公开(公告)号：US20160321749A1

公开(公告)日：2016-11-03

申请号：US14701033

申请日：2015-04-30

Applicant: TRADING TECHNOLOGIES INTERNATIONAL INC.

Inventor： William D. CAMPBELL ,  Scott F. SINGER

IPC: G06Q40/04

CPC classification number: G06Q40/04

Abstract: Methods and apparatus to manage hedge orders are disclosed. An example disclosed method includes communicating a multi-legged trading strategy to an electronic exchange for execution, the multi-legged trading strategy including a target trading strategy price, a quoting leg having a target leg price, a first hedge leg, and a second hedge leg. The example method further includes, in response to the quoting leg being filled at a first price that is better than the target leg price by a threshold amount: calculating a first cross-market price for the first hedge leg and a second cross-market price for the second hedge leg, calculating an actual trading strategy price as a function of the first price and the first and second cross-market prices, and, if the calculated actual trading strategy price is equal to or better than the target trading strategy price, communicating a trade action update to the electronic exchange.

Abstract translation: 披露管理套期订单的方法和手段。 一个示例性的披露方法包括将多边交易策略传达给电子交易所以执行，所述多腿交易策略包括目标交易策略价格，具有目标支价的报价腿，第一对冲支线和第二对冲 腿。 该示例方法还包括响应于以比目标腿价格优于阈值量的第一价格填充报价支票：计算第一对冲支线的第一交叉市价和第二交叉市价 对于第二对冲支线，计算实际交易策略价格作为第一价格和第一和第二交叉市场价格的函数，如果计算出的实际交易策略价格等于或优于目标交易策略价格， 将交易行动更新传达给电子交易所。

公开(公告)号：US20170039640A1

公开(公告)日：2017-02-09

申请号：US14816782

申请日：2015-08-03

Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.

Inventor： Scott F. SINGER ,  William D. CAMPBELL

IPC: G06Q40/04

CPC classification number: G06Q40/04

Abstract: An example method includes receiving a desired strategy price and a definition for a trading strategy including at least three legs. The at least three legs include a first leg associated with a first tradeable object, a second leg associated with a second tradeable object, and a priority leg associated with a third tradeable object. The example method includes communicating a priority order for the priority leg to an exchange and receiving a confirmation of a fill of the priority order. The confirmation identifies a priority price for the fill. The example method includes calculating a first price for a first order of the first leg based on market conditions in the second tradeable object associated with the second leg, the received priority price, and the desired strategy price. The example method includes communicating the first order for the first leg at the calculated first price to the exchange.

Abstract translation: 示例性方法包括接收期望的策略价格和包括至少三条腿的交易策略的定义。 所述至少三条腿包括与第一可交易对象相关联的第一腿，与第二可交易对象相关联的第二腿和与第三可交易对象相关联的优先腿。 示例性方法包括将优先权分支的优先顺序传送到交换机并且接收对优先级顺序的填写的确认。 该确认确定填充的优先价格。 该示例方法包括基于与第二条腿相关联的第二可交易对象中的市场条件，接收到的优先价格和期望的策略价格来计算第一支路的第一订单的第一价格。 示例性方法包括以所计算的第一价格向交换所传送第一条腿的第一顺序。