Invention Grant
US07904370B2 System and method for variably regulating order entry in an electronic trading system
有权
在电子交易系统中可变调节订单输入的系统和方法
- Patent Title: System and method for variably regulating order entry in an electronic trading system
- Patent Title (中): 在电子交易系统中可变调节订单输入的系统和方法
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Application No.: US10403333Application Date: 2003-03-31
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Publication No.: US07904370B2Publication Date: 2011-03-08
- Inventor: Scott F. Singer , Steven J. Carroll , Michael J. Burns
- Applicant: Scott F. Singer , Steven J. Carroll , 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 are provided to intelligently limit the frequency at which automated or semi-automated trading tools move or re-price orders in an exchange order book. A tolerance may be input that limits when one or more orders in the exchange order book are moved from one price to another. The system and method assist in reducing the number of orders that are entered into the system which can lead to reduced exchange transaction fees, lost queue position, and reduce network bandwidth consumption.
Public/Granted literature
- US20040193526A1 System and method for variably regulating order entry in an electronic trading system Public/Granted day:2004-09-30
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