公开(公告)号：US20130332328A1

公开(公告)日：2013-12-12

申请号：US13854685

申请日：2013-04-01

Applicant: Trading Technologies International, Inc.

Inventor： Fred Monroe ,  Michael J. Burns ,  Scott F. Singer

IPC: G06Q40/04

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

Abstract: Market depth information pertaining to the hedging side is utilized to intelligently break a non-hedging order into multiple orders, such that the orders rest at cascading price levels. This way, the trader can benefit from sweeps in the book and still properly account for the market depth on the hedging side. Further, there is a greater probability of receiving “partials” on the spread order. In addition, hedge orders may be sent at multiple price levels, or sent to the market in pieces over time. By applying a more intelligent process to hedge orders (as opposed to “fire and forget”) an alternative beyond limit orders that can be legged or market orders is provided.

Abstract translation: 利用与对冲方有关的市场深度信息来智能地将非对冲订单分解成多个订单，使得订单以级联价格水平搁置。 这样，交易者可以从书中的扫描中受益，仍然适当地考虑对冲市场的深度。 此外，在扩展订单上接收“部分”的可能性更大。 此外，套期订单可能会以多个价格水平发送，或随时间发送到市场。 通过应用更聪明的过程来对冲订单（而不是“火灾和忘记”），超出限制订单的替代方案，可以提供有限的订单或市场订单。

公开(公告)号：US20130325689A1

公开(公告)日：2013-12-05

申请号：US13962951

申请日：2013-08-09

Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.

Inventor： Robert A. West ,  Michael J. Burns ,  Peter F. Ziemkiewicz ,  Ryan J. Highland

IPC: G06Q40/04

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

Abstract: A system and method for money management in an electronic trading environment are presented. According to one embodiment, a money management application intercepts an order before the order is sent to an exchange, and determines a plurality of P/L levels, based on which the money management application then selects a set of money management parameters to be used to control or modify order parameters before the order is sent to the exchange. The plurality of profit levels may include a net profit level determined based on a trader's net position and a current market level, a realized profit level determined based on trader's sells and buys associated with the tradeable object, or an open profit level determined based on the realized and net profit levels. The set of money management parameters may include a maximum order quantity and a maximum net position so that, for example, if the order quantity associated with the order is higher than the maximum order quantity associated with the applicable set of money management parameters, the order quantity may be modified to the maximum order quantity.

Abstract translation: 介绍了电子交易环境中货币管理的系统和方法。 根据一个实施例，货币管理应用程序在订单被发送到交易所之前拦截订单，并且确定多个P / L水平，基于此，货币管理应用程序然后选择要用于一组货币管理参数的一组货币管理参数 在订单发送到交易所之前控制或修改订单参数。 多个利润水平可以包括基于交易者的净头寸和当前市场水平确定的净利润水平，基于与可交易对象相关联的交易者的卖出和购买确定的实现利润水平，或者基于 实现和净利润水平。 一组货币管理参数可以包括最大订单数量和最大净位置，使得例如，如果与订单相关联的订单数量高于与适用的一组货币管理参数相关联的最大订单数量，则该订单 数量可以修改为最大订单数量。

公开(公告)号：US08560418B2

公开(公告)日：2013-10-15

申请号：US13737505

申请日：2013-01-09

Applicant: Trading Technologies International, Inc.

Inventor： Thomas R. Zagara ,  Michael J. Burns ,  Scott F. Singer

IPC: G06Q40/00

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

Abstract: A system and method are provided to visually represent and configure trading strategies used in electronic trading. The system and method may be used to visually represent, among other things, an acceptable range of prices for a trading strategy in relation to a graphical user interface. The acceptable range of prices may be input by a trader to limit when one or more orders are moved from one price to another. The acceptable range of prices can be displayed on a graphical user interface using visual indicators. Using the visual indicators, the acceptable range of prices can also be configured and modified by a trader based on the trader's preferences. Other features and advantages are described herein.

Abstract translation: 提供了一种系统和方法来视觉地表示和配置电子交易中使用的交易策略。 系统和方法可以用于视觉地表示与图形用户界面相关的交易策略的可接受的价格范围。 价格的可接受范围可能由交易者输入，以限制一个或多个订单从一个价格移动到另一个价格。 价格的可接受范围可以使用视觉指示器显示在图形用户界面上。 使用视觉指标，价格的可接受范围也可以由交易者根据交易者的偏好进行配置和修改。 本文描述了其它特征和优点。

公开(公告)号：US08543492B2

公开(公告)日：2013-09-24

申请号：US13688697

申请日：2012-11-29

Applicant: Trading Technologies International, Inc.

Inventor： Robert A. West ,  Michael J. Burns

IPC: G06Q40/00

CPC classification number: G06Q40/04 ,  G06F19/00 ,  G06Q40/00 ,  G06Q40/06 ,  G06Q50/24 ,  G06T11/206

Abstract: A system and method are provided for displaying a trading screen and placing an order in an electronic trading environment. The system and method may be used to assist a trader in selecting an item of interest, such as the inside market (best bid and best ask) to be displayed relative to a user configured location on the trading screen, such as the center of the trading screen. In a preferred embodiment, the inside market will stay located relative to center of the trading screen and the price levels associated to the inside market will move as the market conditions fluctuate. Other features and advantages are described herein.

公开(公告)号：US20130246251A1

公开(公告)日：2013-09-19

申请号：US13894382

申请日：2013-05-14

Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.

Inventor： Robert A. West ,  Michael J. Burns

IPC: G06Q40/04

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

Abstract: A system and method for displaying a plurality of profit and risk related indicators are described. A graphical interface displays and dynamically updates a plurality of profit/loss (P/L) indicators including a realized, net, and open indicator. The net and open indicators are based on a trader's net position and a current market level, while the realized indicator is based on trader's buys and sells associated with a tradeable object. In one embodiment, the plurality of indicators are displayed in relation to a plurality of money management regions defining a maximum order quantity and a maximum net position controlling the trader's trades, so that a trader can quickly determine his current as well as potential money management parameters. The graphical interface may also display a plurality of potential risk/gain indicators in relation to a realized profit indicator so that a trader, before entering an order having a predetermined order quantity, can view a potential risk/gain in entering into a predetermined net position in view of potential market movements.

Abstract translation: 描述了显示多个利润和风险相关指标的系统和方法。 图形界面显示并动态更新多个利润/损失（P / L）指标，包括实现的，净的和开放的指标。 净和公开指标基于交易者的净头寸和当前市场水平，而实现的指标是基于交易者的购买和与可交易对象相关的销售。 在一个实施例中，多个指标相对于多个货币管理区域显示，该多个货币管理区域限定最大订单数量和控制交易者交易的最大净位置，使得交易者可以快速地确定他的当前以及潜在的货币管理参数 。 图形界面还可以显示与实现的利润指标相关的多个潜在风险/增益指标，使得交易者在进入具有预定订单数量的订单之前可以查看进入预定净位置的潜在风险/增益 鉴于潜在的市场动向。

公开(公告)号：US20130054442A1

公开(公告)日：2013-02-28

申请号：US13659050

申请日：2012-10-24

Applicant: Trading Technologies International, Inc.

Inventor： Michael J. Burns

IPC: G06Q40/04

CPC classification number: G06Q40/04 ,  G06Q40/06

Abstract: An interface for trading multiple tradeable objects includes a price axis or scale. A first indication of quantities represented in a market for a first tradeable object is displayed in association with the price axis or scale. A second indication of quantities represented in the market for a second tradeable object is displayed in association with the price axis or scale. The first tradeable object may be different than the second tradeable object. Alternatively, the first tradeable object and the second tradeable object may be the same, but the indications of quantity may be provided from different sources, such as different exchanges.

Abstract translation: 用于交易多个可交易对象的界面包括价格轴或比例。 与价格轴或尺度相关联地显示在第一可交易对象的市场中表示的数量的第一指示。 与价格轴或比例相关联地显示在第二可交易对象的市场中表示的数量的第二指示。 第一可交易对象可以不同于第二可交易对象。 或者，第一可交易对象和第二可交易对象可以相同，但是可以从不同的来源（例如不同的交换）提供数量的指示。

公开(公告)号：US12159312B2

公开(公告)日：2024-12-03

申请号：US18459020

申请日：2023-08-30

Applicant: Trading Technologies International, Inc.

Inventor： Michael J. Burns ,  Brian J. Buck ,  Douglas R. Duquette

IPC: G06Q40/04

Abstract: The present embodiments relate to charting multiple markets. In some embodiments, charting multiple markets may include receiving market data for a plurality of tradeable objects. The plurality of tradeable objects may include an anchor object and at least one non-anchor object. The market data may include anchor object price data for the anchor object and non-anchor price data for the at least one non-anchor object. The non-anchor object price data may be converted based on the anchor object price data such that converted non-anchor object price data has a price scale of the anchor object price data. The anchor object price data and the non-anchor object price data may be displayed along a normalized price axis.

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

IPC: G06Q40/06 ,  G06Q40/04

CPC classification number: G06Q40/06 ,  G06Q40/04

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.

公开(公告)号：US11449933B2

公开(公告)日：2022-09-20

申请号：US14132936

申请日：2013-12-18

Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.

Inventor： Michael J. Burns ,  Fred Monroe

IPC: G06Q40/04 ,  G06Q40/00 ,  G06Q20/38 ,  G06Q40/02

Abstract: A trading system is described herein for hosting a collection of one or more electronic exchanges. The collection of electronic exchanges may be made up of separately designated exchanges under one or more authorizing and regulating bodies. The trading system receives from traders bids to purchase and offers to sell a tradeable object listed at one of the electronic exchanges. Then, the trading system directs the bids and offers to the appropriate exchange where the bids and offers may be automatically matched in the corresponding market. The trading system may also be used to take actions in one or more markets that are internal and external to the trading system on behalf of a trader using preprogrammed trading instructions.

公开(公告)号：US20220237698A1

公开(公告)日：2022-07-28

申请号：US17720904

申请日：2022-04-14

Applicant: TRADING TECHNOLOGIES INTERNATIONAL INC.

Inventor： Stephen A. Schwarz ,  Michael J. Burns

IPC: G06Q40/04 ,  G06Q40/00

Abstract: A system and method are provided for modifying how market updates are provided in an electronic trading environment upon detecting one or more triggering events. One example method includes defining an event to be used to trigger modification of how market updates are provided to a client entity, receiving a market update from an electronic exchange, and, when the event is detected, modifying how the market update is provided to the client entity. As an example, the modification of how the market update is provided to the client entity may include providing less data in relation to market updates, and sending the market updates less frequently.