Invention Grant
- Patent Title: System and method for dynamically changing an electronic trade order quantity
- Patent Title (中): 动态更改电子交易订单数量的系统和方法
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Application No.: US11692284Application Date: 2007-03-28
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Publication No.: US07729978B2Publication Date: 2010-06-01
- Inventor: Sagy P. Mintz , Michael J. Burns , Thomas A. Peterson
- Applicant: Sagy P. Mintz , Michael J. Burns , Thomas A. Peterson
- 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

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.
Public/Granted literature
- US20080243709A1 System and Method for Dynamically Changing an Electronic Trade Order Quantity Public/Granted day:2008-10-02
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