAL INC.
Inventor: Michael L. Fishbain , Sagy Pundak Mintz , Stephen J. Murphy
Abstract: A system and method for defining and processing timed orders are defined. According to one embodiment, a trader may define a timed order by defining an intra-day time trigger or a time period when the timed order should be automatically modified, such as deleted or cancelled/replaced with a new order. In one embodiment, the intra-day time trigger or time period may be dynamically changed to a later time, for example, upon receiving a predetermined user input. Also, the time trigger and time period may be configured to dynamically vary based on any user configurable formula. Also, the timed order may be associated with one or more actions to be taken once the order is deleted, such as sending a new order, for example.
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公开(公告)号:US10540719B2
公开(公告)日:2020-01-21
申请号:US16152915
申请日:2018-10-05
Applicant: Trading Technologies International, Inc.
Inventor: Gary Allan Kemp, II , Jens-Uwe Schluetter , David W. Garrison , Sagy Pundak Mintz
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.
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公开(公告)号:US10134089B2
公开(公告)日:2018-11-20
申请号:US14460337
申请日:2014-08-14
Applicant: Trading Technologies International, Inc.
Inventor: Gary Allan Kemp, II , Jens-Uwe Schluetter , Sagy Pundak Mintz , David W. Garrison
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.
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