公开(公告)号：US20180260898A1

公开(公告)日：2018-09-13

申请号：US15977614

申请日：2018-05-11

Applicant: Trading Technologies International, Inc.

Inventor： Patricia A. MESSINA ,  Bharat Mittal

IPC: G06Q40/04 ,  G06Q40/06

CPC classification number: G06Q40/04 ,  G06Q40/06

Abstract: A quantity modifier and a price modifier are provided for a spread trading strategy having a desired spread price and a desired spread quantity. According to an example embodiment, a quantity modifier divides the desired spread quantity into a plurality of disclosed spread quantities. Once the disclosed quantities are determined, a plurality of disclosed spread orders having the disclosed spread quantities are sequentially submitted to the market until the full desired spread order quantity is executed or until a predefined condition is detected. A price modifier determines a price level for each disclosed spread quantity, such that each disclosed spread order may be submitted at a different price level.

公开(公告)号：US20170193601A1

公开(公告)日：2017-07-06

申请号：US14984582

申请日：2015-12-30

Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.

Inventor： Iliar MANGUTOV ,  Sanju VARGHESE ,  Patricia A. MESSINA ,  Sun Joong YOO

IPC: G06Q40/04

CPC classification number: G06Q40/04

Abstract: An allocation manager may be implemented to reallocate the order quantities that are pending in an order queue at different exchanges according to a definition of a trading strategy. To reallocate the order quantities across the different exchanges, a minimum position-in-queue value for each leg in the trading strategy may be determined by the allocation manager. The minimum position-in-queue value may be the minimum or target value to be pending at an order queue for each leg of the trading strategy. A quantity allocation amount may be determined for one or more of the legs of the trading strategy to reallocate a quantity of a tradeable object from one exchange to another to meet the minimum position-in-queue value at each exchange. A quantity allocation amount may be communicated to each exchange to transfer the quantity allocation amount between the exchanges.