Invention Grant
- Patent Title: Cover-OCO for legged order
-
Application No.: US16704493Application Date: 2019-12-05
-
Publication No.: US10915957B2Publication Date: 2021-02-09
- Inventor: Patrick J. Rooney
- Applicant: Trading Technologies International, Inc.
- Applicant Address: US IL Chicago
- Assignee: Trading Technologies International, Inc.
- Current Assignee: Trading Technologies International, Inc.
- Current Assignee Address: US IL Chicago
- Agency: McDonnell Boehnen Hulbert & Berghoff LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00 ; G06Q40/04 ; B65D5/20 ; B65D5/42 ; B65D6/18 ; B65D25/04 ; B65D5/36 ; B65D5/66 ; B65D71/56

Abstract:
A position associated with a synthetic spread order may be managed where a status of a synthetic spread order is identified as legged. The synthetic spread order may have at least one child hedge order pending at an electronic exchange and in response, a bracket order is submitted to an electronic exchange for the tradeable object associated with a filled leg of the synthetic spread. In response to execution of the bracket order, the child hedge order may be cancelled.
Information query