Invention Grant
US07925545B2 Automated trading system for conversion of unmatched amounts into new quotes
有权
自动交易系统,用于将无与伦比的金额转换为新的报价
- Patent Title: Automated trading system for conversion of unmatched amounts into new quotes
- Patent Title (中): 自动交易系统,用于将无与伦比的金额转换为新的报价
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Application No.: US11464848Application Date: 2006-08-16
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Publication No.: US07925545B2Publication Date: 2011-04-12
- Inventor: Edward Howorka , Tracey Riordan
- Applicant: Edward Howorka , Tracey Riordan
- Applicant Address: GB London
- Assignee: EBS Group Limited
- Current Assignee: EBS Group Limited
- Current Assignee Address: GB London
- Agency: Dickenstein Shapiro LLP
- Main IPC: G06Q30/00
- IPC: G06Q30/00 ; G06F17/30

Abstract:
Quotes entered into an automated trading system may comprise a visible, or primary, amount, and a linked or hidden amount. The visible amount only is shown to other traders on the system but part or all of the linked amount may be dealt if the order with with the quote is match is for an amount greater than the visible amount. If, after matching and deal confirmation, all the visible amount has been dealt, but some or all of the linked amount remains, a fresh order for the remaining linked amount is generated and submitted to the trading system for matching. The new quoted may be visible only or may have a visible component up to a limit specified by the maker on submission of the original quote, with the remainder being linked. Maker quotes converted to taker quotes by an auto-match routine may be resubmitted for undealt linked amounts in the same way. In one aspect of the invention, linked amounts are matched and dealt before visible amounts.
Public/Granted literature
- US20070043649A1 ORDER ENTRY IN AUTOMATED TRADING SYSTEMS Public/Granted day:2007-02-22
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