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公开(公告)号:US20230342850A1
公开(公告)日:2023-10-26
申请号:US18342927
申请日:2023-06-28
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:US11556984B2
公开(公告)日:2023-01-17
申请号:US14802527
申请日:2015-07-17
Applicant: Trading Technologies International, Inc.
Inventor: Alexander D. Deitz , Sagy Pundak Mintz
Abstract: A system and methods are provided for using order descriptor identifiers in relation to orders being used in trading strategies. According to one example method, when a hedge order is submitted upon detecting a fill of another order, the hedge order includes one or more order descriptor identifiers conveying a purpose of the hedge order to a user. The order descriptor identifiers can be used to search for desired orders and perform more effective order management and post trade analysis.
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公开(公告)号:US20230005063A1
公开(公告)日:2023-01-05
申请号:US17943401
申请日:2022-09-13
Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.
Inventor: Sagy Pundak Mintz , Michael J. Burns
Abstract: Embodiments for determining a traded item's value are described herein. An embodiment includes identifying conditions for use in computing a value of the tradable object. The embodiment further includes determining whether a condition is satisfied based on market data, for example, and if the condition is satisfied, then determining the value of the item based on a rule associated with the condition; and if the condition is not satisfied, then determining whether a subsequent condition is satisfied. If a subsequent condition is satisfied, then determining the value of the tradable object based on a rule associated with the subsequent condition. An embodiment further includes computing an open profit and loss value based on the item's value. Other embodiments are also disclosed.
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公开(公告)号:US20220261909A1
公开(公告)日:2022-08-18
申请号:US17736446
申请日:2022-05-04
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:US11410239B2
公开(公告)日:2022-08-09
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:US20220230248A1
公开(公告)日:2022-07-21
申请号:US17716614
申请日:2022-04-08
Applicant: TRADING TECHNOLOGIES INTERNATIONAL INC.
Inventor: Richard Lane , Thomas Jeffrey Weiss , Thurston Woo , Jason Shaffer , Brian J. Buck , Michael Unetich , Sagy Pundak Mintz
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.
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公开(公告)号:US11153208B2
公开(公告)日:2021-10-19
申请号:US16297009
申请日:2019-03-08
Applicant: TRADING TECHNOLOGIES INTERNATIONAL INC.
Inventor: Sagy Pundak Mintz
IPC: H04L12/721 , G06Q40/04 , H04L12/775
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:US10937100B2
公开(公告)日:2021-03-02
申请号:US16418330
申请日:2019-05-21
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:US20190272595A1
公开(公告)日:2019-09-05
申请号:US16418330
申请日:2019-05-21
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:US20190236705A1
公开(公告)日:2019-08-01
申请号:US16377822
申请日:2019-04-08
Applicant: Trading Technologies International, Inc.
Inventor: Sagy Pundak Mintz , Robert A. WEST , Christos KONDILIS
Abstract: Market data is recorded from a real live exchange. The recording data can be played back in real time or delayed, in any manner, to simulate the recorded market. Moreover, one or more users can participate in the simulated market just as if they were participating in a real-live market. The system provides a realistic trading environment without the associated risks of trading in a live-market such as losing money and the cost of making trades. The system may be used for training purposes and for purposes of testing and analyzing various trading strategies. Software developers and testers may also utilize the realistic environment to develop trading products or applications. Additionally, the system provides a means for demonstrating trading application products.
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