Invention Grant
- Patent Title: System and method for active order management in an electronic trading environment
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Application No.: US18156501Application Date: 2023-01-19
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Publication No.: US12154171B2Publication Date: 2024-11-26
- Inventor: Andrew Theodore Renalds
- 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

Abstract:
A trade order may be submitted to an electronic exchange and updated, according to pay-up parameter values, in an attempt to receive a complete fill within a period of time. The trade order may comprise an order price and an order quantity when submitted to the electronic exchange. The pay-up parameters may include a pay-up interval, a pay-up amount, a pay-up counter, or a combination thereof. The price of the trade order may continue to be updated after the expiration of pay-up interval in an attempt to receive a complete fill of the trade order. The price of the trade order may be increased or decreased by the pay-up amount. The trade order may continue to be updated until a complete fill is received, the pay-up counter expires, and/or an ending time expires for which the pay-up parameters may be implemented.
Public/Granted literature
- US20230153910A1 SYSTEM AND METHOD FOR ACTIVE ORDER MANAGEMENT IN AN ELECTRONIC TRADING ENVIRONMENT Public/Granted day:2023-05-18
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