Method and system for internal matching

    公开(公告)号:US11120501B2

    公开(公告)日:2021-09-14

    申请号:US17025540

    申请日:2020-09-18

    Abstract: A system and method for internal matching of electronic trading orders is provided. Orders for electronic trading are reviewed for potential matches in an internal order book of an internal matching system. If no potential matches are available, the order is listed on both the internal order book for the internal matching system and on the book of orders for the electronic exchange. If a potential match is available, the order is tentatively matched with a resting order on the internal order book. A message is sent to the electronic exchange to cancel the resting order on the book of exchange order book. If the deletion is successful, the order and the resting order are matched. If the deletion is unsuccessful, the internal order book on the internal matching system is checked again for a potential match.

    Method and apparatus for message flow and transaction queue management

    公开(公告)号:US10817944B2

    公开(公告)日:2020-10-27

    申请号:US16691121

    申请日:2019-11-21

    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.

    Method and Apparatus for Message Flow and Transaction Queue Management

    公开(公告)号:US20200090277A1

    公开(公告)日:2020-03-19

    申请号:US16691121

    申请日:2019-11-21

    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.

    System and Method for Reducing the Risks Involved in Trading Multiple Spread Trading Strategies

    公开(公告)号:US20180308169A1

    公开(公告)日:2018-10-25

    申请号:US16021997

    申请日:2018-06-28

    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.

    Method and Apparatus for Providing Order Queue Information
    6.
    发明申请
    Method and Apparatus for Providing Order Queue Information 审中-公开
    提供订单队列信息的方法和装置

    公开(公告)号:US20140337195A1

    公开(公告)日:2014-11-13

    申请号:US14251256

    申请日:2014-04-11

    Abstract: A system and method for providing market information are disclosed. In this application, updates are received for a tradable object at a price level from at least one exchange. To the extent that the updates do not include enough details to compute the number of orders resting at a particular price level in a market, estimation may be used to provide order queue information. As a result, the number of orders which are pending in the market at various price levels may be determined using the techniques described herein. The interface disclosed herein may be used to display the number and/or quantity of the orders in the order queue.

    Abstract translation: 公开了一种用于提供市场信息的系统和方法。 在此应用程序中,从至少一个交易所的价格水平接收可交易对象的更新。 在更新不包括足够的细节来计算在市场上以特定价格水平搁置的订单数量的情况下,可以使用估计来提供订单队列信息。 因此,可以使用本文所述的技术来确定市场上处于不同价格水平的订单数量。 本文公开的界面可用于显示订单队列中的订单的数量和/或数量。

    System and method for estimating order position
    7.
    发明授权
    System and method for estimating order position 有权
    用于估计订单位置的系统和方法

    公开(公告)号:US08762254B2

    公开(公告)日:2014-06-24

    申请号:US13721462

    申请日:2012-12-20

    CPC classification number: G06Q40/04 G06Q40/06

    Abstract: A system and method for providing order queue position information are disclosed. In this application, market updates are received for a tradeable object from at least one exchange. To the extent that the market updates do not include enough details to compute the queue position of a trader's working orders, estimation may be used. As a result, an order queue is generated to approximate a trader's order position in an exchange price order queue. An interface may be used to display the generated order queue estimation to the trader which provides valuable trading information.

    Abstract translation: 公开了一种用于提供订单队列位置信息的系统和方法。 在本申请中,从至少一个交换所接收到可交易对象的市场更新。 在市场更新不包括计算交易者工作单的排队位置的足够细节的情况下,可以使用估计。 因此,生成订单队列以近似交易价格订单队列中的交易者的订单位置。 接口可以用于向提供有价值交易信息的交易者显示生成的订单队列估计。

    System and method for reducing the risks involved in trading multiple spread trading strategies
    8.
    发明授权
    System and method for reducing the risks involved in trading multiple spread trading strategies 有权
    减少交易策略交易风险的制度和方法

    公开(公告)号:US08712905B2

    公开(公告)日:2014-04-29

    申请号:US14045782

    申请日:2013-10-03

    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,在共享分支中引用单一订单,而不是为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。

    Method and System for Internal Matching

    公开(公告)号:US20210358039A1

    公开(公告)日:2021-11-18

    申请号:US17390700

    申请日:2021-07-30

    Abstract: A system and method for internal matching of electronic trading orders is provided. Orders for electronic trading are reviewed for potential matches in an internal order book of an internal matching system. If no potential matches are available, the order is listed on both the internal order book for the internal matching system and on the book of orders for the electronic exchange. If a potential match is available, the order is tentatively matched with a resting order on the internal order book. A message is sent to the electronic exchange to cancel the resting order on the book of exchange order book. If the deletion is successful, the order and the resting order are matched. If the deletion is unsuccessful, the internal order book on the internal matching system is checked again for a potential match.

    Method and Apparatus for Message Flow and Transaction Queue Management

    公开(公告)号:US20210004902A1

    公开(公告)日:2021-01-07

    申请号:US17024300

    申请日:2020-09-17

    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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