Invention Grant
- Patent Title: System and method for estimating order position
- Patent Title (中): 用于估计订单位置的系统和方法
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Application No.: US11415890Application Date: 2006-05-02
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Publication No.: US07882012B1Publication Date: 2011-02-01
- Inventor: Robert A. West , Ryan A. Andrews , Jens-Uwe Schluetter , David W. Garrison , Michael J. Burns
- Applicant: Robert A. West , Ryan A. Andrews , Jens-Uwe Schluetter , David W. Garrison , Michael J. Burns
- 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 method for providing order queue position information are disclosed. In this application, market updates are received for a tradable object from at least one exchange. To the extent that the market updates do not include enough details to compute the queue position of a trader's working orders, estimation may be used. As a result, an order queue is generated to approximate a trader's order position in an exchange price order queue. An interface may be used to display the generated order queue estimation to the trader which provides valuable trading information.
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