公开(公告)号：US10037571B2

公开(公告)日：2018-07-31

申请号：US14200019

申请日：2014-03-07

Applicant: Trading Technologies International, Inc.

Inventor： Alexander D. Deitz ,  Sagy P. Mintz ,  David W. Garrison

IPC: G06Q40/00 ,  G06Q40/04

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.

公开(公告)号：US20140172675A1

公开(公告)日：2014-06-19

申请号：US14185540

申请日：2014-02-20

Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.

Inventor： Sagy P. Mintz ,  Robert West ,  Christos Kondilis

IPC: G06Q40/04

CPC classification number: G06Q40/04 ,  G06Q40/06

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.

Abstract translation: 市场数据是从真实的现场交流记录的。 录制数据可以以任何方式实时播放或延迟，以模拟录制的市场。 此外，一个或多个用户可以参与模拟市场，就像他们正在参与实时市场一样。 该系统提供了一个现实的交易环境，没有相关的市场交易风险，如亏损和交易成本。 该系统可用于培训目的，并用于测试和分析各种交易策略。 软件开发人员和测试人员也可以利用现实环境开发交易产品或应用程序。 此外，该系统提供了展示交易应用产品的手段。

公开(公告)号：US11551297B2

公开(公告)日：2023-01-10

申请号：US16863436

申请日：2020-04-30

Applicant: TRADING TECHNOLOGIES INTERNATIONAL INC.

Inventor： Sagy P. Mintz ,  Alexander D. Deitz

IPC: G06Q40/04 ,  G06Q40/00 ,  H04N7/173 ,  H04N7/20 ,  G06F9/30 ,  G06F13/10 ,  G06F15/16 ,  G11C8/00 ,  H04J3/26 ,  H04L9/00

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.

公开(公告)号：US09811860B2

公开(公告)日：2017-11-07

申请号：US13743002

申请日：2013-01-16

Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.

Inventor： Michael L. Fishbain ,  Sagy P. Mintz ,  Stephen J. Murphy

IPC: G06Q40/00 ,  G06Q40/04 ,  G06Q40/06

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

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.

公开(公告)号：US20140180894A1

公开(公告)日：2014-06-26

申请号：US13949464

申请日：2013-07-24

Applicant: Trading Technologies International, Inc.

Inventor： Sagy P. Mintz ,  Michael J. Burns ,  Thomas A. Peterson

IPC: G06Q40/04

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

Abstract: A system and methods for dynamically changing a trade order quantity in an electronic trading environment are described herein. According to one example embodiment, an automated trading tool determines if a leaned on quantity of a trading strategy has increased or decreased and if so, dynamically changing a desired order quantity to reflect the change in the leaned on quantity. Dynamically changing an order quantity may be more profitable for a trader as order queue position may be maintained and portion of the desired order quantity may get filled; rather than a trader losing their order queue position and/or taking a chance of not getting any of their order quantity filled.

Abstract translation: 本文描述了在电子交易环境中动态地改变交易订单数量的系统和方法。 根据一个示例性实施例，自动交易工具确定倾向于交易策略的数量是否增加或减少，如果是，则动态地改变期望的订单数量以反映倾斜的数量上的变化。 动态地更改订单数量对于交易者来说可能更有利可图，因为可以保持订单队列位置并且期望订单数量的一部分可能被填充; 而不是一个交易者失去他们的订单排队位置和/或有机会没有获得任何订单数量填充。

公开(公告)号：US20130151393A1

公开(公告)日：2013-06-13

申请号：US13760285

申请日：2013-02-06

Applicant: Trading Technologies International, Inc.

Inventor： Sagy P. Mintz ,  Michael J. Burns ,  Thomas A. Peterson

IPC: G06Q40/04

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

Abstract: A system and methods for dynamically changing a trade order quantity in an electronic trading environment are described herein. According to one example embodiment, an automated trading tool determines if a leaned on quantity of a trading strategy has increased or decreased and if so, dynamically changing a desired order quantity to reflect the change in the leaned on quantity. Dynamically changing an order quantity may be more profitable for a trader as order queue position may be maintained and portion of the desired order quantity may get filled; rather than a trader losing their order queue position and/or taking a chance of not getting any of their order quantity filled.

Abstract translation: 本文描述了在电子交易环境中动态地改变交易订单数量的系统和方法。 根据一个示例性实施例，自动交易工具确定倾向于交易策略的数量是否增加或减少，如果是，则动态地改变期望的订单数量以反映倾斜的数量上的变化。 动态地更改订单数量对于交易者来说可能更有利可图，因为可以保持订单队列位置并且期望订单数量的一部分可能被填充; 而不是一个交易者失去他们的订单排队位置和/或有机会没有获得任何订单数量填充。

公开(公告)号：US20130036041A1

公开(公告)日：2013-02-07

申请号：US13650476

申请日：2012-10-12

Applicant: Trading Technologies International, Inc.

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

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：US20130024357A1

公开(公告)日：2013-01-24

申请号：US13628445

申请日：2012-09-27

Applicant: Trading Technologies International, Inc.

Inventor： Sagy P. Mintz ,  Alexander D. Deitz

IPC: G06Q40/04

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。

公开(公告)号：US12039602B2

公开(公告)日：2024-07-16

申请号：US18363374

申请日：2023-08-01

Applicant: TRADING TECHNOLOGIES INTERNATIONAL INC.

Inventor： Sagy P. Mintz ,  Alexander D. Deitz

IPC: G06Q40/04 ,  G06Q40/00 ,  H04N7/173 ,  H04N7/20 ,  G06F9/30 ,  G06F13/10 ,  G06F15/16 ,  G11C8/00 ,  H04J3/26 ,  H04L9/00

CPC classification number: G06Q40/04 ,  G06Q40/00 ,  H04N7/173 ,  H04N7/20 ,  G06F9/30 ,  G06F13/10 ,  G06F15/16 ,  G11C8/00 ,  H04J3/26 ,  H04L9/00

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.

公开(公告)号：US10185991B2

公开(公告)日：2019-01-22

申请号：US14495841

申请日：2014-09-24

Applicant: Trading Technologies International, Inc.

Inventor： Sagy P. Mintz ,  Alexander D. Deitz

IPC: G06Q40/04 ,  G06Q40/00 ,  H04N7/173 ,  H04N7/20 ,  G06F9/30 ,  G06F13/10 ,  G06F15/16 ,  G11C8/00 ,  H04J3/26 ,  H04L9/00

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.